Answer two questions and reply to three

Can you help me understand this Economics question?


      1. What is the logic of comparative advantage? According to this logic, why is it economically beneficial for the U.S. to import apparel from China and for the latter to import computers from the former? Be specific in your discussion.
      2. What are trade bargaining and bargaining power? What were the two main groups that engaged in trade bargaining during the Doha Round? Discuss also the ethical implications involving the bargaining process.
      3. What is the Prisoners’ Dilemma and what does it postulate about trade cooperation among states? Be specific in your discussion.
      4. Under what conditions is trade cooperation among states likely to occur? How does Pareto Optimality explain the outcomes of trade cooperation?
      5. How does the WTO’s dispute settlement mechanism work? Are the decisions of the WTO binding? Explain also the leadership role of the WTO.

Threaded Discussion Requirements:

  • You are required to answer two of my questions, thus starting two new discussion threads for other students to reply.
      • Each answer to my questions should be in at least 300 words, totaling 600 words for both answers.
        • Greetings or compliments will not be counted toward the length requirement of each thread.
      • Each answer should be posted separately.
        • Thus, you should have two separate threads for each discussion.
      • Both answers to my questions should be posted by no later than Friday of the discussion week.
        • This is done to provide you sufficient time to reply to your classmates’ answers.
  • You are required to use the textbook as the primary course of information.
      • External source may be used to enrich your responses; however, such use should be secondary.
      • Your answers should demonstrate to me that you have both engaged and critically thought about the readings.
  • You are required to reply to at least three other students’ discussion threads.
      • Each reply to your classmates’ threads should bein at least 100 words, totaling at least 300 words for all three replies.
        • Each reply should be substantial and discuss related ideas or concepts
        • Greetings or compliments will not be counted toward the length requirement of each thread or reply.
  • You are required to provide in-text citations and references in the 6th edition of the APA writing format.
      • In-text citations for the textbooks or any other source of information should include (1) the author last name(s), (2) publication year, and (3) page number (s)., i.e. (Oatley, 2019, p. 37).