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>comparative advantage Makes a lot of sense in textbooks. But in the real world, when politics is involved, the whole theory breaks down. What does your text b
by throwthrow0987 11mo ago
>comparative advantage
Makes a lot of sense in textbooks. But in the real world, when politics is involved, the whole theory breaks down. What does your text book say about China holding rare earths hostage in regard of comparative advantage?
- Panzer04 11mo agoSomeone else starts their own mines, everyone goes a little poorer. except for oil, most countries aren't dependant on other countries just to survive in the near term (food is one of the few things countries will usually attempt to ensure they are selfsufficent in, if it's feasible)
- nradov 11mo agoThe UK is far from self sufficient in food. You'd think they would have learned from their mistakes after they nearly starved to death due to the Axis blockade during WWII, but apparently not.