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trade is serious, it's about reaching a win-win situation, it is not like a game or something, maybe there will be some countries get more benefits, but both will get better off than they don't trade at all.

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Michael Kreiger

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2y ago

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Why isn't trade among countries like a game with some winners and some losers?

trade is serious, it's about reaching a win-win situation, it is not like a game or something, maybe there will be some countries get more benefits, but both will get better off than they don't trade at all.


Who were the winners and who were the losers in the slave trade in Europe?

The Europeans benefited from the slave trade more so than the Africans. Europeans traded mainly weapons to Africans, in which they sold their own people as slaves.


What is the Immobile Factor model?

This model is helpful for two important reasons.first from a practical perspective model provides a reason why there can be both winners and losers as result of international trade


What is immobile factor model?

This model is helpful for two important reasons.first from a practical perspective model provides a reason why there can be both winners and losers as result of international trade


Why do countries engage in international trade?

People/countries engage in international trade to build a strong relationship among themself.


Among the worlds countries the expansion of global trade has increased by what?

interdependence


What was the goal of the?

the goal is to remove trade barriers among the three countries.


What are the various SCMs of the WTO that help nations to overcome unfair trade practices ampng the signatory countries?

What are the various SCMs of the WTO that help nations to overcome unfair trade practices among the signatory countries? What are the various SCMs of the WTO that help nations to overcome unfair trade practices among the signatory countries? What are the various SCMs of the WTO that help nations to overcome unfair trade practices among the signatory countries?


What does it mean to regulate trade with other countries and among the states?

It means to control the trade with other countries, like Iraq, and other states, such as Massachusetts.


What was the goal of NAFTA?

the goal is to remove trade barriers among the three countries.


What is customs union?

A customs union is a trade agreement that is organized by a group of countries in which there is an established set of tariffs only for the countries that are not included in the group. In this marketing system, the countries that set it are granted free trade among themselves.


What was the original goals of the European Union?

it was originally intended to promote trade among European countries