Write My Easy-Explain how the theory of comparative advantage relates to the need for international business
- Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets.
- If perfect markets existed, would wages, prices, and interest rates among countries be more similar or less similar than under conditions of imperfect markets, and why?
- Explain how the theory of comparative advantage relates to the need for international business.
- Explain how the product cycle theory relates to the growth of an MNC.\
