Why economists and laypeoples view of trade differ, Microeconomics

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Why economists and laypeoples view of trade differ

Problem

1. What are four reasons why economists' and laypeople's view of trade differ?

2. True or false? Wages in China are lower than those in the United States. This means that China has a comparative advantage in everything. Explain your answer.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why economists and laypeoples view of trade differ

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