Macroeconomics 6: Trade & The Better Life
Planet Money Summer School
Columbia and Tea Shirts: Comparative Advantage
Columbia still has an absolute advantage when it comes to sowing some of the more complicated, intricate tea shirts with tailoring n venex like the planet money women shirt. But columbia's economy is clearly evolving, and so the factory that makes the tea shirts thinks, you know, we might be better off becoming a clothing retailer. And then the columbian factory can import those clothes and sell them for a lower pricer least get a higher profit margin.
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