d. What are the gains from trade? Loaves of bread Machines

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: Determine the opportunity cost for each nation. Determine what each nation has a comparative…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Explain the economic influence China has in the world

A: China being the most populated country in the world is also one the most influential nations.

Q: Some Basic Facts about Trade?

A: Trade is a basic concept in economical activity, trade is defined as the exchange of goods and…

Q: What theory attempts to explain why Japan is strong in automobiles, Switzerland in precision…

A: International trade occurs where the goods and services flow across the countries.

Q: What is the essence of the​ "terms-of-trade" argument against free​ trade? A. A large country can…

A: The relative value or ratio between a country's exports and imports is the terms of trade (TOT). It…

Q: Free trade is controversial because a. it reduces government revenue b. it benefits only a small…

A: Free trade refers to the exchange of goods and services i.e. exports and imports without tariff…

Q: Which is not a benefit from specialization and trade? Multiple Choice World output is increased. The…

A: In a market, specialization refers to the situation when a firm tries to improve itself and produces…

Q: Trade between countries in intermediate inputs of the same final product is called -     a.…

A: Trade is defined as an exchange of goods and services between two or more parties. Domestic trade…

Q: Digital trade presents an opportunity for countries to develop. What are the factors that lead to…

A: Trade is defined as the exchange of goods and services between entities or economies voluntarily.…

Q: How does specialisation benefit the economy?

A: Specialization means getting expertise in doing some work. When a particular person does same kind…

Q: How does comparative advantage play a key role in specialization & trade ?

A: Comparative advantage refers to the ability of country to produce the goods and services lower…

Q: Examine the meaning of the word "free" in "free trade" what is free about it? who is it free for?…

A: Imports and exports are not controlled under a free trade regime. It can also be defined as the…

Q: What is world market

A: The world market is the aggregate of all national markets, seen as linked through mutual economic…

Q: What parts of the book “The Bad-Ass Librarians of Timbuktu” mention trade and globalization?

A: Timbuktu Manuscripts has a term used to cover an extensive number of historically significant…

Q: When you are doing business with a foreign country, you need to remember that A. things important to…

A: The answer is - A. Things important to you might not matter in other countries.

Q: How does trade and specialisation create winners and losers within countries?

A: The movement or transfer of goods and services from one country or entity to another in exchange for…

Q: 1. Trade patterns a. How big is world trade today in percentage of world GDP? b. When did world…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: International trade benefits a nation when      a. its revenue from selling abroad exceeds its…

A: International trade - International trade refers to the exchange of goods and services between…

Q: there are many benefits to free trade.what 2 (two) benefits do you believe are most important and…

A: laissez-faire policy is also known as free trade. laissez-faire policy refers to a policy by which a…

Q: What economic theory suggests that countries should specialize in the production of goods and…

A: The problem is to find the particular economic theory that believes through the countries producing…

Q: Why are many goods sold in the United States produced overseas, often in several counties? a. There…

A: Outsourcing is a business practice in which a company hires a third party to perform tasks, handle…

Q: what impact does international trade have on the U.S. econom

A: Since you have asked multiple questions we will answer the first one for you. International trade…

Q: How the South Korea has become one of the most industrialized and exporter country in the world?

A: South Korea has experienced one in all the most important economic transformations of the past 60…

Q: A common fallacy that is used to oppose trade is the idea that   a. “if it’s not broken, don’t fix…

A: International trade is considered beneficial for the countries as they can receive what they want…

Q: Discuss Fair Trade VS. Free Trade

A: Free trade refers to the unrestrained follow of labor, services, and goods across the country's…

Q: what groups tend to gain with free trade and which groups are the losers

A: Free trade: Free trade is one of the trade policy which means no restriction on import and export of…

Q: Who is the winners and losers from trade?  Explain with details

A: International trade refers to the purchase and sale of goods and services among businesses in…

Q: Focus on a current media source that narrows in on issues of Free Trade between the the United…

A: Free trade refers to a trade strategy that doesn't confine or restrict the imports or exports. All…

Q: what are mercentalist view on the trade

A: Mercantilism is founded on the idea that the world's wealth is constant, hence many European…

Q: xports of goods is a strategy for international companies. Which of the following is not a…

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

Q: What phenomenon DIRECTLY relates to gains from trade? a. rationality b. trade-offs c. specialization…

A: Gains from trade is the net benefit any country receives when they get involved in trading with…

Q: Triangular trade means: a. Trade between three continents - Europe, North America, and Africa

A: Triangular trade refers to the trade pattern that existed between three regions during the period of…

Q: Research about: a.)international trade b.) Trade theories c.) Three perspective d.) Modern world…

A: Comparative advantage refers to the ability of a country to produce a good or service at a lower…

Q: Explain what is the pattern of trade, by giving examples.

A: Trade patterns. Long-range path of a security or product future cost, diagrammed by defining one…

Q: What is the term for a situation in which a country can produce a good at a lower opportunity cost…

A: In international financial aspects, there are key ideas that assist with explaining why nations…

Q: Alexandra’s Production Possibilities Schedule Natalia’s Production Possibilities Schedule Number of…

A: A country or a person exports the good in which it has a comparative advantage.

Q: Which of the following follows when a nation opens up for trade and starts exporting a good? A. The…

A: Domestic producers are outlined as being either natural or legal persons based on the territory of a…

Q: explain Socialism in the world and in the Philippines

A: Economic systems are the frameworks through which a country and its people govern economic…

Q: how do some workers benefit from trade and others suffer?

A: Trade refers to the exchange of goods and services between different nations. When a nation is…

Q: To determineThe ability of a country to produce a commodity with fewer resources.

A: Efficiency refers to the ability to reduce the wastage of resources, time, energy, and money.…

Q: Trade that occurs in a particular industry is called a. intra-industry trade b. inter-industry…

A: Inter-industry trade: When there is trade of goods which belongs to different industries, then it is…

Q: When country A begins to trade with other countries, country A's production becomes: Select one or…

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