WEEK 1 DISCUSSION AND ASSIGNMENT DISCUSSION Question: “Mercantilism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for loca

WEEK 1 DISCUSSION AND ASSIGNMENT

DISCUSSION

Question: “Mercantilism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption.” Do you agree or disagree with this characterization of mercantilism’s message? Support your analysis with some examples.

To earn full credit, post an initial response of a minimum of 500 words that includes at least one APA citation and the associated reference.

ASSIGNMENT

Assignment Instructions:

Do you agree or disagree with the statement that “For a world in which international trade would be based only on the differences featured in the Heckscher-Ohlin theory, the shift from no trade to free trade is like a zero-sum game”? Provide a well-reasoned analysis by evaluating the economic implications of the Heckscher-Ohlin model. In your response, consider the effects on factor prices, income distribution, and overall economic efficiency. How does this perspective align with or challenge the traditional gains-from-trade argument?

Write an essay that meets the following requirements:

· APA formatted 3-5 page long (1000-1500 words) essay. The APA assignment template is available at the bottom of this section.

· At least three scholarly sources (peer-reviewed journal articles) and a minimum of five in-text citations.

· A title page and a references page (not included in the word count).

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