By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
Waelti: Trade agreement is a joint effort
John Waelti
In their first college economics course students are introduced to the principal of comparative advantage and elements of international trade. By each nation producing goods for which its resources are best adapted, and engaging in trade, the world’s resources are used more efficiently. Total production is increased and consumers enjoy lower prices.