International BusinessChapter 6:
Economic and Geographic InfluencesChapter Objectives- Identify different types of economic systems.
- Explain how natural, human, and capital resources affect a nation's ability to trade.
- Explain the stages of economic development and their effects on trade.
- Differentiate between an absolute and a comparative advantage.
- Identify geographic features and related advantages.
- Discuss the effects of location, time, and proximity.
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