What is the doctrine of comparative advantage

Reference no: EM133348763

Question: When China and Japan got into a political snit in 2010, China cut off Japan's supply of Rare Earth minerals-elements essential for electronics manufacturing.

(a) Was China's action politically or economically wise? Support your point of view by reference to some authority or quotation.

(b) What should governments and corporations do when a key resource is controlled by an unreliable government? Again, cite support for your view. What is the doctrine of comparative advantage? Provide an example of a particular country's comparative advantage. How has free trade impacted the manufacturing sector of the US economy? Provide concreted examples of the impacts you cite

Reference no: EM133348763

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