Does the protection of one domestic industry harm another? explain.
Read the articles:
1) The Boomerang effect.
2) Comparative Advantage and American Jobs.
You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates. You are encouraged to respond to other students as well as to your instructor.
Choose one question to answer:
1) Does the protection of one domestic industry harm another? Please explain.
2) Why does comparative advantage matter more than absolute advantage for trade? Please explain.