Answer ONE of the following. Must be between 350-600 words. Must have intro, middle, and conclusion.

/in /by

Answer ONE of the following. Must be between 350-600 words. Must have intro, middle, and conclusion. 1. In a short essay, discuss the theory of absolute advantage and the reasons a country’s efficiencyimproves based on this theory.2. What are the four conditions in the diamond of national advantage? What are the limitations ofthe diamond of national advantage in explaining countries’ competitive advantage?3. How effective are commodity agreements?