1. Write a short essay, discuss why the understanding of international trade theory is useful to...

1. Write a short essay, discuss why the understanding of international trade theory is useful to managers in international business.

2. What is the difference between absolute advantage and comparative advantage?

3. What assumptions underlie the theories of specialization in international trade?

What are the limitations of these assumptions?

4. Write a short essay, discuss in detail the four stages of the international product life cycle.

Expert Solution

Rahul Sunny answered 2 years ago

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