Explain roles and importance of geographic specialization

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1. Explain the roles and importance of geographic specialization. Is this role more important in a global economy?

2. Describe a firm you think has been highly innovative. Which of the four types of innovation—radical, incremental, disruptive, or architectural—did it use? Did the firm use different types over time?

3. Distinguish between the human capital and willing-to-pay approaches for determining the value of life in your own words. Why does the willing-to-pay approach generally estimate the value of life to be higher than the human capital approach does? Explain your answer.

Reference no: EM132279963

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