Define the terms globalization-comparative advantage

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a. Define the terms “globalization,” “comparative advantage,” and “outsourcing.” Discuss how globalization and the economic concept of comparative advantage relate to the practice of outsourcing.

b. Are you convinced by the argument presented in the video? Even if outsourcing is not a bad thing, do you think its benefits outweigh its costs?

c. In terms of policy, what can businesses and governments do regarding sourcing goods and services from foreign countries?

Reference no: EM13888565

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