Mar

10

Here is an economics anecdote on trade that I can explain to my six year old. Yesterday at an outdoor plaza there is a soup vendor I normally go to and a taco guy next door. I notice my soup guy is eating tacos, and I look over to taco stand and he is having soup. I ask the soup vendor about it and he quips that he is checking out the competition and hopes he is not poisoned. But I see a nice illustration of comparative advantage, value creation and utility curve optimization.


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