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1. Read this article in the WSJ China's Trade Slows as Demand Drops and Covid-19 Lockdowns Hit Supply Chains - WSJ(Links to an external site.)

1. Read this article in the WSJ

China's Trade Slows as Demand Drops and Covid-19 Lockdowns Hit Supply Chains - WSJ(Links to an external site.)

. Give a very brief summary of the article. (3 sentences or so)

. Define "comparative advantage".

Given the concept of comparative advantage, why does China exported so many goods?

Given our previous discussions regarding elasticity, in general are they exporting good that are elastic or inelastic? What is the reason for your answer?

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