Theory of absolute advantage-what are the pro-cons of each

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Explain theories: Mercantilism, Theory of Absolute Advantage, and Theory of Comparative Advantage- please compare and contrast. What is your understanding of each theory? What are the pro and cons of each? Do these theories help answer the question of why countries trade and engage in FDI (Federal direct Investment)? Why or why not?

Reference no: EM131048689

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