Please explain how trade and investment affect economic and social development. Provide an example of a country that had economic and social development from trade and investment. Also provide an example of a country that receives little to no trade and/or investment and is economically less developed.
Explain and discuss Theory of Absolute Advantage. How does it differ from the Theory of Comparative Advantage? You may pattern it from your text or other sources, but you are required to make up your own example to show understanding. Please be sure to cite your sources.
Does it make sense for the Gilley family (or any family) to strive to only “buy American”?
Why should managers regularly monitor the BOP of the country in which their business operates? Use the US and China as the example for your response.