{"content":{"sharePage":{"page":0,"digests":[{"id":"34841636","dateCreated":"1298645116","smartDate":"Feb 25, 2011","userCreated":{"username":"jpark125","url":"https:\/\/www.wikispaces.com\/user\/view\/jpark125","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/wrightslandofeconomics.wikispaces.com\/share\/view\/34841636"},"dateDigested":1532253361,"startDate":null,"sharedType":"discussion","title":"Free Trade Benefits All","description":"<!-- ws:start:WikiTextUrlRule:2:http:\/\/www.cato.org\/pub_display.php?pub_id=5354 --><a class=\"wiki_link_ext\" href=\"http:\/\/www.cato.org\/pub_display.php?pub_id=5354\" rel=\"nofollow\">http:\/\/www.cato.org\/pub_display.php?pub_id=5354<\/a><!-- ws:end:WikiTextUrlRule:2 --><br \/>\n<br \/>\nThis article asserts that there are 3 main reasons why countries should trade with one another. &quot;Trade improves global efficiency in resource allocation&quot;. This reason illustrates the concept of specialization because countries should produce the good that they have the comparative advantage in, and benefit from the more efficient production of goods from other countries as well. This is demonstrated in the second reason that &quot;trade allows partners to to gain from specializing in products&quot; which reiterates the importance of overall efficiency and allows countries to gain huge benefits from trade. Thirdly, &quot;trade allows consumers to benefit from more efficient methods of production&quot;, meaning that a single country doesn't have to excel in every process or product, but only needs to specialize in what they know best and share the benefits with other countries, who in turn will give the benefits of their efficient production methods.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"34839564","dateCreated":"1298643411","smartDate":"Feb 25, 2011","userCreated":{"username":"tchari2","url":"https:\/\/www.wikispaces.com\/user\/view\/tchari2","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/wrightslandofeconomics.wikispaces.com\/share\/view\/34839564"},"dateDigested":1532253361,"startDate":null,"sharedType":"discussion","title":"Economics: The key to happy couples' division of labor","description":"<!-- ws:start:WikiTextUrlRule:2:http:\/\/www.independentngonline.com\/DailyIndependent\/Article.aspx?id=29381 --><a class=\"wiki_link_ext\" href=\"http:\/\/www.independentngonline.com\/DailyIndependent\/Article.aspx?id=29381\" rel=\"nofollow\">http:\/\/www.independentngonline.com\/DailyIndependent\/Article.aspx?id=29381<\/a><!-- ws:end:WikiTextUrlRule:2 --><br \/>\n<br \/>\nAbstract: In Spousanomics by Paula Szuchman and Jenny Anderson, it is suggested that using economics for a relationship between a married couple will strenthen their relationship. The most prominent idea that is emphasized is comparative advantage. Who specializes in doing the laundry, the husband or wife? Who specializes in providing the food for the family? Since opportunity cost has many ties to comparative advantage, it is also introduced in spousanomics to emphasize who may have the comparative advantage over a certain chore or work.","replyPages":[{"page":0,"digests":[{"id":"34841588","body":"Rewritten Abstract: Dory Devlin analyzes Spousanomics by Paula Szuchman and Jenny Anderson where it is suggested economics could be used to strengthen the relationship between a married couple. More specifically, Devlin studies how comparative advantage, which defines that an individual, firm, group, etc. should perform a certain task that is more specialized in than performing several tasks at minimum efficiency. In this case, the wife or husband should not be performing several different tasks at allocative or productive efficiency. Instead, she or he should only focus on one or two tasks that he or she is dominant in the specialization. By using division of labor, there is a relief in stress in a relationship and a couple does not have to stress on performing task that they a less specialized in. Comparative advantage lays within those foundation of what the wife may specialize in and what the husband specialize in. Ideally, the couple will have different areas of specialization.","dateCreated":"1298645089","smartDate":"Feb 25, 2011","userCreated":{"username":"tchari2","url":"https:\/\/www.wikispaces.com\/user\/view\/tchari2","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"}}],"more":0}]}],"more":false},"comments":[]},"http":{"code":200,"status":"OK"},"redirectUrl":null,"javascript":null,"notices":{"warning":[],"error":[],"info":[],"success":[]}}