Econ 104_week 2_chapter 3

Econ 104_week 2_chapter 3

Chapter 3 Assignment

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In 200 words or less, evaluate (agree or criticize) the following statement:

“The theory of comparative advantage (and the associated projected economic gains from free trade) is a well-known economic theory, but what happens in the real world is closer to the opposite. If, as the result of free trade, some American workers lose their jobs, this can hardly be a sensible economic strategy for our country. Indeed, we will maximize economic opportunity (and the rate of economic growth) for the U.S.A. if we preserve American jobs by imposing tariffs and repealing our trade agreements with other countries.”

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