0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does a free trade area mean?
Free trade means that two or more countries have opened their borders to each others goods free of duties and charges that would otherwise apply.
What is the difference between Free trade and protectionism?
Free trade is when a country specializes in one or two areas of goods or service and allows a trade with other country or countries that specializes in different area while protectionism is when a country decides to restrict to its domestic production and stop trading with other countries.
What is a trade deflection?
When two or more countries form a free trade area, they do not have tariffs that are homogeneous with respect to the rest of the world. Consequently, it is possible for one country then to import all of a certain good that the other country previously imported, only to turn around and trade it to another country in its free trade area. This lowers the amount of government revenue in the consuming country and can lead to decreases in surplus.
List the two traits of public goods and give an example of such a good?
They're free and they are open to the public. Free software, anything public domain, air, or anything along the lines of that.
What are two types of trade protection that economist do support?
two types of trade protection that economists
What arrangements did the us make with the panama?
The Free Trade Agreement and the Panama Canal to name two.
Did christopher Columbus receive any awards?
he got a grant from Ferdinand of Aragon and Isabella of Castille, Columbus sailed west in search of a sea passage to India. He had two goals: open trade routes for Spain
What are two major trade alliance?
The North American Free Trade Area and the European Union.
What does a free trade mean?
Free trade means that two or more countries have opened their borders to each others goods free of duties and charges that would otherwise apply.
What does a free trade area mean?
Free trade means that two or more countries have opened their borders to each others goods free of duties and charges that would otherwise apply.
How do you get free paintbrushes for your Neopet?
As part of the newbie pack, you will get two free non-trade paint brushes.
How have these two countries worked together to solve these problems?
because of the free trade
What were two goals shared by spanish explores in the 1500?
Two goals shared by Spanish explorers in the 1500s were to find new trade routes to Asia for spices and other valuable goods and to spread Christianity to indigenous populations in the New World.
How many goals has Rooney scored scines the world cup?
Rooney has scored two goals, both were from penalties, he last scored a goal from open play in the month of march.
What are two bit's goals in life?
What are two bits goals in the outsiders.
What is meant by a free trade agreement?
A free trade agreement, or FTA, is an agreement made between two countries to make trading easier. Terms like lower taxes are negotiated into this agreement.
Which is one of the two goals of bankruptcy law?
To protect the debtor by giving him or her a fresh start free from creditors' claims
