Discuss two forms of ethical practices conducted in international trade transactions.

Q: Write short notes on International Trade theories

A: International trade refers to the purchase and sale of products and services by firms in different…

Q: It is conceivable that a country with an industry that exhibits external economies of scale, with…

A: External economies of scale occur as a result of greater changes inside the sector, resulting in…

Q: choose two transactions at random that result from international trade

A: The movement of products, services, capital, and technology between nations is referred to as…

Q: The law of comparative advantage in trade typically applies only to trade between nations and favors…

A: Comparative advantage is when one party can produce goods with lower opportunity cost. Now this…

Q: Discuss in detail the 3 key approaches to enter the international markets

A: Meaning of Market: The term market refers to the situation under which the producers or the sellers…