Problem 1. If free trade is intended to benefit nations why do nations restrict trade? Cite examples of "healthy" trade barriers.
Problem 2. What is a trade deficit and a trade surplus? Why are they considered so important? What are some factors that impact the numbers? What do you think it means? Give examples
Problem 3. Describe "think global act local" as a business strategy. Give examples of when it works and when it may fail. How does this strategy impact your mode of market entry when going global?