Lecture Macroeconomics (9/e): Chapter 8 - David C. Colander

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Lecture Macroeconomics (9/e): Chapter 8 - David C. Colander

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Chapter 8 - Comparative advantage, exchange rates, and globalization. After reading this chapter, you should be able to: Explain the principle of comparative advantage, explain why economists' and laypeople's views of trade differ, summarize the sources of U.S. comparative advantage and discuss some concerns about the future in the U.S. economy, discuss how exchange rates are determined and what their role is in equalizing trade flows.

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