Pksimon2007
Member
- May 2, 2015
- 427
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In a nonmonetary economy, we think of comparative advantage.
Does that work in a monetary economy?
Exports = shipping real wealth you could be enjoying to foreign countries for others to enjoy.
Imports = allowing foreigners to ship their real wealth to you, so that you can enjoy it.
Does that work in a monetary economy?
Exports = shipping real wealth you could be enjoying to foreign countries for others to enjoy.
Imports = allowing foreigners to ship their real wealth to you, so that you can enjoy it.