How do global political and economic conditions affect

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1. What theories of trade help to explain Russia’s position as an oil exporter? Which ones do not, and why?

2. How do global political and economic conditions affect world markets and prices of oil?

3. Discuss the following statement as it applies to Russia and Lukoil. “Regardless of the advantages a country may gain by trading, international trade will begin only if companies within that country have competitive advantages that enable them to be viable traders—and they must foresee profits in exporting and importing.”

4. In Lukoil situation, what is the relationship between factor mobility and exports?

Reference no: EM132307455

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