Reference no: EM131068915
Hello Sir
As last time, I need 3 different questions for this but please don't forget my professor comments for week 2. I sent you it last time and for week 3, the fast you followed what she commented I got a good grade. I need the same please.
her comment: requirements are for at least three different postings on at least three different days for each topic. You need one full paragraph of your research and one full paragraph of your ideas for each topic.
Economists Smith, Ricardo, and Heckescher-Ohlin (graded)
Economists Smith, Ricardo, and Heckscher-Ohlin, as outlined in the text, propose that it is beneficial for a country to engage in international trade even for products it is able to produce itself.
- Why do the economists believe that it is beneficial (for example) for Americans to buy foreign cars?
- You base your purchases on several criteria including cost. Is one of your criteria where the product was made? Why or why not?
- Is free trade beneficial to everyone? If not, who does free trade hurt the most?
Class,
There are many reasons why nations trade with each other and many different theories explaining trade flows between nations. Many economists believe that unrestricted free trade between nations will raise the economic welfare of countries that participate in a free trade system. Some theorists maintain that government can play a proactive role in promoting national competitive advantage in certain industries and the important implications that international trade theory holds for business practice. International trade allows a country to specialize in the manufacture and export of oducts that it can produce efficiently, and import products that can be produced more efficiently in other countries. Smith, Ricardo, and Heckscher-Ohlin show why it is beneficial for a country to engage in international trade even for products it is able to produce for itself. Do you agree with the assumptions of the Ricardian model? Why? Discuss with your classmates (one full paragraph)/Research (one full paragraph)/Source in proper APA format.