For this assignment, write an essay that addresses each of the following points:

 

1. Choose five U.S. government policies that affect trade with foreign nations. Identify three factors of production, and describe how their mobility is good or bad for U.S. trade

 

2. Distinguish between absolute advantage and comparative advantage trade theories and give examples

 

3. Choose either the TPP or the T-TIP free trade agreement and describe which other countries have signed on and why the U.S. Senate should ratify or not ratify the agreement. Also, explain how regional trading groups influence organizations.

 

Your essay submission should be a minimum of three pages in length in APA style; however, a title page, a running head, and an abstract are not required. You are required to use at least two scholarly sources for this essay. Your responses to the three prompts must be in paragraph form. Be sure to cite and reference all quoted or paraphrased material appropriately in APA style.