Business
Business, 02.08.2019 09:30, kyusra2008

Why is internatiuon trade better for all countries than an attempt for each country to produce everything it needs?

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Social Studies, 09.07.2019 02:40, hartzpeyton136
Economic theory defines specialization as the production of one or just a few goods and services. specialization refers to how an individual, organization, state or country focuses available resources. instead of trying to produce and sell many different products, people or countries use overstock to trade for what they may need. the system trade uses the concept of specialization. one country may have the resources to produce sugar at a low cost. another country may choose to specialize in beef. each produces more than what they need in order to obtain other goods at a lower cost. what conclusion can be inferred from the above text? a. each party cannot benefit from specialization. b. specialization can only benefit those who have something to trade. c. the richer country will take advantage of the poorer country when it comes to trade. d. both countries that use specialization can benefit from trade because they can meet needs and then trade the rest.
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Social Studies, 09.07.2019 20:00, gregorio03
Which of the following is an example of a trade war? two countries reduce all trade restrictions on each other. two countries impose tariffs on each other’s products. two countries compete to see which can produce the most of a certain good. consumers in two countries refuse to buy the goods of the other country.
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History, 18.10.2019 08:10, jstoners
Country x and country y are trading partners. both countries grow wheat and both countries produce smartphones. country x has large open prairies and a temperate climate. country y is a small, densely-populated island nation with a strong technology industry. what situation would likely benefit both countries the most? a country x specializes in producing wheat. country y specializes in producing smartphones. the two countries engage in trade. b country y specializes in producing wheat. country x specializes in producing smartphones. the two countries engage in trade. c country x and country y both specialize in producing smartphones. the two countries impose barriers to trade with each other. d country x and country y both refuse to specialize their production. the two countries impose barriers to trade with each other.
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Social Studies, 03.11.2019 02:31, katrinanuez
Why is international trade better for all countries than an attempt for each country to produce everything it needs?
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