International financial management TABLE OF CONTENTS Question 1 3 Question 2 3 Question 3 3 Question 4 5 Question 8 5 References 6 Question 1 Within the economic model, competitive advantage is gained by agents over other competitions while producing a specified commodity, if they can generate that commodity at a relatively lower opportunity cost or an independent price that is at a relatively lower cost earlier than trade. Question 4 The impossible trinity is a theory in global economics stating that it is not possible to conduct these three aspects at the same