Why people support in illegal trade is a lucrative form of business?

Q: In how many categories, imports have been classified?

A: Imports have been classified into categories:

Q: Melitz explains that under free trade

A: In an asymmetric two-country Melitz model, unilateral trade liberalization improves the masses and…

Q: Explain why trade Is Important.

A: In economics, trade can be understood as the buying and selling of goods and services in an economy.…

Q: Define free trade

A: Trade is defined as the exchange of services or goods among individuals and countries in exchange…

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: there are many benefits to free trade.what 2 (two) benefits do you believe are most important and…

A: laissez-faire policy is also known as free trade. laissez-faire policy refers to a policy by which a…

Q: Explain the impact of education on trade.

A: First of all the term trade stands for the basic economic activity which represents the buying or…

Q: How the South Korea has become one of the most industrialized and exporter country in the world?

A: South Korea has experienced one in all the most important economic transformations of the past 60…

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: Is international trade likely to have roughly the same effect on the number of jobs in each…

A: The degree and the direction of International Trade which a nation performs with the rest of the…

Q: Give an example of how free trade does not always produce “winners.”

A: Free trade refers to when there are no tariffs, quotas, or other restrictions when items and…

Q: Why is fair trade better than free trade?

A: Trade: Trade refers to the phenomenon of buying and selling the commodity. A trade could be domestic…

Q: Define Fair Trade?

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

Q: if it is no trade, what is the equilibrium price and quantity of sugar in Sri Lanka?

A: No-trade equilibrium price:- The no-trade principle in economics asserts that if marketplaces seem…

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: Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs.…

A: When a non-resident transfers ownership of a good to a resident, the good is said to be imported;…

Q: State four arguments against free trade and describe why.

A: For every concern, there are always for and against depending upon the side of the coin you flip.…

Q: In which sector (s) or industries does United States specialises in?

A: US generally specialize in broad number of sectors which are as follows

Q: O a) Patent law b) Trademarks law c) Copyrights law Od) Trade secret law e) International law

A: IP is safeguarded in regulation by, for instance, licenses, copyright and brand names, which empower…

Q: What is documentation of trade?

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

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

A: Trade patterns between countries with similar productivity and factor endowments may indeed be…

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: Radio is one of the easiest and cheapest media sources. It is easily available in most part of the…

A: Radio has continued to be a tremendous source of entertainment and information. It not only is…

Q: What is voluntary export restraint and when is it imposed? What are the benefits of VER?

A: Non-tariff trade barriers are the different restrictions and prohibitions other than the tariffs,…

Q: what is the pattern of trade (give an example)

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

Q: Do you think the government has to intervene with the actions of the market specifically those of…

A: In an economy, government is the highest entity that regulates all the economic, social, political…

Q: Links between trade and inequality

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

Q: What are the arguments for and against free trade? How to evaluate these varguments?

A:

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: Which is more effective in restricting trade, quota or tariff?

A: Quota and trade, both are the government strategies or policies to restrict trade, especially…

Q: We know for a fact that the exchange of illegal goods is wrong but how come people still support…

A: The economics as a study uses various assumption, and decision making phenomenon in order to…

Q: After the American Revolution, most Indigenous people: a. recognized the U.S. as an independent…

A: American revolution refers to the action of the people of America against to colonies of British and…

Q: What is free trade? Write down merits & demerits of free trade.

A: In economics, trade explains an interaction between two or more people to make an exchange of…