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Video Wheat or DVD’s.

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Presentation on theme: "Video Wheat or DVD’s."— Presentation transcript:

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4 Video Wheat or DVD’s

5 Comparative Advantage Assignment
Due by end of the hour!!!

6 Section 2 Terms

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8 Value of 1 American Dollar. vs ARS Australian Dollar. 966693. +
Value of 1 American Dollar vs ARS Australian Dollar Swiss Franc $.10 BRL British Pound Canadian Dollar Brazilian Real $.90 Chinese Yuan $5.31 Argentine Peso $3.42 Mexican Peso $ Saudi Riyal Indian Rupee $51.50

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17 Winners & Losers Economists generally agree that specialization according to comparative advantage & free trade raises the overall standard of living Sometimes countries and governments impose trade barriers or restrictions on free trade HOWEVER, most agree that the benefits to the winners outweigh the costs to the losers

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