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?

Q: The most difficult negotiations under the WTO relates to the agricultural sector. Why? Explain in…

A: The representative pertinence of the dealings on horticulture identifies with the authenticity of…

Q: Why do countries control the export of some products to certain other nations?

A: Export control:-   Export control can be explained as the limitations placed on companies that…

Q: How can individual Government hinder the smooth operations of World Trade? in 100 words

A: In world trade, various countries enter the market and make an exchange of different products and…

Q: Protectionism refers to open trade. O True False

A: Protectionism refers to restrictions impose on free trade. It is mainly imposed to protect the…

Q: How is a country's economic well-being enhanced through free international trade in goods and…

A: International trade refers to the exchange of products and services Bete two nations in the global…

Q: What does it mean by imports that threaten national security when pertaining to regulating import…

A: When talking about opening of an economy to make international trade, it can be seen that there is…

Q: What does import quotas and local content requirement mean for importing economies? What does it…

A: Answer in below step

Q: what is the 'Infant Industry' economic argument that supports the need for government intervention…

A: Infant industry argument was significant in international trade where the small or new entrants are…

Q: What are the mutually beneficial terms of trade, measured in units of wheat from Country A per unit…

A: First calculate the opportunity cost for country A. Opportunity cost of country A for textiles =…

Q: It is conceivable that a country with an industry that exhibits external economies of scale, with…

A: External economies of scale occur as a result of greater changes inside the sector, resulting in…

Q: List at least 3 factors that have accounted for the rapid growth of world trade over the past 50…

A: Answer - There are many factors that have accounted for the rapid growth of world trade over the…

Q: How does protectionism affect world trade?

A: Trade refers to the buying and selling of goods and services with the domestic borders as well as…

Q: Why do countries often protect their economies from imports?

A: Imports and exports of goods and services are made in an open economy where a sale of good to…

Q: Describe how WTO assists the way in which trade negotiations have been conducted between countries?

A: WTO The WTO's overall goal is to assist its members in using trade to enhance people's lives, raise…

Q: The WTO discourages the use of quotas because they are:

A: World trade organization is the international organization which deals with the rules and…

Q: Before international trade, each governmental unit would practice isolationism, or providing for its…

A: Global trade has multiple benefits: a) It makes countries achieve expertise in production of a good…

Q: When two or more nations engage in free trade, how is the standard of livin mproved in the…

A: Free-trade is a situation where the participants of trade do not impose any restriction upon the…

Q: Explain why the arguments for tariffs may be valid in the cases of dumping and infant industries.

A: Tariff can be defined as the barrier that is imposed on the imports of goods and services.

Q: What are trade remedies to these anti-dumping?

A: Trade Remedies are strategy devices that permit governments to make a  move against imports which…

Q: Do you think  that WTO  can ensures strict health and safety regulations are not being used as an…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: How do policies of consuming nations impact the potential exporting-country responses?

A: The policies of the importing countries which impact the potential exporting country responses are:…

Q: Who benefits from tariffs? Government or domestic industries?

A: Tariffs refer to the government policy to restrict the imports of goods and services in the economy.

Q: How do many economists feel about protecting infant industries?   Question 30 options:   Protection…

A: Infant industries are young industries that are just starting out. Protection is given to infant…

Q: what is protectionism in terms of economics.

A: Economics: It refers to that field in which the production of goods and services takes place. The…

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: Can food security include the importation of food? a. Yes, if the population is willing to pay…

A: Food security, as defined by the United Nations’ Committee on World Food Security, means that all…

Q: Summarize the arguments in support of restricting imports.

A: A country is said to be an open economy when it trades with other country. Free trade occurs when…

Q: What is protectionism? Is it good for the world economy? Whats an example??

A: Competition: In economics, the term competition exhibits a situation where multi-players are…

Q: Fill the blank represents the inefficiency to society from state intervention/protectionism.

A: Since you have posted multiple questions, we will answer the first-two questions for you. If you…

Q: What are the causes of disfavourable terms of trade in underdeveloped countries?

A: The ratio of a nation's export prices to its import prices is known as its terms of trade (TOT). The…

Q: why the production subsidy does not change world prices, but the export subsidy can do?

A: By partially compensating production costs or losses, a production subsidy motivates suppliers to…

Q: evaluate the benefits if increasing trade between africa and china for africa

A: Ans in step 2

Q: True or False: If a country is open to international trade, the domestic price can differ from the…

A: International trade refers to the trade between countries. There will be imports and exports of the…

Q: What is the mercantilist views to international trade?

A: Mercantilism is a system that lasted from 16th to 18th century in trade. The whole idea was that the…

Q: What is the importance of food security in politics and governance in a place like the Philippines?

A: Food security is described as "everyone having access to enough food to live a healthy, active…