Assignment
1- How has trade in merchandise and services changed over the past two decades? What have been the major trends? How might this information be of value to a manger?
2- A- Explain Adam smith's theory of absolute advantage.
B- how does Ricardo's theory of comparative advantage differ from the theory of absolute advantage?
3- Name some product that you believe have passed through the four stages of the international product life cycle.
4- According to theories presented in the chapter, why do companies engage in foreign direct investment?