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Patterns of trade among nations are primarily determined by?

Comparitive advantage.


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

I believe its the US


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.


Why is specialization important in international trade?

Specialization is important in international trade because it allows countries to focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity. By specializing, nations can produce more at lower costs, enhancing overall economic output. This trade enables countries to access a broader range of products, fostering innovation and consumer choice. Ultimately, specialization promotes interdependence among nations, strengthening global economic ties.


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 organization is an international assembly of nations to discuss and act on important global issues and promote world peace?

Currently, the United Nations serves the purpose of cooperative dealing among nations, who will discuss global issues like world peace.


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


Why was it important for the french to have a good relationship with the first nations?

The relationship among the first nations people and the French is extremely important because both sides are dependent on one another for a stimulated economy and the growth of their population.


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.


Where is the commerce clause located in the constitution?

To regulate commerce with foreign nations, and among the several states, and with the Indian tribes this commerce clause is in Article one section 8 addressing the legislature's powers.


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

It provided for equal trade rights among nations in China.


Is the power to regulate interstate commerce an expressed power in the US Constitution?

Yes, it is expressed in Article I, Section 8 as the power to regulate commerce with foreign nations and among the several states and with the Indian tribes.


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

Russia