0
Rate this Study Guide:
☆☆☆☆☆Global trade involves business practices that cross international borders. Modern business practices may include multiple locations being used as well as telecommunication via teleconferencing.
Money laundering
Environmental-protection laws can be bad for the economy because they may increase unemployment.
To help countries achieve sustainable development
One that's secured by collateral
The Answer is "The amount of interest charged on unpaid balances" On Apex
Tariffs and embargos are trade restrictions.
Competition with lower wages and jobs leaving the country are some of the major drawbacks of globalization.
the colonizers used the resources of their colonies to grow their own economics.
Producers are driven by the profit motive to work against competition
Think that you're country A, wanting to buy pen and paper.
Country B produces 1 million pen and 1 BILLION paper
Country C produces 1 BILLION pen and 1 million paper
Or, country B has the absolute advantage over production of paper while
country C has the absolute advantage over production of pen.
Coming back our theory of economy of scale, we know that to a certain point, increased production would lead to lower average cost and thus, lower price.
This would mean that paper from country B is cheaper than country C whereas pen from country C is cheaper than country B.
Therefore, you would choose to trade paper with country B while trading pen with country C.
And this is why it is important to making economic choices.
Annual profits decrease
By lobbying.
face value
The owner of the land can create a deed restriction.
The owner of the land can create a deed restriction.
The owner of the land can create a deed restriction.
The owner of the land can create a deed restriction.
The banking regulation act is the business permit for a banking company.
higher prices
