国取际贸易实务课后习题.docVIP

Chapter 1 International Trade What are the reasons for international trade? There are three main reasons: resource reasons, economic reasons, and political reasons. The resource reasons refer to the uneven distribution of resources such as natural resources, capital, and labor. The economic reasons are explained by the principal of absolute advantage and the principal of comparative advantage. Besides, nations are motivated to trade or not to trade with each other by international and domestic political needs. What is the principal of comparative advantage? Created by David Ricardo, the pri