Answer the review questions at the end of chapters one and two.
The requirements below must be met for your paper to be accepted and graded:
- Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style.
- Use font size 12 and 1” margins.
- Include cover page and reference page.
- At least 80% of your paper must be original content/writing.
- No more than 20% of your content/information may come from references.
Use an appropriate number of references to support your position, and defend your arguments. The following are examples of primary and secondary sources that may be used, and non-credible and opinion based sources that may not be used.
- Primary sources such as government websites (United States Department of Labor Bureau of Labor Statistics, United States Census Bureau, The World Bank, etc.), peer reviewed and scholarly journals in EBSCOhost (Grantham University Online Library) and Google Scholar.
- Secondary and credible sources such as, CNN Money, The Wall Street Journal, trade journals, and publications in EBSCOhost (Grantham University Online Library).
- Non-credible and opinion based sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. should not be used.
Cite all reference material (data, dates, graphs, quotes, paraphrased statements, information, etc.) in the paper and list each source on a reference page using APA style.
- Given the total volume and importance of international trade and international exchanges, describe the implications to someone’s career in business, and to your education in particular.
- Consider two countries’ situations: Country A can produce either six automobiles or twelve movies with the same amount of re- sources. Country B, using the same resources, can produce either five automobiles or eight movies. Using Ricardo’s Theory of Com- parative Advantage, determine which country would produce au- tomobiles, which would produce movies, and the range of relative prices within which these products would trade.
- Wal-Mart is famous for requesting ever lower price points from its suppliers: if a supplier offers a product for $45.00, Wal-Mart will ask the supplier to consider introducing a similar product for $39.00. According to the Heckscher-Ohlin Factor Theory, which consequences do such requests have?
- In addition to the clusters of Silicon Valley and Sassuolo, Michael Porter identified a cluster for printing presses in Heidelberg, Ger- many, and others have written about clusters in Limoges, France, for porcelain and in Valenza Po, Italy, for gold jewelry. What char- acteristics do industrial clusters have that other cities do not have? Can you think of another industrial cluster in the United States or abroad?
- What are the elements that differentiate international logistics from domestic logistics?
- What are the principal distinct components of international logis- tics?
- What are the major costs of international logistics? Given what you read in Chapter 1 about the World Trade Organization, what trend do you expect these costs to follow?
- MRP and DRP have allowed manufacturers and retailers to carry less and less inventory. What consequences would a major snow- storm or disruption of transportation have on such Just-In-Time management systems?
- Describe the impact of international trade on your own life, using the products that you own or have purchased in the recent past.
Write a fully developed and detailed APA essay addressing each of the following points/questions. There is no required word count; be sure to completely answer all the questions for each question in detail.