International Trade has become a hot topic lately and after reviewing the chapters and powerpoint presentations
explain and illustrate the mutual benefits of trade.
Explain and illustrate how the terms of trade determine the extent to which each country specialize
Then finally
(Use vocabulary from your readings. Examples include: comparative advantage, absolute advantage, opportunity costs, production and consumption)
Your initial post must answer all three questions and posts must contain a minimum of 200 words. You must include citations to support your responses.
