dustry to those industries in which Isoland has a comparative advantage. Al-
though the transition may impose hardship on some workers in the short run,
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allows Isolandians as a whole to enjoy a higher standard of living.
Opponents of trade are often skeptical that trade creates jobs. They might re-
spond that everything can be produced more cheaply abroad. Under free trade,
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they might argue,
cheap zumba dvd, Isolandians could not be profitably employed in any industry.
194 PA R T T H R E E S U P P LY A N D D E M A N D I I : M A R K E T S A N D W E L FA R E
As Chapter 3 explains,
beats by dre accessories, however, the gains from trade are based on comparative
advantage, not absolute advantage. Even if one country is better than another
country at producing everything,
Lightning jerseys for sale, each country can still gain from trading with the
wholesale Tampa Bay Lightning jerseys however
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