Currently the US and China are in trade war. Does the war affect the trade activities of Philippines and Hong Kong? In a good way or in a bad way?

Q: Why would a country want to erect trade barriers such as tariffs or quotas? to expand their markets…

A: Significance of trade barriers- The major reasons for erecting trade barriers by governments is to…

Q: How trade policy works for the betterment of a country’s economy? explain in detail.

A: The trade is a process of exchanging goods and services between the seller and the buyer at a…

Q: hich theory can explain Bangladesh trade status better? Comparative Theory, Heckscher–Ohlin Theory…

A: Heckscher-Ohlin theory explains the Bangladesh trade status better, Heckscher-Ohlin theory or factor…

Q: Which country is the United States' largest trading partner in terms of volume of trade?…

A: United States is an open economy which trades with many economies of the economy. It includes many…

Q: What are some major issues on the trade war?   How does the trade war pertain to the food…

A: Trade war: It occurs when a country puts trade restrictions or high duty imports from another…

Q: Evaluate the effectiveness of artificial trade barriers, such as tariffs and import quotas, as a way…

A: Trade barriers on import will lead individuals in partially substituting domestically produced goods…

Q: In today's world, Globalization along with international trade came under attack after the spread of…

A: The effects of globalisation go well beyond only lowering trade barriers; they also include bringing…

Q: With the emerging age of trade together with the drawback of transactions due to the global…

A: Answer -  With the emerging age of trade together with the drawback of transaction due to global…

Q: Explain three possible theories of international trade.

A: International theories state to the business that sets near national borders. It is how nations…

Q: The U.S. will no longer import goods or services from other countries. It will instead focus on…

A: The international trade would result in the production of the various goods and services . The…

Q: what are the key factors that led to President Trump’s imposition of tariffs on Chinese steel and…

A: Trade: Exchange is an essential financial idea including the trading of labor and products, with pay…

Q: Which statement is NOT a common argument against free trade? It causes jobs to be lost to foreign…

A: * ANSWER : -  The answer is OPTION "D", it causes environmental damage due to fewer regulations…

Q: If Argentina has an absolute advantage in the production of wheat and Chile has an absolute…

A: Introduction The theory of absolute advantage has given by Adam smith. According to Adam smith, If a…

Q: We see quite a bit of international trade in the real world. And trade is driven by specialization.…

A: Option C is correct Option C is correct because specialization in one commodity cannot occur, a…

Q: A country's level of trade is measured by exports as a percentage of GDP.

A: The level of commerce in a country may appear to be similar to the balance of trade at first glance,…

Q: How would you compare the trade of Pakistan with other countries in the region

A: Pakistan is a member of the Asian continent and it has many multi lateral as well as bi lateral…

Q: NAFTA has improved Mexico-U.S. trade and investment, yet, bilateral trade between the United States…

A: Trade means goods and services are exported to other countries and imported from outside the…

Q: Suppose that in the absence of trade, the U.S. price for bicycles was higher than the world price…

A: In the absence of trade, if the price for bicycles was higher in the US than the world price for…

Q: Country A is increasing tariffs on steel imports to protect country A's local steel industries. How…

A: Exchange strategy is the arrangement of arrangements, guidelines, and practices by an administration…

Q: The world price of good X is $15. Under a policy of free trade the US production of good X would be?

A: Free Trade Agreement A free trade agreement can be defined as an arrangement between multiple…

Q: Ghana imports and exports food from and to neighbouring Côte d'Ivoire. The latter nation is very…

A: Ghana imports and exports food from and to neighboring Côte d'Ivoire. The latter nation is very…

Q: In the last 50 years, international trade has grown O rapidly because of fewer trade barriers. O…

A: International trade refers to the exchange of products and services among the people of different…

Q: Suppose the relative price of good A before trade is equal to one in the home country and two in the…

A: According to the question, the three is two countries home and foreign both have a different…

Q: How important is international trade to the U.S. economy? In terms of volume, does the United States…

A: Answer: America could not become a rich country unless it could sell its product its goods and…

Q: Show with examples the effect on foreign trade between China and America in the past decade

A: The United States began to build duties on Chinese imports in March 2018 and the reaction of the…

Q: what is Trump doing to end the tariff with China?

A: Last year Trump administration imposed taxes on importing items from China and the taxes would be…

Q: Suppose trade protectionism is imposed, and a tariff is introduced to the market for butter. We can…

A: Protectionism is a term used to describe government policies that limit foreign trade to benefit…

Q: "Whatever can be done by a tariff can be done by a Quota". Agree or Disagree and why?

A: A tariff is a tax implemented on imported goods. It can be specific or it can be ad valorem.…

Q: How does "The Unwinnable Trade War: Everyone Loses in the U.S.-Chinese Clash--but Especially…

A: As during the 2016 election elections, Trump often blamed U.S. trade with China and the accords that…

Q: Policymakers and economists have been trying to come up with the best policy mix to improve economic…

A: 1. Recession is one part of the economic cycle that can't be phased out it can be identified by…

Q: Producing socks is labor-intensive, while producing satellites is capital-intensive. If India…

A: When two countries involve in trade, one country ‘export’ that good in which it has ‘comparative…

Q: Are the gains from international trade more likely to be relatively more important to large or small…

A: Gains from international trade refer to the benefits that are received by economic agents when…

Q: How have the different approaches toward international trade by Ghana and South Korea changed the…

A: GIVEN    the different approaches toward international trade by Ghana and South Korea changed the…

Q: What are Paul Krugman's contributions to the International Trade Theory? what is paul krugman's…

A: Globalization had the impact of fostering and growing connections among various areas and…