Explain about “legitimate” trade
Q: dentify and explain who will make and lose money from this tarif
A: A tariff is a levy or charge that a government imposes on imported or exported products. Usually,…
Q: Answer the question on the basis of the accompanying production possibilities tables for two…
A: Comparative cost advantage: - it is a principle of international trade given by David Ricardo which…
Q: Do international trade or treaties impact Mexico?
A: The international trade is the import and export of goods and services which is carried across the…
Q: Why do nations fight trade wars? What are their goals?
A: A trade war is a confrontation between nations over economic issues. As a result, trade barriers are…
Q: When should a company consider expanding from strictly domestic trade to international trade?
A: The exchange of goods and services within the boundaries of a single nation is known as domestic…
Q: Name and describe at least one international organization or trade agreement which has sought to…
A: International trade is described as the exchange of commodities, services, and capital across…
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: Discuss Fair Trade VS. Free Trade
A: Free trade refers to the unrestrained follow of labor, services, and goods across the country's…
Q: Why do the government sometimes intervene in international trade?
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Barriers to free trade could create a lack of confidence in the market? True or False
A: Trade barriers, like tariffs, are demonstrated to cause more economic harm than benefit; they raise…
Q: used (or are often used
A: Numerous economists support free trade. Be that as it may, in certain conditions, there are…
Q: Make the case for restricting international trade.
A: Countries place restrictions on international trade due to politics related to economics. Even…
Q: Discuss the pros and cons of free trade.
A: Although free trade and the effects of tariffs on the global economy are hotly debated topics, they…
Q: The Nigerian president decreases the amount of imported tea allowed into the country by 100 million…
A: The Nigerian president decreases the amount of imported tea allowed into the country by 100 million…
Q: What are the advantages of trade? Explain how trade impacts U.S. consumers, U.S. producers,…
A: As economies emerged, goods and services were produced that required machinery and labour. With…
Q: How do trade restrictions typically affect consumer
A: The trade restrictions lead to decline in the international trade. The trade restrictions are in…
Q: How did trade impact the production use of oil in North Africa and the Middle East.
A: In order to strengthen the economic status, oil is a important source to many countries in North…
Q: Choose a global event from the past 100 years, such as a pandemic, recession, or technological boom.…
A: With the increasing globalization of economic and trade activities, it's more important now than…
Q: Analyze and explain when a firm should consider expanding from strictly domestic trade to…
A: Countries can increase their markets and get access to goods and services that are otherwise…
Q: I'm confused on how to calculate the gains from trade. I don't know what to do.
A: If both specialise gains from trade would be 60-20=40 tons of tea.
Q: Looking at the "The gains from Trade" what are the major current and future problems facing the…
A: The benefits that people, businesses, and nations can get from engaging in international trade are…
Explain about “legitimate” trade
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