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Countries trade a variety of goods and services, including raw materials, manufactured products, agricultural products, and technology. Common exports include machinery, electronics, and automobiles, while imports often consist of food, energy resources, and consumer goods. This exchange promotes economic growth, enhances consumer choice, and fosters international relations. Additionally, trade can help countries specialize in producing what they do best, leading to increased efficiency and innovation.
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5 compare the methods for increasing trade between countries and methods to restrict trade between countries?
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What is the difference between international trade and external trade?
International trade is trade between two or more countries, while external is a trade in another country.
What affect will reducing trade barriers between countries have on the price of goods?
the effect reducing trade barriers between countries have on the price of goods are types of names
What is global trade?
Global Trade is the exchange of goods and services between countries. Also, global trade could be taken in the context that there are no barriers to trade, thus there is global 'free' trade between countries.
What is a benefit of trade between two countries?
globalization
What types of barriers might prevent trade between countries?
what type of barriers might prevent trade between countries or continents
5 compare the methods for increasing trade between countries and methods to restrict trade between countries?
Do your own assignments
What was the trans-atlantic trade system?
The trade between the north american countries and the european countries.
What was the trans Atlantic trade system?
The trade between the north american countries and the european countries.
What indicates the exchange of goods and services between countries?
International trade is the exchange of goods and services between countries. Other terms that indicate this are foreign trade and world trade.
What is the difference between international trade and external trade?
International trade is trade between two or more countries, while external is a trade in another country.
Difference between international trade and local trade?
International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.
How does trade link countries?
International trade is the exchange of goods and services between countries. Trade happens because no country has everything it needs. Countries buy things that they do not have, or things that are cheaper, from other countries.
What affect will reducing trade barriers between countries have on the price of goods?
the effect reducing trade barriers between countries have on the price of goods are types of names
What is global trade?
Global Trade is the exchange of goods and services between countries. Also, global trade could be taken in the context that there are no barriers to trade, thus there is global 'free' trade between countries.
What did Container shipping do?
increased trade between countries
What is a benefit of trade between two countries?
globalization
