Explain the theory of comparative advantage. How realistic are
the assumptions of this theory? What are the implications for
international trade of your results?
Compare and contrast the theory of absolute advantage and the
theory of comparative advantage. What is the significancr of each
in developing a nation's policies.
Thanks
What is the difference between the theory of Absolute advantage and
the theory of Comparative Advantage?Drawing
upon the
new trade theory and Porters theory of national competitive
advantage,
outline the case for government policies that would build national
competitive advantage in biotechnology, especially in the
situations of the current health crisis because of COVID
19?
Describe comparative advantage, competitive advantage and strategic
trade theory. How are they different? Use a real-world example or
come up with a hypothetical example in your description of each.
Which do you feel is better for the global good?