International trade and exchange rates

For your initial post, answer  the following questions.

Take a closer look at our local economy or a country of your interest and pick a good or a service that you believe America (or your country of choice) has a comparative advantage in producing. Discuss the factors that you believe give America (or your country of choice) such an advantage.


Give a brief explanation of at least one of the concepts listed below, including an example to support your post:

  •  International trade and Exports, Imports
  • Comparative advantage and Absolute advantage
  • International specialization and Gains from trade
  • Barriers of trade: Tariffs and quotas
  • Foreign exchange
  • Exchange rates: Flexible and Fixed exchange rate

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