Assignment task: Answer the following questions with five sentences or more:
Problem 1: Explain international trade and arguments about trade policies used by countries in the exercise of international trade.
Problem 2: Argue about the importance of international trade in the global era.
Problem 3: Explain how the adoption of international trade strategies contributes to the growth of companies and the economy of countries. When presenting your answer, integrate concepts such as: international trade, imports, exports, product life cycle, absolute advantage and comparative advantage.
Problem 4: Companies are inclined towards specialization and differentiation of their products and services. How can theories of economies of scale and product differentiation explain market trends?
Problem 5: Explain what the theories of first-mover advantage and national competitive advantage are for you. It includes examples of companies and countries that show the adoption of these theoretical assumptions.
References:
Varma, S. (2019). Fundamentals of international business (4.a ed.). Pearson Education India.