how does moving towards full employment affect a country’s trade competitiveness?

Q: Determine whether a country will become a net-importer or netexporter of a good when it moves from…

A: A country's export behavior or import behavior will be determined by its productivity and other…

Q: What will the effect of the new price for dollars be on export trade between South Africa and the…

A: The foreign exchange market determines the exchange rate of a currency. To represent the foreign…

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: Which is better policy? Trade liberalization or trade protectionism? why?

A: Trade refers to the activity where countries exchange goods and services with each other in the form…

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 are the Relationship between Foreign Resource and import

A: Foreign resources generally refer to the foreign investment made by the foreign investors in the…

Q: Is the trade policy of Pakistan inline with ongoing global trends of the international business?

A: International business: Worldwide business alludes to exchanging merchandise, administrations,…

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: 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: If  technological change allows on industry to save on the use of the factor it uses relatively less…

A: Technology – it is the machinery & equipment that is developed out of scientific knowledge to be…

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: how do trade agreements affect the US economy?

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

Q: Impact of globalization on Pakistan trade

A: Globalization is the integration and interaction among governments, countries, companies, and…

Q: Which is better for a country—to export more or to import more?

A: Export refers to the selling the good produced in one country to another country. The seller of the…

Q: Do you agree or disagree that the trade policies can assume varying dimensions and scope depending…

A: If we consider the trade policies then it is made in order to provide benefits to many economies…

Q: Define trade liberalization.

A: International trade refers to the exchange of goods and services across the national territory.

Q: How was the trade situation between Northern Ireland and Republic of Ireland before the European…

A: The UK-Ireland border has had a special status since the Belfast Agreement/Good Friday Agreement of…

Q: If a country closes off to trade and prices remain unchanged, what does that mean?

A: A closed economy refers to one that does not trade with other countries. As a result, the closed…

Q: International trade  Why would a country opt for free trade when some workers remain unemployed in…

A: Some workers need to be organized so that unions can work together to improve their economic and…

Q: If specialization and outsourcing can harm domestic workers, why do countries still engage in trade?…

A: A country specializes in the good which it can produce at a lower opportunity cost than the other…

Q: Which of the following is NOT a trade cost? -adapting to different ways of doing business   -the…

A: Trade cost occurs when more than one individual or companies involved in a trade. Trade cost…

Q: What is it called when country import prices gain relative to that of its export prices?

A: Terms of trade (TOT) address the proportion between a nation's fare costs and its import costs. At…

Q: What does “term of trade” mean? How is it applicable in your country?

A: Terms of trade is a ratio of the export price to the import prices in a nation.

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: American firms outsource many jobs to other, lower cost countries. How can this outsourcing actually…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: What is the connection between international factor mobility and foreign trade?

A: International trade refers to the phenomenon in which the international parties get involved in…

Q: At one time, it was believed that the way for a nation to prosper was to export as much as possible…

A: In an open economy, the level of imports and exports of a country make up components of the…

Q: Donald Trump's presidency re. 'Make America Great Again' is all about tariff increase, trade…

A: Economic theory is the notion of how the economy should work. In different conditions, different…

Q: country has a trade surplus when

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

Q: How do you think trade between the United States and a poorer nation affects the workers in the…

A: International trade is the exchange of goods, services, labour, and other commodities across…

Q: Are technical regulations in different countries equal and constitute they barriers to trade? Which…

A: A technical regulation is a Government document that lays down product characteristics or their…

Q: If a certain trade is good for one country, it must be good for the other country?

A: Trading activities benefit all participants. Trade must occur according to the comparative advantage…