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When can two countries gain from trading two goods?
Two countries can gain from trading two goods when they have different comparative advantages in producing those goods, allowing them to specialize in what they are most efficient at and trade for the goods they are less efficient at producing. This can lead to increased efficiency, lower prices, and a wider variety of goods for both countries.
What was OPEC?
OPEC is the Organization of the Petroleum Exporting Countries. It is an international organization and economic cartel that consists of the major oil-exporting nations in the world. Its main goal was to stop the world's largest oil refiners and producers from lowering oil prices. They wanted to gain control over the price of oil.
Why countries gain from trade?
they get certain items or things that the other countries offer for something they have
Is it true that All countries can gain from trade if they all specialize in production according to comparative advantage?
Yes, it is true that all countries can gain from trade by specializing in production according to their comparative advantage. When countries focus on producing goods for which they have a lower opportunity cost, they can trade with others to obtain different goods more efficiently. This specialization leads to increased overall production and resource allocation, benefiting all parties involved. Consequently, trade allows countries to enjoy a greater variety of goods and services at lower prices.
How did French Mercantilism work Please let me know ASAP?
Mercantilism is an economic policy that attempts to gain revenue for the country based on a balance of trade. Typical policies under mercantilism include high taxation and a favor of exporting goods over importing them. Mercantilism was important in France in the 16th century. During this time France's finance minister was Colbert, who led the mercantile movement in the country. The country worked hard to ensure more exports than imports, even to the point of bringing in artists and tradesmen from other countries to make goods in France. During this period, the French government controlled how most of the goods made in the country were produced. France rose to great power under this economic policy.
Should australia exporting uranium to other countries?
Yes, because Australian people gain many money from uranium.
Australia should be mining and exporting uranium to other countries?
Yes, because Australian people gain many money from uranium.
How much money does china gain each year by exporting goods?
probably $1,200 trillion or $1,200 billion i guess
When can two countries gain from trading two goods?
Two countries can gain from trading two goods when they have different comparative advantages in producing those goods, allowing them to specialize in what they are most efficient at and trade for the goods they are less efficient at producing. This can lead to increased efficiency, lower prices, and a wider variety of goods for both countries.
What is the purpose of political or an econmic alliance?
There are a number of reasons for why alliances exist: - States often form an alliance between other states because it is the belief that these states will obtain mutual gain. What is meant by mutual gain here is that it enables both countries to increase production of goods. Increasing your goods means that you can export more and by exporting more you also create more job opportunities. - Alliances can also form in response to an apparent threat (i.e wars: See the Peloponnesian war for a perfect example of alliance)
What can you gain from other countries during war?
When you are in a war you can gain this from other countries during the war time:Treaty Alliances and cooperationYou can gain respect or lose former alliances.You can get monetary assistance, military assistance and get warfare implements from other countries.
What was OPEC?
OPEC is the Organization of the Petroleum Exporting Countries. It is an international organization and economic cartel that consists of the major oil-exporting nations in the world. Its main goal was to stop the world's largest oil refiners and producers from lowering oil prices. They wanted to gain control over the price of oil.
How do people gain from trade?
through exxchange of goods and services with each other
Why countries gain from trade?
they get certain items or things that the other countries offer for something they have
Is it true that All countries can gain from trade if they all specialize in production according to comparative advantage?
Yes, it is true that all countries can gain from trade by specializing in production according to their comparative advantage. When countries focus on producing goods for which they have a lower opportunity cost, they can trade with others to obtain different goods more efficiently. This specialization leads to increased overall production and resource allocation, benefiting all parties involved. Consequently, trade allows countries to enjoy a greater variety of goods and services at lower prices.
What did Japan gain from invading other countries?
Resources and "slave" laborers.
What do citizens in other countries gain from the united states?
because were white
