• Discuss non-monetary benefits open trade has contributed to the world since the end of WWII. Provide at least 2 examples. Why do you think these are important?
• How have changes to US trade and tariff policies affected US trade with other nations? Consider recent (less than 2 years old) credible news sources to support your response.

Evaluate the reasons why the economic growth of the 2 economies varied., the countries are South Korea vs North Korea. Discuss how international trade influenced the strength of each economy. Discuss the role of value chains and value-added production.

Analyze how the failure to use value-added trade measures distorts trade statistics. For example, Boeing and Airbus airliners, Apple iPad and iPhone production, and North American integrated auto and light truck manufacturing.

Examine at least 2 industries that have provided each economy a comparative advantage in world trade.