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Classical and modern theories of international trade

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Reference no: EM133267298

1. Using the resource-based and institution based views explain why nations trade.

2. Describe the classical and modern theories of international trade.

a. mercantalism

b. absolute advantage

c. comparative advantage

d. product life cycle

e. strategic trade

f. National competitive advantage of industries

3. Explain tariff and non-tariff barriers.

4. Discuss the economic arguments against free trade.

5. Explain the political arguments against free trade.

Reference no: EM133267298

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