Sources of Comparative Advantage” Please respond to the following:

Sources of Comparative Advantage” Please respond to the following:

Analyze the sources of comparative advantage and determine which source has the most significant global impact on trade. Explain your rationale.

Imagine that you woke up tomorrow and China and Canada had changed places (geographically). Discuss the advantages and disadvantages this new situation
would create.

“Tariffs” Please respond to the following:

Select a product with which you are somewhat familiar and determine if it would be better for the manufacturer to postpone import tariffs or to pay them
outright. Explain your rationale.

Analyze the arguments for trade restrictions and determine which is most applicable to the U.S. and to another country of your choice. Explain your
rationale.

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