what is the pattern of trade (give an example)

Q: What is your understanding of trade when referring to the exchange of goods for goods or labor…

A: Money: Money refers to anything that is widely accepted as a medium of exchange. However, money can…

Q: What is the meaning of terms of trade

A: Export is the process of selling products and services to foreign countries manufactured in the home…

Q: What is a free trade

A: The term trade refers to the buying and selling of commodities and this buying and selling can be…

Q: Consider the diagram depicting production possibilities in Spain and England. At which of the…

A: England: Wine-12; Wool-24 Spain: Wine-28; Wool-16

Q: Globalization and international trade can be beneficial and harmful to countries. State and briefly…

A: International trade is the process of buying and selling commodities in the foreign market.

Q: Examine the meaning of the word "free" in "free trade" what is free about it? who is it free for?…

A: Imports and exports are not controlled under a free trade regime. It can also be defined as the…

Q: Why do governments intervene in trade?

A: Government interference is government legislative action that aims to alter the decisions taken…

Q: Draw a graph (graph is for your own reference, not required to be attached in the answer sheet) to…

A: Free international trade means that there are no barriers imposed on exporting to or importing from…

Q: Marcia Anthony, the Trade Minister, argues that the country should not adopt ISI. She asks you to…

A: Country wants to  implement import substitution industrialization. It refers that country should…

Q: Discuss Fair Trade VS. Free Trade

A: Free trade refers to the unrestrained follow of labor, services, and goods across the country's…

Q: 1. Hours of Labor Required to produce Cheese and Wine USA FRANCE |Cheese 20 30 Wine 20 Show the…

A: Absolute advantage and comparative advantage are two concepts in economics and international trade…

Q: What is the fundamental source of the gains from international trade?

A: Gains from international trade would depend oncomparative advantage.

Q: better for consumers?

A: Answer Import substitution industrialization is associated economic conception that's typically…

Q: What phenomenon DIRECTLY relates to gains from trade? a. rationality b. trade-offs c. specialization…

A: Gains from trade is the net benefit any country receives when they get involved in trading with…

Q: what are the effects of change in trade? explain in detail

A: Trade, especially international trade is an important cog in the increasingly interconnected network…

Q: Explain what is the pattern of trade, by giving examples.

A: Trade patterns. Long-range path of a security or product future cost, diagrammed by defining one…

Q: Compare Hecksher Ohlin Trade Theory and new trade theories in terms of a) basis of trade, b) pattern…

A: Comparison of HO model and new trade theory 1.On the basis of trade We can say that HO model was…

Q: There is a trade surplus when _________

A: In international trade, surplus means more of exports as compared to imports.

Q: Explain the comparison of the potential and actual effects of government intervention on the free…

A: Necessary actions that are taken by the government which change the decisions made by a person or…

Q: Why do Countries Use Restrictions on Trade? What are the Reasons?   Types of Trade Restrictions:…

A: Trade Restriction:- A trade restriction is a manufactured barrier to cross-border exchange in…

Q: What is documentation of trade?

A: We can define international trade as the exchange of goods and services across the countries.

Q: What are the benefits of free international trade?

A: Free international trade is always a controversial topic with different views.

Q: What is the definition of trade , international trade, internal trade

A: Trade can be defined as exchange of goods and services between two parties. The two parties are…

Q: I'm confused on how to calculate the gains from trade. I don't know what to do.

A: If both specialise gains from trade would be 60-20=40 tons of tea.

Q: What are the overall benefits from trade and specialisation?

A: The transfer or movement of goods and services from one country or entity to another in exchange for…

Q: From an economic perspective, the key fact about trade is that a) voluntary trade benefits both…

A: According to the Mercantilist thought of economics, trade is a zero-sum game that means the trade…

Q: The corresponding graphs show the supply and the demand for strawberries in two countries: Berryland…

A: Free trade refers to a government policy that does not have to impose any restrictions on the number…

Q: The table below shows the production of oil and lumber of ONE worker in China and India: rice (in…

A: Answer: a. Before the trade, Production is equal to Consumption. It means each country consumes what…

Q: Using the circular flow diagram, show the impact of foreign trade.

A: The socioeconomic sector that includes everything and everyone outside of the native economy's…

Q: Use the graph below to answer the following question: What is the total amount of shoes the US will…

A: Free trade is a trade policy that refers to a policy that does not restrict imports or exports.

Q: Effects of Free Trade and Restrictions

A: The idea of free trade implies that the market should be transparent in terms of international…

Q: Links between trade and inequality

A: Trade: Trade is an economic activity which includes the buying and selling of goods and services.…

Q: Explain the Mercantilist’s views on trade. Mercantilism is always with us. Explain with examples…

A: Mercantilism refers to economic system of trade whereby regulations are made by the government to…

Q: the Trade Minister argues that the country should not adopt ISI. They asks you to help her explain…

A: The exchanges of goods and services among nations through their national boundaries are considered…

Q: INTERNATIONAL TRADE A country imposing a tariff can benefit in terms of social welfare if A. If it…

A: Ans:- Option B :- if it is small

Q: If a country closes off to trade and notices that the number of firms in an industry doubles in…

A: The growing returns might drive trade flows between nations with similar productivity and factor…