Opponents of free trade zones might use this map to argue that free trade encourages conflict among market and command economies leads to greater mobility among populations organizes nations into regional exclusionary blocs redraws traditional geographic boundaries

Q: The reason why international labor standards applied by developed countries are opposed by poor and…

A: International trade is beneficial for all, it increases aggregate consumer surplus and also…

Q: A nation has a in the production of a good or service if it can produce that good or service more…

A: According to the theory of comparative advantage, a country has a comparative advantage in the…

Q: Explain how this is likely to change Ghana’s comparative advantage

A: Comparative advantage: It means that when a country is producing on or the other goods and services…

Q: Not all countries have open trading relationships with all other countries. Some apply restrictions…

A: In international trade economics, there are various factors that are believed to impact both the…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Ghana is a growing and developing nation, which tries to substitute its larger proportion of labor…

Q: Which among the following is a notable difference between ASEAN and EU?ASEAN is geared to the…

A: The ASEAN ( Association of Southeast Asian Nations) can be defined as an economic union of ten…

Q: For each of the following regional economic integration agreements, identify what is allowed to move…

A: Free movement: It means the right of people and goods to move between countries.

Q: Free trade is controversial because a. it reduces government revenue b. it benefits only a small…

A: Free trade refers to the exchange of goods and services i.e. exports and imports without tariff…

Q: The statements are related to international trade. Label each statement as either true or false.…

A: a. The trade encourages the countries to concentrate its productive efforts on producing a limited…

Q: Neither free trade nor prohibited trade comes with benefits only. Both come with benefits and costs.…

A: Free trade is when the government doesn't place any limitations on trade like amounts or taxes.…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Ghana is a developing country, tries to shift from the agriculture sector to the manufacturing…

Q: True or false question below. A country's level of trade is measured by exports as a percentage of…

A: In international trade, countries trade with each other by exporting and importing goods and…

Q: Discuss the integration of economies, trade versus aid, corporate expansion, corporate domination…

A: Integration of economies is done via the reduction or elimination in trade barriers such as tariffs…

Q: The expansion of world trade implies that nations are becoming less dependent on each other for…

A: Globalisation means that trade expansion beyond the domestic boundaries . Country can sell or…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Two reasons why free trade agreements are helpful or hurtful. Include substantive example

A: Free trade is a government policy in which imports are not discriminated against or exports are not…

Q: Which is a benefit of the Central American Free Trade Zone agreement? It allows all participants to…

A: The answer is - It links regional power supplies between nations.

Q: The claim that international trade promotes sweatshop working conditions in developing nations is…

A: There may be poor working conditions for workers in outsourced counties if their was no minimum…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: If Ghanaian government impose a tariff on rice and providing subsidy to domestic produces, the price…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Below are the important points that are given in question. *Most of the population is agriculture…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Answer:-   Ghаnа  's  hаlf  оf  the  рорulаtiоn  deрends  оn  аgriсulture.  Аbоut  45%  оf  the…

Q: Illustrate your trade advice by showing the free trade production levels of each country on its PPF.…

A: A country if engages in free trade should produce those good in which its opportunity cost is low so…

Q: The parliament of Ghana is debating whether import substitution should take the form of quotas or…

A: The effeсts оf tаriffs аre mоre trаnsраrent thаn quоtаs аnd henсe аre а рreferred fоrm оf рrоteсtiоn…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Tariffs: It refers to the restrictions put on by the government on the imports of the country so…

Q: D7) Much of the growth in Southeast Asia is due to ________, and many African nations have based…

A: When comparing the economic growth of different nations, it can be seen that the drivers of economy…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Import substitution strategies: It is the strategy that substitute import in order to give…

Q: Which of the following is a reason why countries willingly weaken sovereignty through bilateral and…

A: In the second half of the 19th century, many developing or developed nations have opened their…

Q: Highlight the basis for trade between two countries with identical demands and different production…

A: Production possibility curve States the tradeoff which are related to resources being allocated in…

Q: Match the following Regional Trade Agreement examples to the Type of Regional Trade Agreement to…

A: Customs Union:  A customs union is the substitution of a single customs territory for two or more…

Q: trade specialize in production based on:     A)  relative inflation rates.   B)  relative…

A: *Answer:

Q: What would be the most feasible option available to governments around the world? They should: Fight…

A: The most feasible option available to governments around the world :  Selectively embrace new…

Q: The agreement is in the form of free trade between members and requires uniform external trade…

A: Custom union, Free trade area, Preferential Trading Agreements are different types of the trading…

Q: Explain how free trade improves global efficiency. Thank you...

A: The free trade would result in the exchange of various goods and services between one or more…

Q: Evaluate the following statements: a.   Developed countries have nothing to gain by trading with…

A: Developed country: A developed country is defined as a county that is a more industrialized country.…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: Given information Ghana is agricultural dominated country. It's 50% population is working in…

Q: Imagine that you work for the World Bank and you have been called to Ghana to aid the new president…

A: To exрlаin trаde pаtterns, the internatiоnаl trаde between bоth cоuntries emрhаsizes the…

Q: The regional free trade agreement among the United States, Canada, and Mexico      The regional free…

A: A free trade agreement is an agreement between two or more nations in order to reduce barriers to…

Q: discuss the african continental free trade Area (AFCTFA) May advance or adversely affect Botswana…

A: Economics is used to bridge the gap between equity and equality. Since there is an ever-growing…

Q: The world’s poorest countries are at a competitive disadvantage in every sector of their economies.…

A: Comparative advantage is the ability of an economy to produce goods and services are lower…

Q: Choose a developing country that is starting to participate in global trade. Describe how economic…

A: Developing country is a country that has a low gross domestic product (GDP) and has got areas that…