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Babe Ruth And The Principle Of Comparative Advantage

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A. Case Study # 1: Trade Conflicts (9 points)
Please read and summarize “Is the United States Losing its Innovation Edge?” from Chapter 1.
The United States has been the engine of almost all the significant technological advancements since the mid of 19th century. This was because the industries ranging from smartphones to solar panel technology etc. were located in the country. However, the past decade has witnessed the erosion of a number of industries from the face of the nation (Huang, 2013).
According to some economists, manufacturing is the key to research and development (R&D). R&D brings innovation which is an ultimate driver of economic growth. However, the manufacturing blocks of science & technology are not being sustained in the country. In …show more content…

(2013). Why did The Economist favour free trade? Retrieved from economist.com: https://www.economist.com/blogs/freeexchange/2013/09/economic-history

C. Case Study # 3: Trade Conflicts (9 points)
Please read and summarize “Babe Ruth and the Principle of Comparative Advantage” from Chapter 2.
George Herman Ruth was one of the most prominent batters and pitchers in the history of baseball. In 1914, he started his league career as a left-handed pitcher with the Boston Red Sox. However, in December 1920, he was sold to the New York Yankees where he gained five wins for the team and ended his career as a pitcher.
Although Ruth had an absolute advantage as a hitter and pitcher, he chose to be a hitter. That was because he had the comparative advantage in hitting as he wanted to ensure his presence in the game on a daily basis. Thus, he decided to master in batting and gave up pitching.
The specialization of Ruth in batting made the Yankees one of the best teams in the history of baseball. Yankee Stadium was also nicknamed “The House that Ruth Built” because of Ruth's considerable number of fans. Thus, the use of comparative advantage by Ruth gave him massive success and fame in the history of

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Ruth was only with the club for a short time before he was called up into the majors in Boston. The left handed pitcher proved immediately to be a valuable member of the team. Over the next five years Babe led the Red Sox to three championships, including the 1916 title which saw him pitch a record still today of 13

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George Herman Ruth Jr. (February 6, 1895 – August 16, 1948) was an American professional baseball player whose career in Major League Baseball (MLB) spanned 22 seasons, from 1914 through 1935. Nicknamed "The Bambino" and "The Sultan of Swat", he began his MLB career as a stellar left-handed pitcher for the Boston Red Sox, but achieved his greatest fame as a slugging outfielder for the New York Yankees. Ruth established many MLB batting (and some pitching) records, including career home runs (714), runs batted in (RBIs) (2,213), bases on balls (2,062), slugging percentage (.690), and on-base plus slugging (OPS) (1.164); the latter two still stand today.[1] Ruth is regarded as one of the greatest sports heroes in American culture and is considered

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Ruth who became a full-time outfielder was playing at his best helping his team whenever and wherever he can. He had unleashed a level of power that had never been seen before in the game of baseball. In 1919 while with the Red Sox, Ruth set a single-season home run record of 29. In 1920, his first year in New York, he knocked 54 home runs. Babe Ruth continued to create these records yet the athlete seemed determined to continue breaking his own records.

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He made George pitch to show him how hard it actually was, but this would quickly not go as he expected. The book, The Story of Babe Ruth, Baseball’s Greatest Legend states, “But Brother Matthias insisted that if George knew enough to make fun of another pitcher, he knew enough to pitch for himself. The brother was planning on teaching the smart-alec a lesson in humility, but unfortunately, the lesson backfired” (Eisenberg 23). Ruth would quickly become an outstanding pitcher which would eventually catch the eye of Jack Dunn, the owner of the minor league team, the Baltimore Orioles. Dunn would come by the school and see tons of potential within George Ruth and this would eventually give him his first ever contract.

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During his time there, a teacher educated him and taught him the skills of baseball. Ruth lived there for 12 years. At the age of 19, he tried out for the minor league team, the Baltimore Orioles, and made it. Since he was the owner's favorite, he was teased and nicknamed “the babe” by his teammates. He became a valued player on the Boston Red Socks, and because he was worth so much the Red Socks traded him to the New York Yankees.

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Additionally, his insane skill at baseball, and hard work to do the best he could, influenced many other people to work just as hard as he did to become successful. In conclusion, Babe Ruth was not only an extremely talented baseball player, but he was also a great person all around for loving and caring about his

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