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How is a mother country benefited from the trading links with its colonial countries?
The other colonial countries are exporting goods from each other so everytime they get goods from other countries, they're basically returning the favor of goods.
How does trade affect production and consumption in each country?
Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.
If the money supply declines while the amount of goods remains stable will each unit of money be more or less valuable?
more
What was China's most valuable trade good?
China's plastic processing industry is huge, and their exports from this industry make them the most money each year.
Why do we owe china so much money?
Because the US spends far more each year than it takes in. That is called the deficit. Every year that we have a deficit, we need to borrow money to make up the difference. That is called the debt. Much of that loaned money comes from China, or the debt was assigned to China by whoever the US borrowed from. Since we're living on borrowed money, we have to owe someone. China is one of those someones.
What are three forms of exporting?
Three forms of exporting include direct exporting, where a company sells its products directly to foreign customers; indirect exporting, where a company uses intermediaries or third parties to sell its products abroad; and cooperative exporting, where multiple companies collaborate to share resources and distribute their products in foreign markets. Each method has its own advantages and can be chosen based on the company's resources, market knowledge, and strategic goals.
Renaissance is regarded turn point of history?
yes because europe started to stop having war with each other they now wanted to explore and get goods from China
Who publishes the Customs and Excise regulations?
Each country has their own Customs And Excise regulations that deal with importing and exporting of goods and commodities. In England it is the HM Customs And Excise, in Hong Kong it is simply known as the Honk Kong Customs And Excise Deportment. Because each country has their own specific rules and regulations as to what can and can not be imported and the taxes that are paid, knowing the international laws regarding them can help to prevent Customs seizures or forfeiture of goods.
Why does Canada export lumber while the US exports wheat and China exports labor-intensive manufactured goods?
Each is prducing what it most efficiently produces and all benefit from their doing so.
What is barter system?
In a barter system commodities are exchanged with commodities without the use of money. But in such a system two parties are required who are ready to buy and sell each other’s commodities. It is a primitive system.
Goods that can be used in place of each other are called?
Substitutes
What does monthly payment mean?
A monthly payment means a set amount of money which must be paid each month based on an agreement. This is commonly done for goods and services.
