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Trade Theories

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What cultural, physical, economical, financial, and political impediments might prevent the successful application of absolute advantage trade theory?

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What cultural, physical, economical, financial, and political impediments might prevent the successful application of absolute advantage trade theory?

The absolute advantage trade theory asserts that the ability of a country to produce a particular good with lower resources than another person or country. Absolute advantage refers to the ability to produce more of a given product using a specified amount of resources. This theory was proposed by Adam Smith.
There may be several cultural impediments that may prevent the application absolute advantage trade theory. For example, a country may have an abundance of labor however social status may ...

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Trade Theories

I need help with the following, a 700 - 1,050-word paper in which I compare and contrast the following major trade theories:
? Absolute advantage.
? Comparative advantage.
? Heckscher-Ohlin factor endowment
Then, select one of the major trade theories and answer the following question: What cultural, physical, economical, financial, and political impediments might prevent the successful application of your selected trade theory? Be sure to cite your references in your paper.

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