Ashford BUS 357 BUS357 Week 2 Discussion 1 Trade Theory Answer
BUS357 Week 2 Discussion 1 Trade Theory
- Trade Theory. In the article, “Obama and Romney are wrong: Outsourcing is America at its best,” Bruce Bartlett argues that international trade is a win-win for both trading partners. After reading and critically evaluating the information presented and Mr. Bartlett’s point of view, discuss the following:
- Compare and contrast Mr. Bartlett’s position with the theory of absolute advantage and the theory of comparative advantage.
- Do you agree or disagree that when business leaders outsource jobs in order to reduce production costs they are harming the American economy?
- Does outsourcing jobs ultimately benefit the economy by resulting in better paying jobs for Americans?
- Support your answers and respond to at least two of your classmates’ posts.
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