How would you answer these two post with positive feedback for more information and a questionFirst post in photo second post written Second post The law of comparative advantages in a principal that suggest people can benefit from specializing in product of good and services that have a lower opportunity cost absolute advantage in a persons, ability to produce goods and services with pure resources, and someone else we trade with other countries because resources are cheaper than they would be in the US, which makes it sense to us to import for cheaper price than use resources here for higher price we have comparative advantage over China with specialized and intense labor. We have comparative advantage over the UK with materials and precious metals. The UK in China have comparative advantages over the US with the UK transportation and chemicals, China, cheap labor and goods because we were able to get certain resources from other countries, people in the US are being put out of jobs and warehouses, or the machinery industry

The law of Comparative Advantage is when the economy is able to produce goods and services at a lower cost without having to use trading. The difference between comparative advantage and absolute advantage is that absolute is able to produce goods at a faster and more quantitiy rate and comparative creates better quality product. We trade with China and the UK because of the cost of goods has increased siginificantly over the years. China has the ability to produce in larger quantity due to the abudance of labor they have. However, we have the way to create better quality products. The UK's comparative advantages over the US is that the UK has more financial services and access to nuclear components