answersLogoWhite

0

in what ways did NAFTA influence trade?

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Economics

What are the changes that have fostered globalization?

global trade influences the efficiency of many people's lives! in a result green money comes at them


How are exports and imports related?

Exports and imports are interconnected components of international trade. Exports represent goods and services produced domestically and sold to foreign markets, while imports are products and services bought from other countries. The balance between exports and imports influences a nation's trade balance, economic growth, and currency value. A country with higher exports than imports typically experiences a trade surplus, while the opposite results in a trade deficit.


How economic factors influences consumer's behavior?

how economic variables influences on consumer behavior


How does the concept of the extensive margin impact the decision-making process in international trade?

The concept of the extensive margin in international trade refers to the decision-making process of whether to enter a new market or expand existing operations. It involves considering factors such as costs, market potential, and competition to determine the feasibility and benefits of expanding trade activities. This concept influences decision-making by highlighting the potential gains from increasing trade volume and market reach, as well as the risks and challenges associated with expanding into new markets.


Can you explain the concept of opportunity cost and how it influences decision-making?

Opportunity cost is the value of the next best alternative that is forgone when a decision is made. It influences decision-making by prompting individuals to consider the trade-offs involved in choosing one option over another. By weighing the potential benefits and drawbacks of each choice, individuals can make more informed decisions based on what they value most.

Related Questions

Ocean centered geography explains cultural ties because?

trade influences culture regardless of distance.


How trade winds influences weather?

the weather just does what it does!! that is how the gods made it.


What has increased global trade?

global trade influences the efficiency of many people's lives! in a result green money comes at them


What are the influences of hindus to the filipinos?

Religion (Hinduism) Spicy Foods and Superstitious Beliefs.


The fact that Seattle and Bangkok are similar in many ways is an example of?

how trade influences culture regardless of distance.


A trade policy is a government policy?

that directly influences the quantity of goods and services that a country imports or exports.


What were the Islamic influences in Ghana Mali and Songhai?

It helped create more trade and made Mali richer


Which best describes China's relations with the outside world China wanted trade but did not allow immigration China consistently sought to block outside influences?

China worked to block outside influences. This allows them to preserve their culture without having to worry about outside influences.


What is the definition of geographical influences?

Geographical influences refer to the impact that natural features of a specific location, such as climate, terrain, and resources, have on human activities, culture, and development in that area. These influences can shape factors like settlement patterns, trade routes, and agricultural practices.


What political influences shaped the governments of British colonies?

it was the same as the BritishObviously the the governments of many former British colonies are base on the British system of government and law. That and in some instances influences that came from the original culture and religion.


What are the changes that have fostered globalization?

global trade influences the efficiency of many people's lives! in a result green money comes at them


Did The city of Carthage that was built on a peninsula in Ireland have any influence on trade?

Carthage was built in modern-day Tunisia, in the north of Africa, not in Ireland. Carthage was a major trading city and port, so it did have influences on trade.