When does a country become an exporter of a good?An importer?

Q: What are the problems faced during determination of terms of trade?

A: In economics, the terms of trade relate how much {how much what proportion |what quantity} cash a…

Q: What is dumping? Why is this done?

A: International Trade: The word “trade” exhibits the sale and purchase of goods and services. But if…

Q: what country is the most important trading partner with the United States?

A: International trade not only include the exports of a nation as imports of a country is also…

Q: Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower…

A: Foreign trade pattern is depending upon many factors and it is not predictable.   The trade patterns…

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: Why is the net gain from international trade positive?

A: gain from international trade is positive because in the import market the increase in consumer…

Q: explain why trade occurs among the countries?

A: International trade is the exchange of goods and services between countries.

Q: What  does Mexico export?

A: Mexico is a country that is constantly growing and raising its GDP. International rade plays a…

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: import and export?

A: Imports are the goods and services, purchased from the rest of the world by a country, rather than…

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: When does a society become an exporter of goods and an importer?

A: International trade is when two economies are agreed to make purchase or sale of various…

Q: 6. Countries have different regulations on what may or may not be imported and which tariff applies…

A: 6.  International trade: - it means the buying and selling of goods and services with other…

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: Why Japan is dependent on food import?

A: Definition: An import is a decent or administration purchased in one country that was delivered in…

Q: how do trade agreements affect the US economy?

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

Q: What do you think would happen to a country's economy if there is too much imported goods?

A: International trade is the sale and purchase of commodities and services between countries…

Q: What is a free trade zone?

A: Free trade zones are a type of special economic zones which are free of fees related to trade like…

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: How do international trade agreements help businesses in the U.S.

A: When two or more nations finalize and are on the same terms of trade, they determine the tariffs…

Q: What do you call the Taxes imposed on goods exported from or imported to a country?

A: In an economy, taxes are classified into different categories according to the activity performed by…

Q: Discuss the difference between export and import comprehensively

A: Introduction:  Important and export both international procedure

Q: Who loses when a country imports cheaper goods from abroad?

A: In am economy, people generally make import of goods and services that are available at lower price…

Q: Complete the table below for the home country. (A positive number for trade indicates exports, a…

A: Answer -

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: export/import

A: A country has comparative advantage in producing a good if opportunity cost of producing that good…

Q: which of the following is not a reason for restricting trade? a. Saving domestic jobs b. Preventing…

A: Trade is restricted to save domestic jobs,because imports decrease sales of domestic industries.…

Q: Why exports of fish and fish products are essential to the economies of many countries and regions?

A: According to Secretary of Commerce Wilbur Ross, recreational and commercial saltwater fishing in the…

Q: If a nation exported much of its output but imported little, would it be better off or worse off?…

A: Export and Import: The export and import are the two-component international trade. Export includes…

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

A: Ans in step 2

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…