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.
Financial cost of the Iraq War. The following is a partial accounting of financial costs of the 2003 Iraq War up the United States and the United Kingdom, the two largest non-Iraqi participants of the multinational force in Iraq. Contents. 1 U.S. war costs 1.1 Direct costs 1.1.1 Appropriations.