answer the questions
please look at the file its has an example to answer the first question
Q1 / Provide a clear definition and significance of the following terms
1- Comparative Advantage
2- WTO
3- Bandwagoning
4- IMF
5- Genocide
Q2 / Write a short answer to the 5 questions below
What is an international monetary regime? What are the three main international monetary regimes that have shaped the international political economy?
What is the role of multinational corporations in foreign direct investment? Discuss.
Evaluate the Pre-World I alliance system. What was the logic guiding this alliance system?
Outline the causes of the 2008 recession in the United States.
Why has the United Nations been incredibly ineffective as a collective security organization in preventing conflict?
Solution Preview
QUESTION 1
Comparative Advantage
Definition
Comparative advantage can be described as an instance where a given party which is usually a country, produces a certain commodity either a good or a service at a relatively lower opportunity cost than the other countries that can be involved in the trade.
(1,665 words)