hich of the following is not true of trade with other nations? Group of answer choices Trade is directly responsible for job loss and unemployment Competition abroad cuts costs and improves quality of goods produced in the United States Trade quickens the flow of ideas and technology Trade expands the menu of goods and services available to trading countries

Q: Explain why international trade is important to the economy.

A: International trade is the purchase and sale of products and services by companies in different…

Q: Factors which influence terms of trade

A: Trade implies the exchange of products and services between individuals, businesses, or countries.…

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: Explain what is meant by trade creation and how does it affect the welfare of a country

A: Trade creation means the economic phenomenon that happens when the establishment of a free trade…

Q: While the nation as a whole may gain from free trade, there is no doubt that certain regions,…

A: Answer in step 2

Q: Explain the following facts about trade based from your own understanding. Limit your response in…

A: Trade can be characterized as the idea of purchasing and selling goods and services, with…

Q: What is meant by the gain from trade. Explain in relation with international trade.

A: Introduction The exchange of products and services between two or more parties is referred to as…

Q: What do you understand about Standard Trade Model?

A: When talking about standard trade model, it is used to explain the international market using…

Q: Discuss several economic events that would increase a country’s willingness to trade.

A: A country's willingness to trade include thr ability to make exports or imports or goods and…

Q: Explain how two countries trading with which other gain from economic trade or mercantilism.

A: Globalization is defined as a process in which multinational firms, individuals, and governments…

Q: When two or more nations engage in free trade, how is the standard of livin mproved in the…

A: Free-trade is a situation where the participants of trade do not impose any restriction upon the…

Q: Which of the following refers to a two-way trade in which a country both exports and imports the…

A: Trade refers to the buying, selling, and distribution of goods and services, with the consumer…

Q: Explain the impact of intra and inter-industry trade on a country;

A: Intra industry trade implies trading based on comparative advantage ie lower opportunity cost would…

Q: Describe the economic impacts of trade.

A: Trade refers to the exchange of goods, services, and capital between countries, and it can have…

Q: explain the importance of the terms of trade to a nation and how changes in the terms of trade are…

A: Terms of trade:- The TOT is considered as a gauge of a nation's economic health, although it has the…

Q: Which of the following has not been a facilitating factor in world trade? general declines in…

A: Foreign Trade refers to the buying and selling of goods and services across the world. There are…

Q: What are the positive effects of international trade? Select one: a. stimulates and…

A: International trade allows for the free movement of goods and services across the frontiers. The…

Q: Specialization and Trade Comparative Advantage Imports and Exports Foreign Exchange Globalization…

A: The concept that affects me the most is imports and exports. This is the most important concept and…

Q: Describe benefits from international trade.

A: International trade refers to the exchange of goods and services between countries. This…

Q: Identify which trade flows each international trade theory explains. Please choose at least one from…

A: Hechscher Ohlin theory is the theory of comparitive advantage. This tells us that the country which…

Q: Explain what may cause a deterioration of the terms of trade. 

A: The proportion of a nation's export prices to its import costs is known as terms of trade (TOT). To…

Q: Choose a developing country that is starting to participate in global trade. Describe how economic…

A: Developing country is a country that has a low gross domestic product (GDP) and has got areas that…

Q: Countries use a variety of ways to protect their trade. One way is to enact tariffs, which tax…

A: The 1930 Smoot-Hawley Tariff Act constituted an important event in the history of the United States…

Q: Current trends and issues in international trade

A: Foreign trade has increased the market's competitiveness. As a result, pricing becomes more…