Read the passage below and summarize it using one sentence. Type your response in the box at the bottom of the screen. You have 10 minutes to finish this task. Your response will be judge on the quality of your writing and on how well your response presents the key points in the passage.
Consider the present situation: like their counterparts within the USA, engineers and technicians in the Asian nation have the capability to produce each programming and innovative new technologies. Indian programmers and advanced engineers earn one-quarter of what their counterparts earn within the United States; Consequently, India is ready to try and do each job at a lower dollar value than the United States: India has an absolute advantage in each. In alternative words, it will turn out a unit of programming for fewer bucks than the United States, and it also can turn out a unit of technology innovation for fewer bucks. will that mean that the USA can lose not solely programming jobs however innovative technology job, too? will that mean that our normal of official document fall if the USA and Asian nation have interaction within the international trade?
David Ricardo would have answered no to each question– as we have a tendency to do nowadays. whereas the Asian nation may have associate degree absolute advantage in each activity, that reality is impertinent in deciding what Asian nation or the USA can turn out. Asian nation incorporates a comparative advantage in doing programming partly due to such activity needs very little physical capital. The flip facet is that the us incorporates a comparative advantage in technology innovation partially as a result of it’s comparatively simple to get capital during this country to undertake such long–run comes. The result’s that Indian programmers can do additional and additional of what U.S. programmers are doing within the past. In distinction, yankee corporations can shift to additional and additional innovation.