answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics

The International Monetary Fund assists nations in their international environmental affairs?

FALSE


What must happen in a nations economy in order for the standard of living to improve?

it must grow through innovation


Competitive advantage of nations and its implications of implications on international business?

When businesses have a competitive advantage, then others will look to them to perform the work in international business. This will help improve the economies of developing nations.


Why is specialization important in international trade?

Specialization is important in international trade because it allows countries to focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity. By specializing, nations can produce more at lower costs, enhancing overall economic output. This trade enables countries to access a broader range of products, fostering innovation and consumer choice. Ultimately, specialization promotes interdependence among nations, strengthening global economic ties.


How does specialization affect international trade?

Specialization enhances international trade by allowing countries to focus on producing goods and services in which they hold a comparative advantage, leading to increased efficiency and productivity. This specialization enables countries to trade surplus products, thereby benefiting from a broader range of goods at lower prices. As nations engage in trade, they can access resources and technologies unavailable domestically, fostering economic growth and innovation. Ultimately, specialization and trade create interdependence among nations, promoting global economic integration.

Related Questions

What international organizations does Nigeria belong to?

international labour organization, world health organization, world food and agricultural organization, united nations international children education fund Organization of petroleum exporting countries, united nations organization


What international body was formed after World War 1?

The League of Nations.


When was United Nations International School created?

United Nations International School was created in 1947.


Is United Nations an international organization?

Yes , the united nations is an international organisation and there are 192 countries that are members of it .


What is the root and its meaning of international?

Between or among nations; pertaining to the intercourse of nations; participated in by two or more nations; common to, or affecting, two or more nations., Of or concerning the association called the International., The International; an abbreviated from of the title of the International Workingmen's Association, the name of an association, formed in London in 1864, which has for object the promotion of the interests of the industrial classes of all nations., A member of the International Association.


When was United Nations International School of Hanoi created?

United Nations International School of Hanoi was created in 1988.


What has the author Thomas George Weiss written?

Thomas George Weiss has written: 'The United Nations and changing world politics' -- subject(s): World politics, United Nations 'Military-civilian interactions' -- subject(s): Civil-military relations, Humanitarian intervention, Civic action, Armed Forces, Responsibility to protect (International law) 'Global governance and the UN' -- subject(s): International cooperation, International organization, United Nations 'International security and the United Nations' -- subject(s): International Security, International relations, Security, International, United Nations 'Thinking about global governance' -- subject(s): United Nations. Security Council, International organization, United Nations, Humanitarian intervention, Reform 'United Nations peacekeeping' 'Multilateral development diplomacy in UNCTAD' -- subject(s): United Nations Conference on Trade and Development 'International bureaucracy' -- subject(s): International agencies, International officials and employees


This is an international peacekeeping group of nations founded in 1945?

United Nations


When something has to do with many nations?

international


The International Court of Justice of the United Nations .?

rules on international disputes


The International Court of Justice of the United Nations __________.?

rules on international disputes


When was United Nations International Independent Investigation Commission created?

United Nations International Independent Investigation Commission was created in 2005.