MBA 681

Task: • Differences across countries are a key reason why trad occurs: The Ricardian model (Econ/Trade Chapter 3) examines differences in the productivity of labor (due to differences in technology) between countries. The Specific Factors model (Econ/Trade Chapter 4) and the Heckscher-Ohlin model (Econ/Trade Chapter 5) examine differences in labor, labor skills, physical capital, land, or other factors of production between countries. • Trade may

Task: Please pick one or some specific concepts we learnt each week, illustrate how you will practice these concepts on a specific case that you can find. Requirement: Please provide: details of the reasons you choose a topic or concept; details of any case (personal experiences, news, articles, reports, research papers,etc.) you choose; and how the theory of decision making is reflected in this case; at least 2 (double-spaced, 12pt-font) pages n