supply and demand

supply and demand

Find one or more articles about a good/service the United States exports and a good/service the United States imports. In a well-written paper, explain the following:

Discuss what this suggests about the United States’ absolute and comparative advantage when it comes to this good/service.
Using the concepts of supply and demand, discuss what effect a “Buy American” campaign might have in the market for the imported good.
Given what economists have to say about comparative advantage, would such a campaign be good or bad?
Adhere to the following standards:

Your paper should be two to four pages in length, not including the title or references pages.

Solution Preview

Supply and Demand in USA
Comparative advantage is the ability of a nation to produce goods at a relatively lower cost compared to that of other rival countries. USA is one of the most successfully countries in the world and a lead exporter of manufacturing goods. The exports play a major role in the economy of the country as well as being a source of employment.

(607 words)