The era of Mercantilism trade theory was   Question 7 options:   1600-1900   1500-1800   1776-1876   None of the above

1.Using the concept of free trade and the 3 free trade theories discussed in the class materials, explain the difference between absolute advantage and comparative advantage. Explain the difference between free trade and fair trade. Provide an example of your own household or work experience.

I need both questions    QUESTION 9 The underlining reason behind the collapse in world trade that many economists believe seriously deepened the depression was   a. Cartel   b. Quota   c. Free trade   d. Tariffs 10 points    QUESTION 10 Hegemonic stability theorists argue that in the interwar period   a. Britain’s power was declining, but it was still the global hegemon.   b. the United States was not yet willing to be the global hegemon   c. the United States was beginning to act as the global hegemon.   d. Britain was no longer willing to be the global hegemon.