hy is it important for international business people to understand international trade theory? (Mark all that apply.) Group of answer choices Location: Different counties have different specializations and efficiencies. First-Mover Advantages: The first one in a new market has a clear advantage over its competitors. Government Policy: Business can exert a strong influence over government policies in regards to international free trade. Xenophobic Advantage: Companies that successfully create fear and hatred toward other cultures will win the domestic market