International Economics
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and migration.
Discussion
Discuss the following in a group or as a class:
- What motivations are there to buy and sell internationally?
- What motivations are there to buy and sell locally?
- How is the phrase "the best" quite relative?
Video
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