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How might scarcity encourage international trade and make countries interdependent?
Wiki User
∙ 10y ago
it will make the countries interdepent because they can team up and make more
Wiki User
∙ 10y ago
Anonymous
Scarcity may encourage international trade and make countries interdependent because the country may want to restock until they have a surplus of the supply needed by other countries. If one country has a scarcity of items they would purchase it from Another Country. Which would increase the number of monies coming into that country helping their economy?
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What countries are not experiencing water scarcity?
The countries that aren't experiencing water scarcity is Hawaii :|
Why is the concept of scarcity important in rich countries as well as poor ones?
Scarcity = limited resources of the earth. Developed countries have better technology and organization to deal with scarcity, but scarcity is still there
Who are the countries that suffer with water scarcity?
Oman, Yemen, and South Africa are among countries that experience severe water scarcity. New Zealand, Australia, and Libya are among countries that experience moderate water scarcity.
Most developed countries in the world are not facing the problem of scarcity comment on this?
Developed countries ARE in fact facing the problems of scarcity. Methods to create renewable energy and clean drinking water is a huge industry in all of the developed nations of the world.
How do international sanctions tariffs quotas and trade restrictions affect international trade and costs of production?
International sanctions make it difficult for certain goods to enter the international stream of commerce. This leads to a scarcity of these goods, and increases their price on the global market.
Is paper an international trade?
yes but only in some countries where it's scarcity to have any paper
What countries are not experiencing water scarcity?
The countries that aren't experiencing water scarcity is Hawaii :|
Why is the concept of scarcity important in rich countries as well as poor ones?
Scarcity = limited resources of the earth. Developed countries have better technology and organization to deal with scarcity, but scarcity is still there
Who are the countries that suffer with water scarcity?
Oman, Yemen, and South Africa are among countries that experience severe water scarcity. New Zealand, Australia, and Libya are among countries that experience moderate water scarcity.
Why was copyright started?
Modern copyright was intended to allow creators to ascribe value to their works through scarcity, with the assumption that this will encourage creation.
How do countries respond to the unequal distribution of resources?
The science of economics helps countries cope with the unequal distribution and scarcity of resources.
How do countries respond to unequal distribution of resources?
The science of Economics helps countries cope with the unequal distribution and scarcity of resources.
Most developed countries in the world are not facing the problem of scarcity comment on this?
Developed countries ARE in fact facing the problems of scarcity. Methods to create renewable energy and clean drinking water is a huge industry in all of the developed nations of the world.
How has scarcity of oil around the world affected such countries as Iraq and Kuwait?
They used the oil for Trading.
Do rich countries experience scarcity?
In the longer term, being a rich country is a temporary condition which lasts a few generations only. After this, that country is certain to experience scarcity, whether by famine, plague or the sword - especially as rich countries tend to accumulate their share of social ills. England, for example, was a rich country at the beginning of the 1900's, and experienced war and scarcity during that century.
The scarcity of people to work the land and the amount of land available was of the conditions in England.?
The scarcity of people to work the land and the amount of land is one reason why Britain explored the world and colonized most of the countries.
How do international sanctions tariffs quotas and trade restrictions affect international trade and costs of production?
International sanctions make it difficult for certain goods to enter the international stream of commerce. This leads to a scarcity of these goods, and increases their price on the global market.
