3 ms·
Ah, but this too, not quite. If your economy is better than other economies at producing cars, but _far_ better than anyone else at producing microprocessors,
by sk5t 8y ago
Ah, but this too, not quite. If your economy is better than other economies at producing cars, but _far_ better than anyone else at producing microprocessors, it may be rational to produce microprocessors exclusively and import cars. Cf. revealed comparative advantage.
- tomrod 8y agoOne mind-blowing item at a time. ;-) But seriously, thanks for sharing. TIL: https://en.m.wikipedia.org/wiki/Revealed_comparative_advantage https://en.m.wikipedia.org/wiki/Revealed_comparative_advanta...