Illustrate what did the south have a comparative advantage

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Reference no: EM1388818

Q. 1. Before the Civil War, the South graded with the North also with England. It sold cotton also bought manufactured goods also food. During the war, one of Lincoln's first actions was to blockade the ports, which prevented this trade. The South had to increase its production of munitions also food.

In illustrate what did the South have a comparative advantage?

Did the Civil War change any opportunity costs in the South? Did the opportunity cost of everything rise? Or did items cost less?

Reference no: EM1388818

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