Discuss the importance why one

Q: Should we focus our efforts on foreign investment or domestic investment ?

A: Introduction: Foriegn investment: A foreign investor's investment in local firms and assets of…

Q: What are the problems faced during determination of terms of trade?

A: In economics, the terms of trade relate how much {how much what proportion |what quantity} cash a…

Q: What aspects of the international economy are different to those of a single economy? What…

A: In a single economy, there is less competition than the international economy.

Q: How does a country's GDP affect trade

A: The balance of trade is one of the critical parts of a nation's (GDP) recipe. Gross domestic product…

Q: What is your own global story? Topic is about globalization

A: Globalization can be defined as a word which is used to portray the developing relationship of the…

Q: Do you think it is important for the Philippines to join a trade organization? Why or why not?

A: The World Trade Institution (WTO) is the sole international organisation that deals with global…

Q: “The world’s a stage; each plays his part, and takes his share” – Dutch proverb. Please state what…

A: Basics of Globalization :- Globalization means making the globe a united territory where all nations…

Q: How will you explain each of the basic questions on trade, development, and industry?

A: Trade is considered as one of the basic economic concepts that involve the purchasing and selling of…

Q: What three factors will determine whether a nation has a higher or lower share of trade relative to…

A: GDP which is known as Gross Domestic Product refers to the total market value of all final…

Q: What factors determine a country’s level of trade? What is the difference between the balance of…

A: A country's balance of trade is an important component of its balance of payments and a key…

Q: When does a country become an exporter of a good?An importer?

A: International trade occurs when different countries exchange different goods and services with each…

Q: As a businessman, explain how globalization affects the importation and exportation of products.

A: The flow of products, technology, information, and jobs across national borders and cultures is…

Q: Why production factors move internationally? Thank you

A: Factors of production or economic resources are the major building blocks of production in an…

Q: what way did world economic patterns and growth change as Latin America became more integrated into…

A: The global economy, often known as the world economy, is the total of all activities that take place…

Q: how do trade agreements affect the US economy?

A: Trade agreements are defined as contractual agreements between states or countries concerning their…

Q: Why do countries produce local goods when it is cheaper to import

A: The economist around the world argues that the free trade is the best for every economy as it…

Q: What is a free trade zone?

A: Free trade zones are a type of special economic zones which are free of fees related to trade like…

Q: Outline why the culture of a country might influence the costs of doing business in that country.

A: Cultural influences influence how people are handled based on their values and priorities, which has…

Q: WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER…

A: In a country, the production process is one of the driving factors because economic growth depends…

Q: discuss relationship distance and Income with trade

A: Distance has long been seen to be an important factor in determining the direction of international…

Q: what is the role of Christianity, Islam, Hinduism, Buddhism, Judaism in conducting international…

A: Historically, religion, which is a set of systematic beliefs that influence human behavior, has been…

Q: write your own definition of globalization and how did you come up with it?

A: Globalization: When one or more than one economy-related by transferring the goods and services…

Q: Agreement on Trade in Services (GATS) to a WTO member country

A: GATS stands for General agreement on trade in services and WTO stands for World trade organization

Q: Who loses when a country imports cheaper goods from abroad?

A: In am economy, people generally make import of goods and services that are available at lower price…

Q: Is trade within the US a significant component of development?

A: Trade is one of the most important component in US. It is critical for US as it is fueling economic…

Q: Why does the government create trade barriers if they can potentially hurt a worker in an economy…

A: Since you have asked multiple questions, we will answer the first two questions for you, since the…

Q: Why high tech exporting by SME's is more profitable and valuable than by non high tech goods.

A: High tech exporting by SME's is more profitable and valuable than by the non-high tech goods, due to…

Q: Please explain the gains and losses from international trade. Draw the necessary graphs and explain…

A: International trade is considered as a process of an exchange of a good or service that involves at…

Q: Describe the international flow of resources

A: The international flow of resources includes ODA, FDI, and remittance.

Q: what is the role of each major religion in conducting international business?

A: In worldwide business, religion is a vital component in how worldwide groups cooperate, plan…

Q: Discuss the regionalism vs globalization

A: Economic globalisation refers to the growing interdependence of national economies around the world…

Q: why it is necessary for Ghana to cooperate with other nations?

A: The co operation with other nation the country can contribute to the establishment of the world…

Q: Trade blocs are good for economic well-being and countries should try to join them.” Do you agree or…

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

Q: free trade and globalization

A: Globalization and the attendant concerns about poverty and inequality have become a focus of…

Q: Why exports of fish and fish products are essential to the economies of many countries and regions?

A: According to Secretary of Commerce Wilbur Ross, recreational and commercial saltwater fishing in the…

Q: If a nation exported much of its output but imported little, would it be better off or worse off?…

A: Export and Import: The export and import are the two-component international trade. Export includes…

Q: What is the significance of economic analysis to international business and trade?

A: Economic analysis refers to the evaluation of all the market and economic factors to determine the…

Q: Explain the importance of foreign trade

A: International Trade or Foreign Trade is the exchange of goods and services between the various…

Q: country has a trade surplus when

A: THE COUNTRY HAS A TRADE SURPLUS WHEN - EXPORTS EXCEED IMPORTS