ECO365 Principles of Microeconomics WEEK 5 DQ

Write between 200 to 300 words on the questions below. Follow citation rules as close as possible. 

 What is the law of comparative advantage? Do countries benefit from trade? Can comparative advantage explain all trade flows among countries? Who have been the winners and losers as a result of the North American Free Trade Agreement? Explain your answer

Write between 200 to 300 words on the questions below. Follow citation rules as close as possible. 

What are some exchange rate regimes? How does the exchange rate determine a business' competitiveness in the world economy?