answersLogoWhite

0

Comparitive advantage.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Economics

Who has the highest child poverty rate among the major industrialized nations?

I believe its the US


What is a common trait among developed nations?

A common trait among developed nations is a high standard of living, which typically includes access to quality healthcare, education, and infrastructure. These countries often exhibit strong economies characterized by advanced technology and industrialization, alongside a stable political environment. Additionally, developed nations tend to prioritize social welfare and environmental sustainability, contributing to overall societal well-being.


Why was mercantilism important to the European nations?

Mercantilism was important to European nations in the early modern period because it emphasized the accumulation of wealth, primarily gold and silver, through a favorable balance of trade. By promoting exports over imports and establishing colonies, nations sought to enhance their economic power and ensure national security. This economic doctrine also justified colonial expansion, leading to competition among European powers for resources and markets, which significantly shaped global trade and international relations. Ultimately, mercantilism laid the groundwork for modern economic theories and practices.


An organization of nations formed to promote the free movement if resources and products among its members and to create common economic policies is called what?

An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies is typically referred to as a "trade bloc." Examples of trade blocs include the European Union (EU), the North American Free Trade Agreement (NAFTA), and the Association of Southeast Asian Nations (ASEAN). These organizations aim to enhance economic cooperation and integration among member states.


How is global wealth distributed among nations US citizens?

Global wealth distribution among nations shows significant disparities, with a substantial portion concentrated in wealthier countries. The United States, for instance, has a high per capita income and holds a significant share of global wealth, often ranking among the top nations. However, many developing countries struggle with lower income levels, resulting in stark contrasts in living standards and access to resources. This uneven distribution highlights the ongoing challenges of economic inequality on a global scale.

Related Questions

What is the Fight among nations?

Fight among nations is "World War."


What do United Nations do?

they maintain peace among the nations and control them


Current Statistics of illiteracy among United Nations members?

what are the current statisitcs on illiteracy among united nations members


What does between or among nations mean?

"Between nations" typically refers to interactions, relationships, or agreements involving two specific nations. "Among nations" generally pertains to interactions, relationships, or agreements involving more than two nations.


What country has the highest proportions of righteous among nations?

Poland has the most people to be called Righteous Among the Nations by Yad Vashem.


What principle guide the organization of the united nations?

Cooperation among the great powers rather than equality among all nations.


What was true of the Open Door policy toward China in 1899?

It provided for equal trade rights among nations in China.


What continent has the fewest number of nations (countries)?

Antarctica has no countries. South America only has twelve. Australia & Oceania has fourteen.


Who among five nations used maximum veto power at united nations?

Russia


What are two details about the division among the nations regions?

The two details about the division among the nations' regions included directional divisions and historical divisions.


What are two factors that increased interdependence among the nations of the world?

two factors that increased the interdependence among the nations are the rise of democracy and the increase in technology.


What principle of foreign policy led to the creation othe united nations?

cooperation among the great powers rather than equality among all nations