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Which of the following describes one of the major economic benefits of free trade between countries?
Wiki User
∙ 8y ago
Verified answer
Answer this question… Companies can lower production costs by producing goods in countries with low average wages.
Wiki User
∙ 8y ago
Rebecca Switzer
What economic benefits do countries with a lot of farmable land have?
they have accsess to crops easily
Which of the following economic terms describes an increase in product price without the increase of money's worth?
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
What best describes global economic trends?
the gap between rich and poor countries is getting larger.
Why developing countries have not realized the benefits of international trade?
Developing countries have realized enormous economic benefits from international trade, but the benefits have often been squandered due to government corruption, inadequate legal structures, political upheaval, and failure to use the increased wealth to develop sustainable internal social and economic activity.
In what ways countries today follow Keynesian economics polocies?
Are countries today following Keynesian's economic policies today?
Which of the following statements describes one way in which the US gained valuable economic assets in Japan and Colombia without having to establish colonies in those countries?
The United States sent warships to intimidate both countries.
What economic benefits do countries with a lot of farmable land have?
they have accsess to crops easily
What option best describes the concept of globalization?
The growing cultural and economic interconnections between the countries
What word describes the economic system of European countries during the colonial era?
Mercantilism
What is the main reasons countries want to join the european union?
To gain economic benefits
Which of the following economic terms describes an increase in product price without the increase of money's worth?
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
What is the economic term that describes the increased benefits or satisfaction we will enjoy as a result of consuming one more of something?
Marginal Benefit is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something.
What best describes global economic trends?
the gap between rich and poor countries is getting larger.
Why developing countries have not realized the benefits of international trade?
Developing countries have realized enormous economic benefits from international trade, but the benefits have often been squandered due to government corruption, inadequate legal structures, political upheaval, and failure to use the increased wealth to develop sustainable internal social and economic activity.
In what ways countries today follow Keynesian economics polocies?
Are countries today following Keynesian's economic policies today?
Which phrase best describes Europe?
i dont know
Which of the following describes a difference between communist and free enterprise economic systems?
Answer this question… Free enterprise systems allow for more individual economic innovation.
