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The United States has a comparative advantage over China on the production of specialized and capital-intensive labor. It also has a comparative advantage in the

The United States has a comparative advantage over China on the production of specialized and capital-intensive labor. It also has a comparative advantage in the production of services, such as travel and tourism.

  • How can the United States benefit from specialization and trade? Provide examples from the textbook.
  • Research and share a current news article on international trade that supports the argument economists make in favor of free trade agreements (FTAs). In what ways is the article supportive of FTAs?

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