PLIR 1010 Study Guide - Final Guide: Air War College, Scud, World Trade Organization

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Absolute advantage the ability of a country or firm to produce more of a particular good or service than other countries or firms using the same amount of effort and resources. Acid rain collective action problem to political action problem; produced when sulfur dioxide and nitrogen oxide is emitted into the atmosphere, subsequently absorbed by water droplets, and create a mild solution of sulfuric and nitric acid. Affects chemical balance of soil, lakes, and stream and killed many forests/aquatic life. Similar to cdcs in the sense that there was successful international cooperation easier to deal with than climate change co2 emissions (the number of actors is inversely related to the ease at which a problem can be solved) Blinder: speaks of protectionism: hurts consumers, gives an argument for protectionism, then rebuts them. Believed that free trade is going out of style as protectionism emerges. Capital and labor factors of production; human and materials.