micro economics question and need an explanation and answer to help me learn.
Read the Krugman essay and base your answers on it. The size of the Answers is 200 words per question or 1200 words in total. Important marking criteria are readability and the flow of arguments. you should find further information in the internet. Carefully consider the citation guidelines and plagiarism policy.
Requirements: short
Explain international trade according to Ricardo.
Which role does competition, in the light of comparative advantage, play in international trade?
What does productivity mean for the people?
What, according to Krugman, is the ‘high-value sector’ of an economy?
What is the influence of trade policy on job creation?
Bob says “My firm is protected by trade barrier”. Fred says “My firm is competing on the international market? Who’s firm will be better off in the long run?