y is negotiating its accession to the European Union (EU). Make use of economic theory and diagrams to show the direct effects of its entry into the EU. What could be the longer-term advantages and disadvantages for Turkey? Explain.

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A: International relations researchers refer to such explanations as "unit-level," "reductionist," or…

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A: Free - Trade economy is an economy that allows the movement of goods and services without or with…

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A: China being the most populated country in the world is also one the most influential nations.

Q: explain why trade occurs among the countries?

A: International trade is the exchange of goods and services between countries.

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A: Comparative advantage is an economic concept that means to the ability of a nation, person, or firm…

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

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Q: Discuss the importance of terms of trade for countries.

A: Terms of trade refer to the relative price of imports in terms of exports.

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Q: How have changes in technology contributed to the globalization of markets and production?

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Q: What are some of the major trading regions?

A: To identify some of the major trading regions.

Q: The social well-being of a country...

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A: A country or a person exports the good in which it has a comparative advantage.

Q: Describe the U.S  role in the world economy.

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A: Answer: Argentina and Brazil will produce the good in which they have a comparative advantage.…

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A: Trade Blocs Groups of countries that form trade agreements between themselves. It may be of…

Q: Some groups of nations are forming trade blocs, like North America or Europe. Are regional trade…

A: Yes, regional trade blocs are beneficial to global trade because they reduce the likelihood of…

Q: How can economic nationalism help our country

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Q: How has the world economy and the global pandemic influence the state of the Philippines' economy?

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A: The united states can benefit from specialization and trade in several ways, as outlined by way of…