Applying the Law of Comparative Advantage to Happy Aquarium!
Last semester, our civics class covered economics, including something called the law of comparative advantage. It explains the principles of international trade, talking about relative advantages being higher or lower. I am not a civics teacher, so I will skip the details of comparative advantage here. XD What I want to talk about is that I kept wondering how comparative advantage relates to our everyday lives. Then I realized it can be applied to Happy Aquarium, which is very popular right now! How? Most people, once they have saved enough money, spend it on the newest and most expensive fish. But have you considered that the newest, most expensive fish do not necessarily earn the most? For example: ...