Omparative Advantage and the open economy
Due Date: Tuesday May 1, 2012 at the beginning of class
Worth: 100 points
This paper asks you to defend or refute the following statement:
Comparative advantage explains why trade between a poor and a rich country makes both countries wealthier.
Concepts to keep in mind and address in your paper
a? Have you ever had someone teach you something on the job? If that person can do the job already (and better than you), why did they hire you?
a? Opportunity Cost
a? Your paper must be at least 3 pages in length; use 12-point Times New Roman font; and be double-spaced with one-inch margins.
a? Your paper must have the following heading in the upper left hand corner: Your name, my name, class/section, and date.
a? You must use formal language (no contractions, etc.) and proper grammar.
a? For full credit, your paper must be submitted on times.Late work is subject to a penalty (as noted in your course syllabus).
Tips for writing the paper
a? Do not plagiarize. Quote only from the evidence you use, when necessary, and use quotation marks when you do. When paraphrasing othersa arguments, cite them at the end of each sentence. Be sure to explain how your use of your evidence relates to your overall argument for the paper.
One of the citations has to be from our text book titled, Econimics Today, the micro view pages 707-711. I have taken pictures of the pages and will forward them to you. the other citation should be from another source. please let me know if you need additional information.