1. How does a business decide whether to trade with a foreign country? What are the key factors for participating in the information economy on a global basis?
2. What is the difference between absolute advantage and com- parative advantage? Give an example of each.
3. Identify several potential barriers to communication when a company attempts to conduct business in another country. How might these be overcome?
4. What are the major nontariff restrictions affecting interna- tional business? Describe the difference between tariff and nontariff restrictions.
5. What are the key choices a company must make before reach- ing the final decision to go global?