Examlex
________ is a win-lose negotiation over a "fixed pie" of resources.
Adam Smith
A Scottish economist and philosopher known as the father of modern economics, famous for his work "The Wealth of Nations."
David Ricardo
David Ricardo was a British political economist best known for his theories on comparative advantage, which describe how nations can benefit from trading.
International Trade
The exchange of goods and services between countries, which allows for greater diversity of products, lower prices, and increased economic efficiency.
Trade Adjustment Assistance Act
A U.S. law passed in 2002 that provides cash assistance, education and training benefits, health care subsidies, and wage subsidies (for persons age 50 or older) to workers displaced by imports or relocations of U.S. plants to other countries.
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