International Business
What is the difference between absolute advantage and comparative advantage? two example
Identify several potential barriers to communication when a company attempts to conduct business in another country. How might these be overcome?
What are the major nontariff restrictions affecting interna- tional business? Describe the difference between tariff and nontariff restrictions.
2 references
indicate questions
…………….Answer Preview…………..
Comparative advantage can be identified as the capability of a party to produce a service or a good at a lower opportunity and marginal cost over another. For example, Edwin and John are roommates and planning on cleaning the house and cooking magnificent dinner for their friends. Each is better is a single activity (Kurtz & Boone, 2009). Edwin is equipped with the chef capabilities of cooking significantly well. John, on the other………….
APA
401 Words