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the countries produce different specialized goods

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14y ago

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What is trade region?

Countries within a specified region that conduct free trade with one another. Ex. NAFTA(Canada, USA, Mexico)


How did Islamic expansion most likely affect trade in Arabia?

Arabian merchants could conduct trade over wider areas.


What is regional trading alliances?

Hi, that would be Free trade between Canada, USA, and Mexico, also known as NAFTA


What do you trade with?

When countries trade with one another, this is known as import and export. This allows countries to receive materials or items that they don't have naturally.


Different countries often specialize in producing different goods What is a consequence of this?

The countries are more likely to trade with each other


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 is a limit on trade with another country?

limiting the import on goods from those countries.


How do you define import?

An import is the trade that a country takes in from other countries, where areas are an export is the trade that a country would trade from their country to another country.


What do the caricom countries trade and why do they trade?

What do the caricom countries trade and why do they trade?


Trade between two countries is likely to be mutually advantageous except when?

Trade between two countries is likely to be mutually advantageous except when one country has a significant comparative advantage in all goods, leading to a lack of incentive for the other country to engage in trade. Additionally, trade can be detrimental when it results in significant job losses or economic disruption in one country, or when trade policies are heavily protectionist, creating imbalances and tensions. Furthermore, if the countries have vastly different regulations or standards, the benefits of trade may be undermined.


Why do countries trade with one another?

to get good inports and exports to be used through their lives!!!


How can access to waterways increase trade between countries?

the water helps send goods and other belongings to another country to trade,thereby making it easier to trade.