international business questions 2

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answer each question in half a page max.

  • 1-Name the two dimensions by which a society’s social structure is characterized and list the benefits and costs of each of the dimensions’ two extreme positions for a country’s level of economic development.
  • 2- How does the theory of comparative advantage suggest that trade between countries is beneficial to an even greater degree than the theory of absolute advantage? (i.e. demonstrate that you understand the difference between these theories)