As such, comparative advantage is an important concept in global trade, and it's the reason many countries concentrate on trying to produce certain goods or services more efficiently than other countries.
In March 2013, the total cost of the Iraq War to date was estimated at $1.7 trillion by the Watson Institute of International Studies at Brown University. Some argue that the total cost of the war to the U.S. economy will range from $3 trillion to $6 trillion, including interest rates, by 2053, as described in the Watson Institute's report.
US spending $9M a day in ISIS fight. The U.S. has spent more than $2.74 billion â or roughly $9.1 million per day â in the fight against the Islamic State in Iraq and Syria (ISIS), the Pentagon revealed Thursday. In releasing the new numbers, the Pentagon for the first time offered a cost breakdown, shedding new light on where the money is going.