chpt2

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· Yes, you should EXPLORE the questions asked of you; however, do not view the forum questions as a writing assignment.  These questions help you get started on focusing your chapter reading and will lead you to  broader discussions.

· Do NOT COPY and PASTE from the chapter or elsewhere.

Your participation in this discussion is based on your reading of Chapter 2.

In this chapter we contrast some of the theories that attempt to explain the basis for trade.  Based on your learning:

a)   Compare and contrast the mercantilist point of view with that of Adam Smith and David Ricardo?

b)   What is the fundamental idea underlying the theory of comparative advantage?

c)    Can you apply comparative advantage theory to business outsourcing?

d)   What are the advantages and disadvantages of outsourcing?