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What best explains how trade enhances effcincy?
Trade gets productive resources from one place to another where they're more needed.
What is trade policy?
Trade policy explains the way we can get goods and services to the customers.
Why do countries need to engage in trade?
Countries engage in trade to access resources, goods, and services that may be scarce or unavailable domestically. Trade allows nations to specialize in the production of certain goods, improving efficiency and fostering economic growth. It also enhances competition, leading to better prices and innovation for consumers. Ultimately, trade promotes interdependence and strengthens international relationships.
Which term explains a situation where imports exceed exports?
Trade deficit
What term explains a situation where imports exceed exports?
Trade Deficit
What best explains how trade enhances effcincy?
Trade gets productive resources from one place to another where they're more needed.
What is trade policy?
Trade policy explains the way we can get goods and services to the customers.
What explains the drop in trade between 1810-1814?
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Why do countries need to engage in trade?
Countries engage in trade to access resources, goods, and services that may be scarce or unavailable domestically. Trade allows nations to specialize in the production of certain goods, improving efficiency and fostering economic growth. It also enhances competition, leading to better prices and innovation for consumers. Ultimately, trade promotes interdependence and strengthens international relationships.
How does trade efficiency?
Trade gets productive resources from one place to another where they're more needed.
What are the importance of electricity in commerce and trade?
Electricity is vital in commerce and trade as it powers machinery, equipment, and technology essential for production, distribution, and sales. It enables faster production processes, improves efficiency, and facilitates communication and transactions through electronic means. Access to electricity also attracts businesses to locations, stimulates economic growth, and enhances global trade opportunities.
Which term explains a situation where imports exceed exports?
Trade deficit
What term explains a situation where imports exceed exports?
Trade Deficit
What best explains how trade enables greater specialization among?
trade allows people to focus on one kind of production and trade for their own needs.
What explains how trade enables greater specialization among producers?
Trade allows people to focus on one kind of production and trade for their other needs.
Best explains the purpose of protectionist trade policies such as tariffs and subsidies?
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Which statement best explains the increase in the Atlantic slave trade in the 1700's?
no
