- n the past, comparative advantages have sometimes shifted from one nation to another. What factors do you think caused these shifts? Why? Was there anything a nation could have done to prevent an advantage from shifting to another nation?
- Today we are faced with a fast-moving world. New products are being introduced to the marketplace at a rapid pace, and consumer trends seem to be changing faster. What are the most important factors that have shifted the demand for and supply of goods? Feel free to pick one or more goods to discuss in your response and use economic reasoning to support your response
- Many governments take foreign loans. Are these loans beneficial for gross domestic product? Why, or why not?
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