Describe how India and China are market economies.

Q: Discuss whether a government should always pursue a policy of free trade

A: The capacity of countries to import and export goods without tariffs or other restrictions is…

Q: Explain what is meant by the globalization of markets. Provide an example. What are the most global…

A: Globalization in simple words we means to say that doing the business all over the world or globally…

Q: Ways in which China has a socialist market economy?

A: The term "economic system" refers to the many laws and ordinances that make up the economy. In terms…

Q: Use the table below to answer the question. Production Chart Lemons Limes Country A 55 66 Country B…

A: Opportunity cost of producing a good is a decrease in production of other good needed.

Q: Week 11 Homework You must submit your assignments as a Microsoft Word document. Microsoft Word is…

A: Comparative advantage:- The ability of a country to produce goods at lower opportunity cost than…

Q: Do local entrepreneurs in the philippines can sustain and expand in the global markets? explain why

A: Entrepreneurial activities can have an impact on a country's economic performance. They can…

Q: You are in the business school, so here is a business problem. You can import and export goods from…

A: Purchasing Power Parity (PPP) is an economic theory and exchange rate regime that relates the…

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 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: What is the opportunity cost of moving from point C to point B

A: The economics as a study is based upon the basic idea that the resources which are present with the…

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: How does free trade influence the comparative advantage between countries?

A: Comparative advantage is an economic theory that explains how countries can produce a particular…

Q: Explain the difference between absolute and comparative advantage in relation to trade and give an…

A: Absolute advantage and comparative advantage are two important ideas in worldwide business and…

Q: When countries trade with each​ other, does it result in a gain for​ everybody?

A: International trade alludes to the exchange of products and services across national boundaries. It…

Q: What are the main arguments for free trade?

A: The international trade refers to the sale and purchase of different goods and services across…

Q: Growing Oranges Growing Bananas Jesse 400 200 Кayle 300 200 Who has the absolute advantage and why?…

A: Absolute advantage refers to the ability to produce more goods using same resources or same quantity…

Q: In what ways has free trade helped the economy? In what ways has free trade hurt the economy?

A: Trade takes place between countries. In trade there is export and import of goods and services…

Q: The market economy does have the advantage of increased efficiency, productivity, and innovation.…

A: A market economy is an economic system where the production, distribution, and pricing of goods and…

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: hat are examples of free-market economies?

A: Below are the three types of economies:1. Free market economy2. Command economy3. Mixed economy In…

Q: How do countries deal with the problem of wanting neither a pure market nor a pure command economy

A: Introduction pure market economy with the scarcity, the problem of what to produce, how to produce…

Q: What are the advantages of a free market economy?

A: A free market is a type of market economy where prices for all goods and services are regulated in…

Q: Describe three different kinds of economic systems.

A: Different kinds of economic systems include;    1. A command economy    2. A market economy   3. A…