1.Summarize the classical, country-based international trade theories. What are the differences between these theories, and how did the theories evolve?  2. What are the modern, firm-based...

1.Summarize the classical, country-based international trade theories. What are the differences between these theories, and how did the theories evolve?  2. What are the modern, firm-based international trade theories?  3. Describe how a business may use the trade theories to develop its business strategies. Use Porter’s four determinants in your explanation.  4. Know the different political systems.