In their article What Does Russia's Invasion of Ukraine Mean for the US. Economy?, Jeanna Smialelc and Ana Swanson discuss the potential impacts ofthe Russian offensive on Ukraine. Note the article was written at the end of February. You can access the article here htt s: www.n imes.com 2022 02 23 business econorn russia-ukraine- lobal-us-econorn .html as NDSU has a NY Times subscription or simply use that attached to this assignment. 1. Read the article. a. Explain the conoept of comparative advantage. Do not define it but rather explain it. Using an example from everyday life can be helpful. Your explanation should make it clear why the theory of comparative advantage suggests the U5. and other countries would be better off importing some Russian goods rather than producing them on their own. b. Explain why disruptions in international trade of particular goods Including oil from Russia is relevant to the us. even though we may not directly import much 3' manyofthese goods. That is, if we are not Importing goods from Russia why does it matter than Russia is unable to export them? c. Should countries impose protectionist measures [e.g., barriers that stop Russia from freely exporting goods] even give the advantages from international trade? Why or why not? Note that this is an opinion question with no right answer, but your answer must be justied using course ooncepts. d. The article mentions other economic concepts than international trade, including consumer confidence and {alluding to} monetary policy. Indicate the context of these and any other concepts you note from the article; that is, explain what the article indicates about the different topics in your own words and include the associated theory. For example, the article mentions the Federal Reserve and interest rates. You should include some information about how the Federal Reserve affects interest rates and why they do so. so as to explain the article's point. e. The article notes that agricultural and food prices may be affected. Explain how changes in the prices of agricultural commodities grown in the Ukraine and Russia will affect farmers and consumers here in the U.S. I suggest using basic supply and demand concepts to do so. f. Finally, the article notes that we are just working to emerge from logistical and economic challenges associated with the CDVID pandemic. What do you think are the longer term affects of the COUID pandemic and the Russian aggression against the Ukraine? why