Hedging the Market Suppose that you are bidding on a tender to provide a foreign government with earth-moving equipment. The bid is due next week, the government will announce the winning bid four months later, and the equipment is to be delivered exactly one year from now. You offer to supply the equipment at 412,500,000.
International Finance International Finance Chapter 1 Comparative Advantage. Explain how the theory of comparative advantage relates to the need for international business. ANSWER: The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. Consequently, there is a need for international business. Explain how the product.
