Re: Please Help Me

Posted by aspirant on 2007/6/28 18:33:06

Dear Mr Geoette

My heartiest congratulations to you for having such an outstanding offspring. Do you mind telling me what did your son pursue at Stanford? God willing, maybe I can learn from him.

I have another question in economics that needs help. Can Mr Glotynn and your good self render assistance please? Mr Glotynn once said that he is a merchant engaging in International Trade. Perhaps he can answer this question best.

Thank you again gentlemen.

Without international trade we would all be much poorer. There would be some commodities and merchandizes that we would simply have to go without. There would also be some items that could be produced at sub-standard qualities and inefficiently.

Explain why international trade has the potential to benefit all participating countries. Your answer should place emphasis on the following:-

a. Free Trade
b. The Law of Comparative Advantage
c. The Advantages and Disadvantages of Trade
d. Arguments on Trade Restrictions, and
e. Other pertinent factors that may help you to examine International Trade as a whole.

NB : Your word game is really fascinating. It takes a person with strong vocab to play this game well. It is no wonder that there are so much talented people here.