Problem
I. Explain the importance of entrepreneurship to the American economy, why people are willing to take the risks of entrepreneurship, and outline the advantages and disadvantages small businesses have in entering global markets.
II. Identify a company that you feel does contribute to society. Explain why you picked this company and how they add to the standard of living and quality of life for all.
III. Explain the growing importance of global markets and the roles of comparative advantage and absolute advantage in global trade and list and explain the strategies used in reaching global markets and the role of multinational corporations in global markets.