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To: 9YearLurker

Yeah, but refresh my memory, what does that phrase mean to you?


61 posted on 08/22/2013 8:49:28 AM PDT by null and void (Frequent terrorist attacks OR endless government snooping and oppression? We can have both!)
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To: null and void

If Nations A and Nations B can each produce Product A and Product B, respectively, more efficiently, then they each generate more wealth by producing that which they can make most efficiently—and then trading with the other. Whatever savings each can create by making a product for the other is the amount of new wealth created by specializing and trading.


64 posted on 08/22/2013 11:55:07 AM PDT by 9YearLurker
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