Why was it economically important for Britain to take tea from China and how does it promote self-sufficiency?

Q: when romania opened itself to international trade, the price of corn in romania almost doubled.…

A: Theory of Comparative Advantage -:…

Q: Export marketing is the integrated marketing of goods and services that are destined for customers…

A: Globalization, e-commerce, and other factors have all contributed to a recent surge in international…

Q: Why do countries place restrictions on international trade?

A: Introduction :  The exchange of commodities and services between countries is known as international…

Q: What would a country profile for Columbia include, specifically looking at: Size, Climate,…

A: South America's economy encompasses farming, mineral extraction, and producing goods, and services.…

Q: Why Japan is dependent on food import?

A: Definition: An import is a decent or administration purchased in one country that was delivered in…

Q: A country is the only producer of a particular prescription drug. This country has a comparative…

A: The inquiry concerns the economic principle of comparative advantage, a cornerstone of international…

Q: Should foreign corporations be allowed to invest in U.S. industries without any restriction? What…

A: The markets are the place where the buyers and the sellers, or the firms tend to meet and interact…

Q: How can businesses determine the attractiveness of a foreign market?

A: The term market attractiveness is a concept that practices many factors to determine whether or not…

Q: Why do consumers in the United States pay more than double the world price for sugar?

A: This is true that consumers in US pay more than double the world price for sugar.

Q: How do intellectual property protections differ between India and China?

A: Intellectual property is a sneak up word for a collection of intangible assets or non-physical…

Q: Would the U.S. government gain any advantage from using tariffs or quotas to restrict imports?

A: Trade restrictions: -trade restrictions are the barriers imposed on international trade by the…

Q: How much natural gas does South Korea import?

A: Imports refer to the international trade where the goods or services flow from the foreign countries…

Q: American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: Why does australia have a comparative advantage in producing wheat?

A: Comparative Advantage:- The capability to manufacture commodities and services with a reduced…

Q: Would the car company toyota prefer liberization or protectionism? Why would they choose one over…

A: In an economy, Liberalization refers to the opening of the economies for trade activities, while…