Discuss free trade 2. Compare and contrast the early theories of international trade: •… 1 answer below »

Discuss free trade 2. Compare and contrast the early theories of international trade: • Mercantilism • Absolute Advantage • Comparative advantage 3. Understand the limitations of above trade theories 4. Explain international trade based on the following trade theories: • Factor Proportions Theory • International Product Life-Cycle Theory • New Trade Theory What is international business? 2. What are the key concepts in international trade and investment? 3. How is international business different from domestic business? 4. Who are the participants in international business?