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Why do countries differ in their capacities to produce different goods and services?
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∙ 12y ago
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What is a countries way to produce goods and services?
exxhibit
When are two countries most likely to conduct trade with one another?
the countries produce different specialized goods
Can you give five reasons why countries engage in international trade?
1. They each produce different crops and benefit from the trade of these. 2. They each produce different fruits and benefit from the trade of these. 3. They each produce different types of cars and benefit from the trade of these. 4. They each produce different styles of clothes and shoes and benefit from trading these. 5. They each produce different weaponse and perceive benefit from trading these.
Who should produce goods in a traditional economy?
Technically enough so that the economy is self sufficient and only uses what it produces, so in this way, there is no set about, it depend on size.However in modern economies of countries known as MEDC's (more economically developed countries), trade is a substitute for goods and services being produced, in terms of international economy.Think of an economy as a supply and demand problem, the bigger it is, the more goods/ services it needs to produce. At a basic level of something like a Village, you would only need about 3 farmers producing different produce.It all depends on size, and there is no fixed amount because every case is different.
What is a good that is sent out of the country?
Those are called exports. Every country has different goods that they produce and export to other countries.
What is a countries way to produce goods and services?
exxhibit
What good and services to produce?
What good and services to produce?
When are two countries most likely to conduct trade with one another?
the countries produce different specialized goods
Does a nutrition facts label give information about total carbohydrates?
Different countries have different regulations as to what information must be given on produce.
Can you give five reasons why countries engage in international trade?
1. They each produce different crops and benefit from the trade of these. 2. They each produce different fruits and benefit from the trade of these. 3. They each produce different types of cars and benefit from the trade of these. 4. They each produce different styles of clothes and shoes and benefit from trading these. 5. They each produce different weaponse and perceive benefit from trading these.
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What is an organized set of procedures that a nation follows in producing and distributing good and services?
The trade agreements are the procedures a nation follows. They work amongst states and countries. It tells you how things get done and how they produce goods and services.
Do all countries produce enough food?
Not all countries produce enough food to meet the needs of their populations. Some countries rely on imports to supplement their food supply, while others experience food insecurity due to factors like poor infrastructure, climate change, or political instability.
What is a good that is sent out of the country?
Those are called exports. Every country has different goods that they produce and export to other countries.
What IT companies produce 16gb flash drives?
Flash drives with 16 gigabyte capacities are widely manufactured by a variety of IT companies. SanDisk, LaCie, HP, and Corsair are all companies which produce this item.
Who should produce goods in a traditional economy?
Technically enough so that the economy is self sufficient and only uses what it produces, so in this way, there is no set about, it depend on size.However in modern economies of countries known as MEDC's (more economically developed countries), trade is a substitute for goods and services being produced, in terms of international economy.Think of an economy as a supply and demand problem, the bigger it is, the more goods/ services it needs to produce. At a basic level of something like a Village, you would only need about 3 farmers producing different produce.It all depends on size, and there is no fixed amount because every case is different.
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
