WELL THIS COULD BE FALSE BUT EVERYONE IS DIFFRENT
Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another. Even if one country has an absolute advantage in producing all goods, different countries could still have different comparative advantages
A tariff is a tax or duty to be paid on a particular class of imports or exports. Does this help?
They began to tax the colonists and began printing money to try and cover the costs of the war.
