0
International trade is influenced by several key factors, including comparative advantage, which allows countries to specialize in the production of goods and services they can produce more efficiently. Additionally, technological advancements and improved transportation reduce costs and expand market access. Economic policies, such as trade agreements and tariffs, also play a significant role in shaping trade relationships. Lastly, factors like political stability, infrastructure, and cultural ties can impact the flow of goods between nations.
What else can I help you with?
Match each current trend with one of its effects on international trade?
A.Improved communicationBroadening of international tradeB.Trade liberalizationReduction of barriers to international tradeC.Infrastructure developmentFacilitation of smoother international tradeD.IndustrializationSpread of international trade to developing countries^^^^This apex answer is outdated. The current correct answer is:Increased Communications>>>>>>>>>>>>>>>>
Facilitation of smoother international trade?
Infrastructure development
What is the Relationship between international trade and economic development?
International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.
How does countries benefit from international trade?
Countries benefit from international trade by accessing a wider variety of goods and services, often at lower prices due to comparative advantage. Trade allows nations to specialize in the production of goods they can produce most efficiently, leading to increased economic output and growth. Additionally, international trade fosters innovation and competition, encouraging businesses to improve quality and reduce costs. Ultimately, it can enhance consumer choice and contribute to overall economic development.
What type of diffusion is Economic development through international trade is an example of?
stimulus diffusion
What influenced the development of the international system of units?
International trade.
What factors contribute to the acceleration or deceleration of a recession velocity?
Factors that contribute to the acceleration or deceleration of a recession velocity include changes in consumer spending, business investment, government policies, and international trade. These factors can either speed up or slow down the economic downturn.
Match each current trend with one of its effects on international trade?
A.Improved communicationBroadening of international tradeB.Trade liberalizationReduction of barriers to international tradeC.Infrastructure developmentFacilitation of smoother international tradeD.IndustrializationSpread of international trade to developing countries^^^^This apex answer is outdated. The current correct answer is:Increased Communications>>>>>>>>>>>>>>>>
Facilitation of smoother international trade?
Infrastructure development
How did the world trade organization contribute to Globalization?
Answer this question… It encourages international exchange by removing barriers to trade.
What is the Relationship between international trade and economic development?
International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.
What has the author Anindya K Bhattacharya written?
Anindya K. Bhattacharya has written: 'Foreign trade and international development' -- subject(s): Commercial policy, Economic development, International trade
What is the Relationship between international trade and economic trade?
International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.
How did the Portuguese settlement of Brazil contribute to the development of the Atlantic slave trade?
Increased the volume of trade in the Atlantic.
How did Portuguese settlement of Brazil contribute the the development of the Atlantic slave trade?
Increased the volume of trade in the Atlantic.
What factors led to the development of trans Sahara trade?
No
What is a world trade organization?
An international body founded in 1995 to promote international trade and economic development by reducing tariffs and other restrictions.
