Importance of international trade and international exchange

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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.

2. Wal-Mart is famous for requesting ever lower price points from its suppliers: if a supplier offers a product for $45.00, Wal-Mart will ask the supplier to consider introducing a similar product for $39.00. According to the Heckscher-Ohlin Factor Theory, which consequences do such requests have?

Reference no: EM13841118

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