What are the 7 influential factors affecting foreign trade? detailed explanation pls

Q: The united states is a big exporter of animals feeds, corn ,meat, fruits, vegetables and other…

A: Globalization is the distribution across national boundaries and cultures of goods, technology ,…

Q: Discuss at least 3 barriers affecting the Philippine international trade

A: Consumers and countries benefit from global trade because they can access goods and services that…

Q: 7)  Explain how trade barriers save jobs in protected industries, but only by costing jobs in the…

A: Trade barriers are implemented to protect the infant industries of economy from foreign competition.…

Q: If the world price of turkey is greater than the nation's autarky coffee price. Will opening to…

A: Before the trade, the autarky has equilibrium price of coffee that is lower than the world price…

Q: "Since countries generally gain from free trade, it is surprising that not everyone supports it."…

A: Free trade refers to the unrestricted movement of goods and services between two or more countries.…

Q: 5)  Explain how trade barriers save jobs in protected industries, but only by costing jobs in other…

A: The trade barrier means imposing some obstacles that can reduce the trade of imported goods and…

Q: The Lebanese government prohibited all imports from Israel. Discuss the socioeconomic aspects of…

A: The Arab League, an umbrella organization comprising 22 Middle Eastern and African countries and…

Q: Describe the main content of the gravity model of world trade and explain its economic meaning.…

A: the gravity model of international trade was first proposed in 1962 by Jan Tinbergen, who suggested…

Q: 5. Protectionism a. is the use of cheap labor to protect firms from paying high wages. b. is the use…

A: International trade refers to the concept wherein the countries tend to exchange goods and services…

Q: Question: “We can’t beat Mexico at the border, or in trade.” (Donald J. Trump, 2015) Evaluate…

A: In Mexico, Mr. Trump is unpopular. During his presidential campaign, he was exceedingly nasty to…

Q: D Question 28 Consider a small open economy country that produces cars. The world price of cars is…

A: In an economy, if the world price is less than autarky price, consumers have an incentive to import…

Q: 1) The movement to free international trade is most likely to generate short-term unemployment in…

A: In an open economy, there used to be labor mobility and some of the area or sectors face high…

Q: 1) Describe the controversies surrounding the impact of international trade on wages and jobs.

A: Protestantism is a practice in which protectionist trade policies are followed. This policy allows…

Q: Answer Any ONE of the following 2 questions Please clearly indicate which question you are answering…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: 3: Tariffs and Non-tariff instruments are a huge problem for international trade. a) Why does the…

A: In the international market, trade transactions can be restricted using tariff or non-tariff…

Q: 7. "The infant industry argument is not really an argument for a tariff on imports of a product." Do…

A: Some countries can produce goods at a lower cost with a lower wage rate and can supply to the world…

Q: Describe as many types of tariffs and non- tariff barriers (NTBs) that are imposed on products and…

A: The measure that depicts restrictions being imposed in form of additional costs or placing limits on…

Q: Consider a small open economy country that produces cars. The world price of cars is less than the…

A: An economy engages in international trade on the basis of the principle of comparative advantage. A…

Q: 17) The share of agricultural products in total world trade, A multiple-choice question with one…

A: An economy consists of three main sectors- primary sector, secondary sector, and tertiary sector.…

Q: 1. Evaluate current Trade Policy of Pakistan

A: Pakistan current trade policy changes and evaluation:   1. Statutory Regulatory Order and Customs…

Q: Regional trade agreements are changing the landscape of the global marketplace’. Discuss…

A:

Q: Discuss "THE NORTHWEST PASSAGE" discovery and its significance to international trade

A: One of Canada's most exciting chapters of discovery, history, and exploration is the Northwest…

Q: - list some examples of tariff barriers associated with international trade

A: Introduction International commerce expands the range of goods available to domestic customers,…

Q: 13. The ofer curves Introduced by Alfred Marshall, helps us to understand how theis established in…

A: The offer curve was introduced by Alfred Marshall that explains the terms of trade in international…

Q: 10-. OCcurs when low- cost producers . the free trade area . high cost. Please select one; a)…

A: Trade diversion is a process wherein the Trade is diverted and efficiency reduces as the costs…

Q: World Trade Organization  1. Explain the agreement under the Uruguay Round on the tariff and…

A: Answer - Need to find- Explain the agreement under the Uruguay Round on the tariff and tariff quotas…

Q: A tariffs; Select one: is a government policy that inhibits trade with methods that are not as…

A: Tariffs are levied on imported goods as taxes or duties (customs duties). The objectives are to…

Q: US places a tax on imported frozen chicken Japanese trade restriction says that only 3 million…

A: A tax on the import of goods is termed a tariff The US places a tax on imported frozen chicken -…

Q: Question 3 COUNTRY COFFEE TEA Jamaica 10 5 United States of America 50 20 A. Which country has the…

A: Comparative advantage occurs when a country is able to produce at a lower opportunity cost compared…

Q: 6-1. What country is the biggest as measured by world trade?

A: The concept that depicts buying and selling of services and goods in exchange for compensation being…

Q: Explain how an increase in U.S. and Canadian intraindustry trade altered the level of productivity…

A: The North American Free Trade Agreement is a trilateral trade agreement between the United States of…

Q: Discuss two forms of ethical practices conducted in international trade transactions.

A: Ethical standards help to build confidence between company partners and customers. Organizations…

Q: Figure: Trade Price Domestic supply Workd supply E Domestic demand Quantity In the domestic market…

A: Equilibrium is attained at the point where demand curve intersect supply curve.

Q: 3. (15%) Import tariff on a manufactured good in a country X equals 10 % while tariff on raw…

A: In economics, the effective rate of protection (ERP) is a proportion of the absolute impact of the…

Q: Export Policies Of Trinidad and Tobago (2021)

A: Commodities are labor and products that are delivered in one nation and offered to purchasers in…

Q: "The Structure of US Trade between 1821-1930 (Table 20.1) identifies the changing mix of goods…

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: Evaluate this statement: "If a country bans an import, smuggling is inevitable. We should welcome…

A: Import:Import is a trade practice in which a country buys or purchases goods and services from other…

Q: Would you agree if the UK imposed import protection for wheat and corn to protect domestic wheat and…

A: Since you have asked multiple question, we will answer only 1st . if you want answer of any specific…

Q: 9) Starting from the fact that the US had a protectionist tariff, then opens up to free trade, the…

A: We have given a figure

Q: focus on the protection of infant industries rationale for limiting imports.  Do you agree or…

A: Trade is defined as the exchange of commodities and services across the boundary of the country.