ECON: MACRO4
4th Edition
ISBN: 9781305436862
Author: William A. McEachern
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 19, Problem 3.4PA
To determine
Benefits and drawbacks of international trade for the citizens in a developing country.
Concept Introduction:
The exchange of goods and services between two or more countries of the world is known as international trade. Trade refers to both import and export of goods and services for cash or cash equivalents.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What is the advantage of developing nations in participating the international trade.
How does international trade affect working conditions of low-income countries?
What is wrong with world trade policy? Cite and explain some suggestion to improve the standing of the development countries in world trade?
Chapter 19 Solutions
ECON: MACRO4
Knowledge Booster
Similar questions
- Why international trade has not favored the Economic Development of third world countries?arrow_forwardHow do the trade policies of developed countries affect the ability of less developed countries to benefit from greater participation in the world economy?arrow_forwardHow International economic Problems can be solved by international organizations?arrow_forward
- How will reductions in transportation and communication cost influence the volume of international trade? How will they influence gains from entrepreneurship? How will they impact capital investment in developing countries?arrow_forwardHow does trade generate more gains or, instead, losses to a country's economic growth and development! explain how can trade assist (or hinder) a country's growth and development!arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, IncEconomics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
- Survey of Economics (MindTap Course List)EconomicsISBN:9781305260948Author:Irvin B. TuckerPublisher:Cengage Learning
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Survey of Economics (MindTap Course List)
Economics
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Cengage Learning