Problem
1. Explain what comparative advantage is. Make up an example to illustrate this concept.
2. What is wrong with having tariffs and quotas? Which is the lesser of the two evils, and why?
3. Explain why globalization is good for the United States. What are the drawbacks of global ization for our economy?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.