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A nation will produce what it can produce most efficiently and effectively and buy from other nations what they can produce most efficiently and effectively.

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What has limited the trade of the Andean countries with each other and with other nations?

The sizes of the mountains make trade difficult.


If free trade will benefit all nations in the long run why do nations so often establish barriers like tariffs to make free trade impossible?

Because free trade will not benefit all nations equally.It is not possible for all nations to compete in international trade with equality in a free market because resources are not distributed equally.


If free trade will benefit all nation in the long run why do nations so often establish barriers like tariffs to make free trade impossible?

Because free trade will not benefit all nations equally.It is not possible for all nations to compete in international trade with equality in a free market because resources are not distributed equally.


Purpose of international trade?

International trade, or trade for any matter, is designed to allow certain people, or in this case nations to specialize. Specialization allows companies to produce products for a lower price, and the products are usually of a better quality than otherwise. Also, these nations are able to specialize in something they are good at, and trade for other things they aren't or don't have the resources to produce. For example, China produces a great number of the goods that the United States consumes. They are able to mass-produce these products better than the United States will. So the United States specializes in other products and we trade them for China's. This is of course ignoring the Unites States' immense trade deficit, meaning that the U.S. imports more goods than they export.


What role did mercantilism play in the exploration of the Americas by europeans?

the role was to provide great opportunity for merchants to make money because a nations getting gold and silver and by developing trade

Related Questions

What has limited the trade of the Andean countries with each other and with other nations?

The sizes of the mountains make trade difficult.


How do you make cloth on trade nations?

In the game Trade Nations for the iPhone/Pad, you make cloth by first building a loom. Assign workers once the loom is built, and it will convert wool, collected from your Pens, into cloth.


If free trade will benefit all nations in the long run why do nations so often establish barriers like tariffs to make free trade impossible?

Because free trade will not benefit all nations equally.It is not possible for all nations to compete in international trade with equality in a free market because resources are not distributed equally.


Why was trade important for Christianity?

Trade was important to Christianity, especially earlier periods because this was one of the ways in which Christianity was spread to other parts of the world. Christians are to make disciples of all nations and trade was in all the known world.


Nations become interdependent through trade mainly because?

Study Island; Countries have resources or make products that other countries want to buy


What did non-industrial nations of the 19th that industrial nations?

Your question doesn't make any sense. There are obviously words missing.


Why do EU countries mostly trade with other EU countries?

Although it doesn't make sense since they're both EU countries... They trade in some parts they trade with other countries, like US or SA ... And so when they get those things they trade with other parts of EU. In other words, they gain new things other parts don't have. So they pretty much trade.


Can the president control trade with foreign nations?

He/She can make treaties, but they need to be approved by Congress.


If free trade will benefit all nation in the long run why do nations so often establish barriers like tariffs to make free trade impossible?

Because free trade will not benefit all nations equally.It is not possible for all nations to compete in international trade with equality in a free market because resources are not distributed equally.


Can you trade poke'mon mew?

This cannot be answered. This does not make any sense.


Why do nations trade globally?

Nations trade globally due to limited resources. Basically, the same reason as to why we as individuals trade our leisure hours for labor hours, so we can make money and buy our necessities. Similarly, countries trade their resources for other resources that they need. For example, Saudi Arabia has oil that China needs and China has food stuff that Saudi Arabia needs. Limited resources


Is there such thing as counterclockwise trade winds?

Trade winds do not circulate, so it doesn't make sense to characterize them as clockwise or counterclockwise.