Economists have been saying the world is become more connected every day. The term for this is "globalization." Economists have also argued that international trade has brought the world closer together over the centuries that trading has been ongoing.
1) What is the difference between simple international trade and "globalization." Give an example of the two in your answer.
2) Name 4 reasons a company would choose to export. Explain how each helps and give an example of each.
3) Name 3 reasons a company would choose to import. Explain how each helps and give an example of each.