Explain the economic influence China has in the world

Q: Which of the following is international trade? a. Trade between regions b. Both (b) and (c) c.…

A: International trade is very beneficial for the economy of a country because it influences the GDP of…

Q: Economic Dimension of Globalization Global Economic Order in the Early Years The…

A: Globalization is the process by which the economies of several countries become intertwined,…

Q: What is your own global story? Topic is about globalization

A: Globalization can be defined as a word which is used to portray the developing relationship of the…

Q: explain why trade occurs among the countries?

A: International trade is the exchange of goods and services between countries.

Q: How does the production of "Coconut Coir" affect the economy of one "country"?

A: The palms with the best importance in world business are the coconut and the African oil palm; both…

Q: What is globalization of trade and how does it affect the economy

A: Globalization is the global integration and interaction among people of different countries. It…

Q: THE WORLD IS LIKE A WASHING MACHINE… a. The world is like a washing machine; it goes round and…

A: Globalization is the process through which the movement of goods and services take place around the…

Q: You are given a brief about Ghana highlighting the following points: About half of Ghana’s…

A: The nations around the globe interact with each other on a regular basis in regard with the…

Q: List what kinds of changes happened to North America and to those who inhabit there from the 19th…

A: After 1776 American economy became a independent economy , many years ago people settle in America ,…

Q: “The world’s poorest countries cannot find anything to export. There is no resource that is…

A: A comparative advantage, when joined with streamlined commerce standards, permits even little,…

Q: n what way is applied economics important in tackling economic issues of the country?Philippines

A: In Philippines the applied economies has been determined in the likely outcomes and it is possible…

Q: Why do countries produce local goods when it is cheaper to import

A: The economist around the world argues that the free trade is the best for every economy as it…

Q: Write a paragraph in which you briefly describe how globalization affects  daily life.

A: Globalization refers to the opening of the domestic economy to the world economy. It includes flow…

Q: Write down (5) micro and macro effects of globalization to an individual and (5) micro and macro…

A: Micro and macro effect of Globalization on individual:- 1) It raises the individual's level of…

Q: “…it is impossible to separate the globalisation of trade and capital from the global movement of…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Outline why the culture of a country might influence the costs of doing business in that country.

A: Cultural influences influence how people are handled based on their values and priorities, which has…

Q: How have changes in technology contributed to the globalization of markets and production?

A: Globalization refers to the openness of economies to make an exchange of economic goods, cultural…

Q: If a country produces more food and electronics than another country does it have a comparative…

A: Theory of comparative advantage was given by David Ricardo. According to David Ricardo gains from…

Q: Discuss the importance why one

A: Nations exchange with one another when, all alone, they don't have the assets, or ability to fulfill…

Q: “The world’s a stage; each plays his part, and takes his share” – Dutch proverb. Briefly discuss…

A: Globalization is that the word wont to depict the developing reliance of the world's economies,…

Q: hy we have more of Eastern influence than western influence

A: Answer is given below

Q: What are the ultimate reasons for analysing the economic performance of a country or market

A: The focus of economic analysis is on determining costs and benefits.To aid resource allocation, it…

Q: From the list of nations below, discuss the type of economic system used in each nation. Also…

A: There are three types of economic system. 1. Free Market Economy.  2. Centrally Planned Economy.  3.…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Given information Ghana is agricultural dominated country. It's 50% population is working in…

Q: The desire for profit can end up pushing countries toward producing goods in which they have a…

A: If there is comparative advantage for a particular good in a particular country,there would be more…

Q: What type's of goods and services should the United States produce based on its comparative…

A: Comparative advantage refers to the production of goods and services at a lower opportunity cost…

Q: Background Imagine that you work for the World Bank and you have been called to Ghana to aid the…

A: An international strategy indicates focusing on exporting products and services to foreign markets,…

Q: A country that engages in no foreign trade is said to be in a situation of... a. Reciprocal absolute…

A: Absolute advantage - A country has an absolute advantage when it produces larger amount of the good…

Q: explain the importance of the terms of trade to a nation and how changes in the terms of trade are…

A: Terms of trade:- The TOT is considered as a gauge of a nation's economic health, although it has the…

Q: . The model that trade can make everyone better off applies to: Group of answer choices A. countries…

A: trade empowers nations to encounter monetary development and a rising way of life by expanding…

Q: Explain how free trade improves global efficiency. Thank you...

A: The free trade would result in the exchange of various goods and services between one or more…

Q: Most of the​ world's goods and services are still sold​ in_______________. A) the countries where…

A: When the firm produces goods and services in a nation then its aim of generating maximum revenue is…

Q: Why export plays important role in the economy? (

A: Exports are goods and services that are created in one nation and offered to purchasers in another.…

Q: What are the Economic Effects on the Country that were involved in this Case?

A: The nations around the world tend to interact with each other. The nations involved in trading…

Q: Some groups of nations are forming trade blocs, like North America or Europe. Are regional trade…

A: Yes, regional trade blocs are beneficial to global trade because they reduce the likelihood of…

Q: What are the causes of these economic problems and how can our government solve them? (10 sentences…

A: The unemployment is situation which is shows the number of people who are actively looking for job…

Q: Give an example of how a nation's culture affects its economic system.

A: An economic system is a way for governments or communities to distribute and organise resources,…

Q: Background Imagine that you work for the World Bank and you have been called to Ghana to aid the…

A: Ghana, a developing country, tries to shift from agriculture to manufacturing. Its economy is highly…

Q: trade

A: Trade depicts the interchange of goods and services among the countries/ states/ regions in returns…

Q: How can you say that a country participates in the global market?

A: A global market is one in which one country's goods and services are traded (bought or sold) to…