1. How does master production scheduling impact a material requirements plan (MRP)?
2. Explain why Krugman’s “New Trade Theory” was such a radical departure from the various “Country based Trade Theories,” and how it has contributed to the reduction of effective competition in our economic system.
3. The current U.S. administration has made it clear that trade relationships between the U.S. and others will primarily be Bilateral as opposed to Multilateral. Explain the rationale for this move and why you agree or disagree.