...and that trade makes both parties better off.
To see this ask why we outsource banana production to Costa Rica. We could grow bananas domestically, in green houses. We don't because it is much cheaper to grow bananas in Costa Rica.
Mark Perry has a nice essay explaining it.
To see this ask why we outsource banana production to Costa Rica. We could grow bananas domestically, in green houses. We don't because it is much cheaper to grow bananas in Costa Rica.
Mark Perry has a nice essay explaining it.
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