Discuss the various trade theories that help explain Ecuador’s competitive position in exporting roses. Then consider how well the Ecuadorian rose industry has balanced exporting success with socially responsible business practices.

Why does North Korea choose to isolate itself economically? Why does South Korea embrace international trade? Using Adam Smith IdeasLinks to an external site. on "The Wealth of Nations" discuss the reasons why North Korea has remained underdeveloped, whereas South Korea has become highly developed.

Economists generally agree that trade restrictions are detrimental to trade and reduce government efficiency. Why then do governments restrict trade? Arguments for restricting trade include to promote national defense, to impose sanctions on other countries, to protect domestic infant industries, to create or preserve domestic jobs, to ensure fair competition, and to retaliate for unfair trade policies of other governments Match each action to the correct argument for trade intervention Limits on trade with certain countries import duties on products from a foreign country Subsidies for industries considered vital to national security Subsidies for emerging industries Counterpan on imports Argument for Intervention To provide for national defense To impose sanctions To protect infant industries To ensure fair competition To provide retaliation Action Counterban on imports Limits on trade with certain countries import duties on products from a foreign country Subsidies for emerging…

American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually lead to increased employment here in the USA?  How can there be any economic gains for a country from both importing and exporting the same good, like cars?