Thursday, February 25, 2016

Trump Using the Chinese Labor Connection

Per usual, Trump, qua businessman, is seeking the lowest marginal cost to yield the best marginal benefit. Here is another example of how this is true. No prudent business man seeks to pay the highest marginal cost to yield the lowest marginal benefit. This is against nature.

Both of these ties are hand made!  Bottom line: This is all about the notion of Comparative Advantage. A concept pushed forward by Classical Economist, David Ricardo.

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