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.
As for his âcould cost the country billionsâ statement. Horsecrap. As of the middle of July, the Central Bank of Iraq had estimated the project will cost 172 billion dinar, or about $148 MILLION. They even broke down the cost of printing, transport, media campaign and other cost. They even gave the cost of the 2003-2004 reprinting as a reference. This guy is blowing smoke.