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Specialization
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∙ 12y ago
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Why is specialization a common result of free trade?
competition encourages countries to specialize in what they do best
5 compare the methods for increasing trade between countries and methods to restrict trade between countries?
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This cabinet department encourages and promotes America's international trade and economic growth?
The Secretary of State is in charge of encouraging trade with other countries and the United States. The Department of Commerce deals with trade among states.
What is the difference between international trade and external trade?
International trade is trade between two or more countries, while external is a trade in another country.
What affect will reducing trade barriers between countries have on the price of goods?
the effect reducing trade barriers between countries have on the price of goods are types of names
What organization encourages trade between european countries?
No
How does specialization encourage trade between countries in southwest Asia?
It encourages trade because they all hav certain types of specializatinsl like in israel they specialize in agricultur technology
Why is specialization a common result of free trade?
competition encourages countries to specialize in what they do best
How did trade between Greeks and Romans promote trade?
Because the trade encourages the spread of people , ideas , and goods
How did trade between Greeks and Romans promote change?
Because the trade encourages the spread of people , ideas , and goods
What are nafta benefits to company?
The North American Free Trade Agreement allows free trade between Canada, America, and Mexico. This means companies do not have to pay tariffs on imported goods, and there is no tariff on exported goods which means consumers do not have to pay a higher price for a product from one of these three countries. This encourages trade between the three countries and is good for businesses.
What types of barriers might prevent trade between countries?
what type of barriers might prevent trade between countries or continents
5 compare the methods for increasing trade between countries and methods to restrict trade between countries?
Do your own assignments
What was the trans Atlantic trade system?
The trade between the north american countries and the european countries.
What was the trans-atlantic trade system?
The trade between the north american countries and the european countries.
What types of barriers might prevent trade between countries or continents?
Some barriers that might prevent trade between countries or continents include tariffs and trade restrictions imposed by governments, differences in regulatory standards and requirements, transportation costs and logistical challenges, and political tensions or conflicts between nations. Additionally, cultural differences, language barriers, and exchange rate fluctuations can also act as barriers to trade.
What indicates the exchange of goods and services between countries?
International trade is the exchange of goods and services between countries. Other terms that indicate this are foreign trade and world trade.
