BUS 357 BUS/357 BUS357 Week 2 Discussion 1 Trade Theory

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BUS 357 BUS/357 BUS357 Week 2 Discussion 1 Trade Theory

1. Trade Theory. In the article, “Obama and Romney are wrong: Outsourcing is America at its best,” Bruce Bartlett argues that international trade is a win-win for both trading partners. After reading and critically evaluating the information presented and Mr. Bartlett’s point of view, discuss the following:
1. Compare and contrast Mr. Bartlett’s position with the theory of absolute advantage and the theory of comparative advantage.
2. Do you agree or disagree that when business leaders outsource jobs in order to reduce production costs they are harming the American economy?
3. Does outsourcing jobs ultimately benefit the economy by resulting in better paying jobs for Americans?
2. Support your answers and respond to at least two of your classmates’ posts.