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Explain why nations trade, and describe how international
trade is measured.
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- Identify the major organizations that facilitate internationaltrade and the major trading blocs around the world.Suppose a country's workers can produce 4 pens per hour or 12 pencils per hour. If there is no trade, ________. a. the domestic price of 1 pencil is 1/4 of a pen b. the domestic price of 1 pencil is 4 pens c. the domestic price of 1 pencil is 12 pens d. the domestic price of 1 pencil is 1/3 of a pen e. the domestic price of 1 pencil is 3 pens Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.What measures do governments take to promote exports and restrict imports? Who benefifits and who loses from protectionist policies? What is the net outcome for society?
- what is difference between liberalization and protectionism and which groups (citizens, companies, countries) prefer one over the other?How International economic Problems can be solved by international organizations?What roles do the InternationalMonetary Fund (IMF), the WorldBank and The World TradeOrganization (WTO) play inglobalization?
- How do you think countries can solve the problem on exportation, particularly on medical products, in this time of pandemic when there are so many demands and so little supplies?Discuss how the GATT/WTO promote every nations’ economy and liberate the international trade.What is protectionism? Is it good for the world economy? Whats an example??