Posts Tagged ‘comparative advantage’

  • US Chicken Paw Exports to China

    Chicken Economics

    Apr 14, 12 • 286 Views • No Comments

    Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid certain teachers and doctors with chicks. Their goal was...  [read more]

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    Giraffes and Levis

    Mar 8, 12 • 234 Views • No Comments

    French fashion, food, wine and now a French giraffe. Most French moms buy Sophie for their newborns. Seven inches tall, with brown spots, black eyes and pink cheeks, she is just a rubber toy giraffe that squeaks. In French supermarkets, her price is $12. In...  [read more]

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    Chinese State-Run Firms

    Feb 24, 12 • 259 Views • No Comments

    Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owned or controlled by the government.  With 655 million...  [read more]

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    Locavore Legislation

    Dec 3, 11 • 207 Views • No Comments

    Being a locavore can be confusing. Eating broccoli from the local farm stand tastes good and makes many of us feel good. It is a pleasure to support local farmers and get vegetables the day they were picked. On the other hand, inefficiency is one huge...  [read more]

  • The Panama Canal Project Facilitates World Trade.

    The Fabric of Free Trade

    Oct 14, 11 • 254 Views • No Comments

    The roof of the big-box store near your home could contain fabric that was made in Greensboro, N.C. Transported in rolls that are 12 feet wide and 5,000 yards long, this material is also made in South Korea. Until now, U.S. textile firms could compete against...  [read more]