Q: What are the factors that affects the national trade patterns
A: Since resources are scarce and want unlimited, not all countries and always equipped with adequate…
Q: Which of the following statements about trade is TRUE? A) The combined trade volume of the United…
A: An exchange of a product or service between at least two nations is referred to as international…
Q: How do two countries benefit from trading with each other?
A: Countries generally do trade with other countries when they have a lack of resources, to satisfy and…
Q: how can countries attain/account for trade equilibria when involved in trade transactions?
A: Getting involved in trade transactions means trading in the goods and services with the rest of the…
Q: What are the problems faced during determination of terms of trade?
A: In economics, the terms of trade relate how much {how much what proportion |what quantity} cash a…
Q: Why is the net gain from international trade positive?
A: gain from international trade is positive because in the import market the increase in consumer…
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: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed…
A: ANS If the total amount of goods & services a country imports from other countries of the world…
Q: globalization be harmful and beneficial. If I were to ask you is it beneficial or harmfu
A: Globalization- It is the process that affects the lives of people and economies of nations.…
Q: What three factors will determine whether a nation has a higher or lower share of trade relative to…
A: GDP which is known as Gross Domestic Product refers to the total market value of all final…
Q: When does a society become an exporter of goods and an importer?
A: International trade is when two economies are agreed to make purchase or sale of various…
Q: Countries with the highest ratios of trade to GDP, calculated as (imports + exports)/2, tend to…
A: b Highest gains from trade Trade-to-GDP ratio is refer to the indicator in the relative…
Q: What factors determine a country’s level of trade? What is the difference between the balance of…
A: A country's balance of trade is an important component of its balance of payments and a key…
Q: When does a country become an exporter of a good?An importer?
A: International trade occurs when different countries exchange different goods and services with each…
Q: Why do countries often protect their economies from imports?
A: Imports and exports of goods and services are made in an open economy where a sale of good to…
Q: Why Japan is dependent on food import?
A: Definition: An import is a decent or administration purchased in one country that was delivered in…
Q: GDP of a country has an effect on trade’. Why ? Explain by giving examples. What are the other…
A: GDP and trade are positively related to each other higher the GDP higher will be the trade and…
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: What is a free trade zone?
A: Free trade zones are a type of special economic zones which are free of fees related to trade like…
Q: Which is better for a country—to export more or to import more?
A: Export refers to the selling the good produced in one country to another country. The seller of the…
Q: If a country's GDP is $10 trillion, its exports are $1 trillion, and its imports are $1.5 trillion,…
A: As given GDP = $10trillion Exports = $1trillion Imports = $1.5 trillion
Q: WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER…
A: In a country, the production process is one of the driving factors because economic growth depends…
Q: What are some of the major trading regions?
A: To identify some of the major trading regions.
Q: How do international trade agreements help businesses in the U.S.
A: When two or more nations finalize and are on the same terms of trade, they determine the tariffs…
Q: Who loses when a country imports cheaper goods from abroad?
A: In am economy, people generally make import of goods and services that are available at lower price…
Q: Is trade within the US a significant component of development?
A: Trade is one of the most important component in US. It is critical for US as it is fueling economic…
Q: How big are exports and imports as a percentage of current GDP?
A: Total national output (GDP) is the gross market value of the total goods and services produced…
Q: Why high tech exporting by SME's is more profitable and valuable than by non high tech goods.
A: High tech exporting by SME's is more profitable and valuable than by the non-high tech goods, due to…
Q: A hypothetical economy exports 100 units worth of goods and services and imports 65 units worth of…
A: Export are domestic goods and services which are purchased by foreigners Import are foreign goods…
Q: What is the importance of the terms of trade?
A: Introduction - A key economic indicator of a company's health based on its imports and exports is…
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: raw graph of US trade possibilities frohtier on the graph
A: Ricardian Model: A Ricardian model assumes there are two units of production preferably two…
Q: export/import
A: A country has comparative advantage in producing a good if opportunity cost of producing that good…
Q: American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually…
A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…
Q: Would free trade occur with a small agricultural country and a large industrial country?
A: Free trade policy is an agreement among the countries that provide them free import and export…
Q: How does the production of cash crops affect the people of the exporting country and the importing…
A: The cash crop is the crops that are sold by the farmer after harvesting to earn profit. These crops…
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: country has a trade surplus when
A: THE COUNTRY HAS A TRADE SURPLUS WHEN - EXPORTS EXCEED IMPORTS
Q: trade
A: Trade depicts the interchange of goods and services among the countries/ states/ regions in returns…
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