0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How would OPEC nation feel about the rising cost of petroleum?
OPEC would never trade with the country that rose the price of petroleum.
Which of the ten principles of economics is the study of international trade most closely connected?
It would be helpful to know what the elements of economics are to know which is the correct answer. Since this is not known it is hard to know the answer.
What would happen if the us trade with china ended?
It would depend on the nature of the ending. If trade between the US and China ended abruptly, there would be a backlash period until each nation's economy could recover. Such a large percentage of each nation's trade is with each other that the effect would be widespread and devastating for both countries. It would result in economic problems felt by most of the world (to one extent or another). In the US, local goods would become prohibitively expensive, and the economy would struggle. In China, local goods would become virtually worthless, and their economy would struggle also. As with any situation, eventually an equilibrium would be found. The question is how much damage would be caused in the interim period.
Why do economists oppose policies that restrict trade among nations?
Economists oppose because besides gaining from trade there are some disadvantages that a nation face.... Free trade implies open access to the economy of any nation and thus the economy of a nation can be influenced by the activities of other nations... trade helps nation in specialization of producing that goods in which it has comparative advantage i.e which it can produce with lower opportunity cost... If a nation specialize in only one commodity production neglecting others then it would have to be dependable to other nations for other commodities..thus it may expand the economy of others but not its own... often international trade becomes beneficial when one can get goods at lower price than its price in own country,but it causes the internal industries as well as economy to break down.... so to expand own economy as well as development a nation should restrict its trades protecting own industries....
What aspect of the british economic policy in the 18th century colonial north America would best describe the conclusion that great Britain was a mercantlist nation?
restrictive trade regulations on the colonies
What would colonial merchants who opposed British trade regulations would have like?
a free market economy.
Does a nation have to have a government?
without a government the countries would have problems with trade, religions, etc...
Why did the Federalists oppose the purchase of Louisana?
They opposed this fearing that the new states in the west would become Jeffersonian and the rapidly expanding frontier would 'decivilize' the entire nation.
What are some characteristics of replublic?
A republic nation would have a constitution or written code based on which the heads of the nation should govern the country. That's no one in power can take control of things without referring to the rules n principles that the nation stands by.
What are the duties of bureaucrats in mesopotamia?
They would regulate the trade flow of the nation making sure that no intruders would find out their stashes of gold and ayem a lepricohn!
How would OPEC nation feel about the rising cost of petroleum?
OPEC would never trade with the country that rose the price of petroleum.
Which quote would most likely appear in a publication by the Heritage Foundation?
"Nothing is more valuable to this nation than the principles and traditions that our Founders fought to protect.
What is difference between fair trade and fairly traded?
The main difference seems to be that using the term fair trade usually implies recognition by a monitoring organisation such as IFAT (the global network of Fair Trade Organizations) or BAFTS (British Association for Fair Trade Shops), whereas fairly traded can be applied to any trading that follows the principles of fair trade.As an example, a shop may sell fair trade goods that are sourced from an organisation that is an IFAT member, but if they deal directly and ethically with a disadvantaged craftsperson (adhering to the principles of fair trade) who is not in a position to have fair trade recognition, those products would be more likely to be described as fairly traded.You can find out about the principles of fair trade on the IFAT website.
Why did George Washington advise against political parties?
Why was Jefferson opposed against polictical parties? Actually it was Washington who was opposed to political parties. Jefferson helped start a new party to oppose the Federalist. Jefferson was in essence in favor of them instead of opposed to them.
What is a typical Marxist's view on the WTO?
The World Trade Organization seeks to develop trade between countries. One consequence of globalization is the exploitation of developing countries' resources and labor, which a Marxist would certainly be opposed to.
Why were mercantalist thinkers concerned with the acquisition of specie as opposed to overall productive capacity?
Mercantilist thinkers believed that a nation's wealth and power were directly tied to the amount of precious metals (specie) it possessed. They thought that a positive balance of trade, where a nation exported more than it imported, would lead to an influx of specie and increased prosperity. This focus on accumulating specie overshadowed the importance of overall productive capacity in their economic theories.
When will the politicians in Australia begin to abide by the Charter and Purposes and Principles of the United Nations?
Reference points are required. In what ways is Australia not abiding by the Charter and Purposes and Principles of the United Nations? Were Australia radically departing from the above, then the nation would be barred from further membership of the UN.
