Short Answer Questions 1) it is argued that if a rich high wage country such as the United States were to expand trade with a relatively poor and low wage country such as Mexico, then U.S. industry would mikrate south, and U.S. wages would fall to the level of Mexico's. What do you think about this argument? 2) International trade theory implies that international trade is beneficial to all trading countries However, casual observation leads to the conclusion that official obstruction of international trade flows is widespread. How might you reconcile these two facts? 3) In the past half century, the developing countries have experienced major compositional shifts from exports of primary products (including agricultural and raw materials) to exports of manufactures. How might you explain this in terms of broad historical developments during this period? 4) When comparing the composition of world trade in the early 20th century to the early 21st century, we find major compositional changes. These include a relative decline in trade in agricultural and primary-products (including raw materials). How would you explain this in terms of broad historical developments during this period? 5) When compared with China, the growth of clothing exports originating in Bangladesh clearly illustrates the Ricardian model of comparative advantage. Discuss and explain