Quote:
Originally posted by wig@May 19 2004, 10:02 AM
Take oil for example...
Suppose we were worried about the "trouble" that might come from being dependent on receiving oil from abroad.
Would not receiving oil from abroad to avoid this trouble surpass the benefit?
|
That's a great example that shows goes well with Buff's post re: comparative advantage. More of a good produced world-wide lowers prices for that good.