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.
About This Counter: Cost of War in Iraq. This counter displays the total cost, since 2003, of the war in Iraq, in nominal (non-inflation-adjusted) dollars. This includes all of the funding that has been appropriated by Congress through the end of fiscal year 2015 on Sept. 30, 2015.For more detail, see Notes & Sources.bout This Counter: Cost of War in Iraq. This counter displays the total cost, since 2003, of the war in Iraq, in nominal (non-inflation-adjusted) dollars. This includes all of the funding that has been appropriated by Congress through the end of fiscal year 2015 on Sept. 30, 2015.