The company newsletter is an excellent opportunity to present concepts and ideas to employees so that they are able to understand the reasoning behind business decisions.
Your boss has asked you to summarize two foundational concepts used in foreign trade – The Ricardian theory of Comparative advantage and Factor endowment.
Create an article of 1-2 pages to explain the following terms:
Ricardian Theory of Comparative Advantage
Explain how the day-by-day actions of the employees are lived out in these theories.
Provide 1-2 examples for each theory.
This will connect real life activity to theory
This is for a newsletter so the article will be brief and to the point.
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