Comparative advantage and specialization

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Reference no: EM1375363

Pat Protectionist thinks the United States imports too many goods from low wage nations like China. Pat will often point out items that have "made in China" labels on them and laments the fact that "most things sold in Wal-Mart are imported." Pat is a mechanical engineer and a manufacturers representative. Pat sells a variety of products to manufacturing companies like Eastman Kodak, Bombardier, etc. Pat performs relatively high-skilled high-paid work and also enjoys frequent vacations to Europe.

Do you see any conflicts between Pat's statements and work? Do you see any conflicts between Pat's statements and trips to Europe?

Reference no: EM1375363

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