Business, 25.04.2020 01:07 Randomkid0973

1) Given the total volume and importance of international trade and international exchanges, describe the implications to someone’s career in business, and to your education in particular.

Q2) Consider two countries’ situations: Country A can produce either six automobiles or twelve movies with the same amount of resources. Country B, using the same resources, can produce either five automobiles or eight movies.
a- Which theory of international trade would maximize the total production?
b- Determine which country would produce automobiles and which country would produce movies.
c- Draw the production possibilities frontier for this case.

Q3) Wal-Mart is famous for requesting ever lower prices from its suppliers: if a supplier offers a product for $45, Wal-Mart will ask the supplier to consider introducing a similar product for $39.
Which International Trade theories would support this requests, and which consequences do such requests have?

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