What is the difference between comparative advantage and absolute advantage in international trade?
What are some of the potential benefits of international trade?
Introduction to International Trade and International Business
Draw a unicorn eating sprinkled donuts while floating on a cloud
Scenario: Imagine two countries, Country A and Country B. Country A can produce 100 cars or 200 computers, while Country B can produce 80 cars or 160 computers in the same amount of time. Which country has an absolute advantage in car production? Which country has an absolute advantage in computer production?
Explain the difference between absolute advantage and comparative advantage in international trade.
Is it fair for companies to outsource jobs to other countries in order to take advantage of cheaper labor, even if it means losing jobs for their own citizens?
Would you rather have the ability to read minds but never be able to share what you've learned, or have the ability to control minds but only use it for good purposes?
Management Chp 4 Kohlberg
Draw a elephant sitting in a bathtub filled with spaghetti noodles, wearing a snorkel and flippers.
Draw a fun-loving octopus joyfully playing a guitar on a sunny beach.
Draw a dancing hamburger wearing a tutu and ballet shoes!
Draw a goofy, bouncy rubber ducky spinning on a unicycle!
Draw a chicken dressed in superhero gear saving donuts from evil mutant vegetables
What are some potential social and cultural barriers that companies may encounter when conducting international business, and how might these barriers impact their operations?
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