1. Independence means that countries rely on each other to meet demands for goods and services. True False 2. A multinational company's presence overseas contributes to those local economies because the company will invest in local resources, products, and services. True False

Q: Free trade always helps the exporting country at the expense of the importing country. True O False

A: Answer: False Explanation: Free trade helps both countries by improving social welfare. The…

Q: Brazil Poland Wine 10 20 Machines 10 10 The accompanying table gives maximum-output alternatives for…

A: Opportunity cost is the next best alternative.Opportunity cost shows the forgone units of one good…

Q: High-income countries can produce all products: With fewer resources than a low-income country.…

A: Ricardo's theory of comparative Advantage refers to the theory developed by David Ricardo in the…

Q: onsidering the rapidly growing presence of China in Latin America economy list why this can be a…

A: In Latin American countries, the growth of the middle class was being observed during the last two…

Q: Discuss how countries promote free trade and, in turn, protect the local economy from foreign…

A: Local economy The term "local economy" refers to the geographic location bordering your home that…

Q: In the United States, what percent of gross domestic product does international trade account for?…

A: International trade is the exchange of goods and services between countries. It is an important…

Q: lobalization of technology and communication is the sourcing of goods from different countries to…

A: Globalization is the process by which firms expand their production in international markets.

Q: Liberalization means? a. Liberating the industry, trade and economy from unwanted restrictions b.…

A: Economics refers to the study of the scarcity of resources and its implications for the use of…

Q: Please answer ASAP and in short and. The should not be copied Global value chains(GVC) account for…

A: Introduction The cross-border connections that bring a service or product from concept to market are…

Q: Explain the major benefits and drawbacks of multinationals on host economies

A: The economy that is being depicted by the jurisdiction to which a person tends to apply for the…

Q: In 1 to 2 parapgraphs, is tourism the best thing to happen to the Middle American economies or is…

A: 1. Tourism in Middle American economies can be seen as a mixed blessing. On one hand, tourism has…

Q: Describe some of the challenges of doing business with ASEAN countries? Please do fast ASAP fast

A: The Association of Southeast Asian Nations (ASEAN) is an international organisation whose members'…

Q: Evaluate 'free trade' and 'restriction' situations from the perspectives of benefits to developed…

A: Since you have asked multiple questions, we will answer only the foremost question for you. If you…

Q: Countries that trade on the basis of comparative advantage have __________ than countries that do…

A: Comparative advantage refers to the ability of the country to produce the product at a lower…

Q: what way did world economic patterns and growth change as Latin America became more integrated into…

A: The global economy, often known as the world economy, is the total of all activities that take place…

Q: While Globalization creates new opportunities for businesses and workers, it can also hurt local…

A: Globalization refers to the opening of an economy for trade and other purposes to the other…

Q: what is the importance of Foreign direct investment (FDI)  to an agriculture-producing country…

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

Q: What are Global Economic and Political reasons as to why and how the Philippines benefit from global…

A: Economic integration is a pact between countries to lower or abolish trade barriers while also…

Q: Which is a benefit of the Central American Free Trade Zone agreement? It allows all participants to…

A: The answer is - It links regional power supplies between nations.

Q: How reliant is Rwanda on foreign investment and aid? Has Rwanda shown to be utilizing foreign…

A: The exchange of capital, goods, and services across international borders or territory is thought as…

Q: A country is the only producer of a particular prescription drug. This country has a comparative…

A: The inquiry concerns the economic principle of comparative advantage, a cornerstone of international…

Q: What can a multi-national enterprise do to minimize its exposure to political risks in its host…

A: A multinational enterprise (MNE) and at times likewise called multinational company (MNC), simply…

Q: how do the legal–political, economic, and cultural environmental differences within a country affect…

A: Liberalization agreements among many countries characterize International Business. There are…

Q: Discuss your thoughts on internationalization versus born-global. Do you believe a SME should…

A: It has been guaranteed that Born Globals are incongruent with the Uppsala model, which depends on…

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: 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: Define the term development, and explain the controversy over this concept.

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

Q: Countries in a customs union must agree on common: ¨       a. languages in which they communicate.…

A: A customs union is a contract between the two or more bordering countries to lower or eliminate…

Q: As you assess the upside of expanding into Argentina, you research its existing trade agreements…

A: An economic community is a community that is formed by a group of countries to involve themselves…

Q: Which of the following statements about helping poor countries are true? a) Opening our markets to…

A: Least developed nations (LDCs) are low-income countries with considerable structural barriers to…

Q: Describe the importance of the role of the United Nations in world peace and prosperity.

A: The United Nations, established in 1945, is a global intergovernmental organization that aims to…

Q: Is it possible for a country to gain from trade even when it has lower productivity than its trading…

A: Is it possible for a country to gain from trade even when it has lower productivity than its trading…

Q: A. Countries that export a diversified selection of export products do not seem to be at much risk…

A: Since multiple questions are asked here, we will answer the first question for you. If you want any…

Q: Please explain the gains and losses from international trade. Draw the necessary graphs and explain…

A: International trade is considered as a process of an exchange of a good or service that involves at…

Q: Ukraine has to decide on a trade-policy strategy to go with other reforms for promoting development.…

A: International exchanges of goods and services encompass investments from other nations, banking…

Q: Why do businesses pursue international expansion beyond their domestic markets?

A: Companies go international because they want to expand their operations beyond domestic markets such…

Q: What would someone who supports protectionism likely say? A. The United States should end tariffs so…

A: Answer: Correct option: C  Explanation: Protectionism refers to the restriction of international…

Q: Describe the political, legal, commercial and educational relationships of Ghana with Britain, its…

A: Ghana and the UK have cordial and solid ties. Wide-ranging social, economic, and business…

Q: As an Human Resource student, choose 5 major elements of the agreement that you think can help the…

A: A "Resource" becomes "Source" when the required skills are added to a particular person. Adding the…

Q: 1. How is the world governed in the absence of a world government?

A: A government is a system of power that is put in place to manage and regulate the affairs of a…

Q: International relations: How different might the United Nations look if we were writing the Charter…

A: The Charter states that the United Nations' goal is to "keep international peace and security." to…

Q: It is important to understand the history and geography of countries. History impacts the values of…

A: The history and the geography of the countries are very important to identify the values as well as…

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…