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.
Initial Cost Estimates For The Iraq War Were Almost Too Low To Believe. The U.S. will shell out somewhere as much as $6 trillion dollars for the Iraq War, once all is said and done, according to a recent report out of Brown University. According to Reuters, that figure includes $1.7 trillion spent so far with an additional $490 billion in benefits.