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©2004 Prentice Hall6-1 Chapter 6: International Trade and Investment Theory International Business, 4 th Edition Griffin & Pustay
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Chapter 6: Prices Section 1. Objectives 1.Explain how supply and demand create equilibrium in the marketplace. 2.Describe what happens to prices when
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PRIVATE ECONOMIC EFFICIENCY A KEY TO PROFITABILITY
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6-1 International Trade and Investment Theory. 6-2 Chapter Objectives_1 Understand the motivation for international trade Summarize and discuss the differences
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©2004 Prentice Hall6-1 Absolute Advantage Export those goods and services for which a country is more productive than other countries Import those
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