.excelsior.edu/webapps/assignment/uploadAssignment?content_id=_1904943_1&course_id=_46636_1&assign_group_id=&mode=view”>M2A1 Short Paper: Point Paper
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What are the major concepts and theories of international trade?
Students will employ the leading international trade theories to explain why and how nations trade with one another.
For a review of these international trade theories, read Chapter 6 in our textbook.
As you read the text chapter, explain the following concepts and their implications for international trade.
Absolute Advantage
Comparative Advantage
Product-Life Cycle Theory
You will prepare a two-page Point Paper answering these questions. Explain each concept and its practical implications for international trade today. The concepts will be constructed from the textbook (there are concrete answers). The implications will include your own opinions based on what you have read and analyzed. Your instructor will look for clear analysis, valid conclusions and solid recommendations for each concept and implication