2 ms·
I think the problem is more comparative advantage. Say the Vietnamese are good at making things in factories while terrible at making Hollywood type movies, whi
by tim333 2y ago
I think the problem is more comparative advantage. Say the Vietnamese are good at making things in factories while terrible at making Hollywood type movies, while Americans are good at making things in factories and also good at making movies, it makes sense for Vietnam to do the factories and America the movies regardless of exchange rates.