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ECO 305 WEEK 4 ASSIGNMENT 1 INTERNATIONAL ECONOMICS

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ECO 305 WEEK 4 ASSIGNMENT 1 INTERNATIONAL ECONOMICS

International Economics Part 1

Write a 4-6 page paper in which you:
1. Explain the concept of comparative advantage and the principle theories of why trade occurs.
2. Analyze and discuss the sources of comparative advantage in national economies.
3. Analyze the international movement of productive factors in order to identify business
opportunities and/or threats.
4. Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies
adopted by national governments.