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Compared to Ricardian Trade Theory, Modern Trade Theory Provides a More

question 197

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Compared to Ricardian trade theory, modern trade theory provides a more general view of comparative advantage since it is based on all factors of production rather than just labor.

Recognize the importance of questioning preexisting assumptions and reaching out for innovation.
Identify the role of company culture in supporting or hindering innovation.
Understand the principles and practices of protecting intellectual property, including patents, trade secrets, copyrights, and trademarks.
Identify the characteristics and advantages of different modes of legal protection for intellectual property.

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