Yet the Germans and)Tj ET BT 90.125 418.25 TD (the Japanese did not systematically take their experienced pilots out of combat)Tj ET BT 90.125 404.5 TD (missions to safeguard their human capital and have them become instructors who)Tj ET BT 90.125 390.5 TD (could spread some of their human capital to new and inexperienced pilots being)Tj ET BT 90.125 376.75 TD (trained for combat. )Tj ET BT 90.125 155 TD (While Country A can produce either product more efficiently, the time it spends)Tj ET BT 90.125 141 TD (producing chairs would pay off much bigger in producing television sets, some of which)Tj ET BT 90.125 127.25 TD (it can trade for chairs from Country B, ending up with more of both products than if it)Tj ET BT 90.125 113.5 TD (produced both for itself. There)Tj ET BT 90.125 543 TD (are more jobs created making the additional goods and services that are now in greater)Tj ET BT 90.125 529 TD (demand. What is forgotten is that these impersonal forces represent benefits to)Tj ET BT 90.125 85.75 TD (consumers who are just as much persons as the producers who have been arbitrarily)Tj ET endstream endobj 89 0 obj 3899 endobj 87 0 obj << /Type /Page /Parent 84 0 R /Resources << /Font << /F1 6 0 R /F2 7 0 R >> /ProcSet 2 0 R >> /Contents 88 0 R >> endobj 91 0 obj << /Length 92 0 R >> stream \(\322Hi. Corporations operating in a market economy have to pay for)Tj ET BT 90.125 224.25 TD (all their inputs\321whether labor, raw materials, or electricity\321and they have to pay as)Tj ET BT 90.125 210.5 TD (much as others are willing to bid for them. But, where it is human capital that is being rewarded,)Tj ET BT 90.125 515.25 TD (then it is this is far more consistent with their incomes rising with age. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than t 0.25 w BT /F1 12 Tf 510.125 39 TD 0 Tc 0 Tw (32)Tj ET BT 90.125 709.25 TD (But if Americans in general were losing higher-paid jobs and being forced to take lower-)Tj ET BT 90.125 695.5 TD (paid jobs, how then could the American standard of living have continued to rise, as all)Tj ET BT 90.125 681.5 TD (data show? By utilizing their comparative advantages, the)Tj ET BT 90.125 183.25 TD (two countries can produce 6,000 more shirts and 1,000 more shoes than before, with no)Tj ET BT 90.125 169.5 TD (more resources than before and with no technological change. Losses, however, are essential to the process that shifts resources to those)Tj ET BT 90.125 667.75 TD (who are providing what consumers want at the lowest prices\321and away from those who)Tj ET BT 90.125 653.75 TD (are not. The owner)Tj ET BT 90.125 155 TD (then sells, not for the sake of the economy, but for his own sake. © 2020  )Tj ET BT 90.125 307.5 TD (In the case of A&P: \322The simple fact is that A&P had only one major management)Tj ET BT 90.125 293.5 TD (problem \320 the company was unable to replace Mr. John,\323 the name long used inside the)Tj ET BT 90.125 279.75 TD (company for John Hartford, the last member of the founding family to run A&P. But so many people were)Tj ET 90 513.75 99.25 0.5 re f BT 90.125 501.5 TD (unable to pay their debts that many banks began to fail \320 more than 900 in 1930 alone. )Tj ET BT 90.125 598.5 TD (The inherent reality is that there are not nearly enough beachfront homes to go around)Tj ET BT 90.125 584.5 TD (and prices are just a way of conveying that underlying reality. )Tj ET BT 90.125 459.75 TD (While comparative advantages and free trade allow all nations to share in the world)Tj ET BT 90.125 446 TD (prosperity promoted by free movements of resources, not all industries in all nations)Tj ET BT 90.125 432 TD (prosper.

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