Why Japan is dependent on food import?

Q: Graph and analyze the effect of import Tariff in importing country

A: Implementation of tariff results in the creation of dead weight loss.

Q: Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower…

A: Foreign trade pattern is depending upon many factors and it is not predictable.   The trade patterns…

Q: How does a country's GDP affect trade

A: The balance of trade is one of the critical parts of a nation's (GDP) recipe. Gross domestic product…

Q: What are the Relationship between Foreign Resource and import

A: Foreign resources generally refer to the foreign investment made by the foreign investors in the…

Q: import and export?

A: Imports are the goods and services, purchased from the rest of the world by a country, rather than…

Q: What are the opportunities and threats when Malaysia chooses to grow and produce their own coffee…

A: The firms get engaged in international trade for a similar reason they take part in domestic…

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: 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: What is an export supply curve? What is an import demand curve? How do such curves relate to the…

A: Export demand curve: This is an upward sloping curve which represents the goods and services…

Q: how do trade agreements affect the US economy?

A: Trade agreements are defined as contractual agreements between states or countries concerning their…

Q: Is it legitimate to impose higher safety standards on imported goods that exist in the foreign…

A: Imposing higher safety standards on imported goods in favour of unsafe consumer products argument…

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: What do you call the Taxes imposed on goods exported from or imported to a country?

A: In an economy, taxes are classified into different categories according to the activity performed by…

Q: Discuss the difference between export and import comprehensively

A: Introduction:  Important and export both international procedure

Q: In 2015, the European Commission proposed giving individual member states the right to ban imports…

A: Genetically Modified Organisms(GMO) are products that have been worked on in laboratories to…

Q: In Italy, build an argument for increasing exports (imports) of some category of goods or services…

A: Italy's exports increased by 7% year on year to reach an all-time high of EUR 448 billion. Machinery…

Q: What is it called when country import prices gain relative to that of its export prices?

A: Terms of trade (TOT) address the proportion between a nation's fare costs and its import costs. At…

Q: What are the main imports and exports of Venezuela?

A: Venezuela's economy is mainly reliant on petroleum, and it is currently in a condition of utter…

Q: Have the Trump tariffs damaged US trade relations with the EU?

A: The Trump Administration's trade policy is motivated by the perception that prior governments have…

Q: When China's clothing industry expands, the increase in world supply lowers the world price of…

A: The theory of comparative advantage was developed by David Ricardo and according to the theory of…

Q: export/import

A: A country has comparative advantage in producing a good if opportunity cost of producing that good…

Q: Both the United States and global economies are booming. Will U.S. imports and/or exports increase?

A: The business cycle represents those periods of cyclical fluctuations that occur in an economy in…

Q: How much natural gas does South Korea import?

A: Imports refer to the international trade where the goods or services flow from the foreign countries…

Q: Why exports of fish and fish products are essential to the economies of many countries and regions?

A: According to Secretary of Commerce Wilbur Ross, recreational and commercial saltwater fishing in the…

Q: why the production subsidy does not change world prices, but the export subsidy can do?

A: By partially compensating production costs or losses, a production subsidy motivates suppliers to…

Q: Producing socks is labor-intensive, while producing satellites is capital-intensive. If India…

A: When two countries involve in trade, one country ‘export’ that good in which it has ‘comparative…

Q: evaluate the benefits if increasing trade between africa and china for africa

A: Ans in step 2

Q: Do you think that the United States should phase out dependence on imported oil?

A: Do you think that the United States should phase out dependence on imported oil?   Yes, I personally…

Q: country has a trade surplus when

A: THE COUNTRY HAS A TRADE SURPLUS WHEN - EXPORTS EXCEED IMPORTS

Q: “When a nation is running a trade surplus, capital is flowing out of the country.” Do you agree with…

A: Trade is in surplus when the export of a country is more than it imports. The trade balance is…

Q: Explain what may cause a deterioration of the terms of trade. 

A: The proportion of a nation's export prices to its import costs is known as terms of trade (TOT). To…

Q: Of the following countries, which is the most dependent on imported oil?   a. Japan   b. The…

A: petroleum-based industries portray a wide scope of regular hydrocarbon-based substances and refined…