Entrepreneurship Answers

Use your knowledge about the advantages of international trade to complete each sentence.International trade economic growth.International trade the specialization of goods.International trade the types of goods and services available around the world.

Which country has an absolute advantage for growing bananas?Why does this country have an absolute advantage?

Imagine that you own a company that sells computer parts.What challenges of specialization might your company face?The main materials needed for the computer parts come from overseas. One way to keep costs down for my company is to raw materials and build parts here.If the computers that use my products are replaced by newer or cheaper computers, my company will have customers.

Which country has an absolute advantage for growing bananas?Why does this country have an absolute advantage?