The essay style must be persuasive.
Your essay should be about 750 to 1500 words (not including graphs, endnotes and references) in length. You should have at least three references (APA style) at the end.
Argue strongly in favor or against the statement. Make sure you have the Proposition number (the serial numbers below) and say whether you are for or against the proposition in your title (Example: “Essay Against Proposition X.”)
Adam Smith claimed that “Division of Labor” i. e., technology, is the source of all trade. But isn’t that what all modern theories of trade (from Krugman to Product Cycle Model) say? In fact, the Ricardian model is also a trade model based on technology. Why else would one country have comparative advantage over another? We have a technology-based model of trade. Countries with better technologies are more successful in trade.