ZuoTi.Pro
Question

What is the impact of International Trade on the number of product varieties available 1. to consumers within a particular in
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Option A

Explanation: In international trade, countries produce according to their comparative advantages. Therefore, the total varieties of goods consumed increases.

0 0
Add a comment
Know the answer?
Add Answer to:
What is the impact of International Trade on the number of product varieties available 1. to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 2. Under Internal Scale Economies and Monopolistic Competition, what is the impact of International Trade on...

    2. Under Internal Scale Economies and Monopolistic Competition, what is the impact of International Trade on the price in an industry? Circle one option. (1 point) a. The price increases b. The price decreases C. The price stays the same d. Not enough information to determine the effect of International Trade on the price

  • Topic: International Trade Question/Prompt: In a recent Forbes article, author Ken Roberts comments the following regarding international trade data from 2017. “In the last quarter-century, U.S. expor...

    Topic: International Trade Question/Prompt: In a recent Forbes article, author Ken Roberts comments the following regarding international trade data from 2017. “In the last quarter-century, U.S. exports have grown from $448.16 billion to $1.55 trillion…In that time, the United States has gone from having 86 export categories valued at more than $1 billion in value to having 248 above $1 billion, the final tally for 2017. We have gone from having six of the roughly 1,265 export categories above $10...

  • Symbol Electronegativity Group 1 Period Number Atomic Number Atomic Mass (amu) Atomic Radius (pm) lonization Energy...

    Symbol Electronegativity Group 1 Period Number Atomic Number Atomic Mass (amu) Atomic Radius (pm) lonization Energy (kJ/mol Valence Electrons AW Electronegativity Period 2 Group Number 1 (1A) Symbol Atomic Number Atomic Mass amu Atomic Radius (pm) lonization Energy (kJ/mol) Valence Electrons Be 2 (2A) 13 (3A) 14 (4A) 15 (5A) 16 (6A) 17 (7A) 18 (8A) o Zoo Periodic Table Trends Activity (Protected View) - Word (Unlicensed Product) Review View Help Tell me what you want to do ruses. Unless...

  • Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

    Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...

  • Topic: International Trade Question/Prompt: In a recent Forbes article, author Ken Roberts comments the following regarding...

    Topic: International Trade Question/Prompt: In a recent Forbes article, author Ken Roberts comments the following regarding international trade data from 2017. “In the last quarter-century, U.S. exports have grown from $448.16 billion to $1.55 trillion…In that time, the United States has gone from having 86 export categories valued at more than $1 billion in value to having 248 above $1 billion, the final tally for 2017. We have gone from having six of the roughly 1,265 export categories above $10...

  • International Trade Case

     Countries measure the health of their economies in many ways such as unemployment rates, consumer confidence, and Gross Domestic Product (GDP). Gross Domestic Product is a measurement of the amount of goods produced by a country in one year. If that number increases, our economy is growing, whereas a decrease would indicate a shrinking economy. To calculate expenditure GDP we add up all of the groups who buy goods in the economy (GDP = C + I + G +...

  • 1. The percentage of an additional dollar that is paid in tax is called A. a...

    1. The percentage of an additional dollar that is paid in tax is called A. a regressive tax. B. the average tax rate. C. a proportional tax. D. the marginal tax rate. E. a progressive tax. 2. If the average tax rate remains constant as income? changes, the tax is A. progressive. B. regressive. C. definitely fair. D. proportional. E. impossible to determine with the information given. 3. When each taxpayer pays the same average tax rate regardless of the?...

  • Trade Theories, a Historical Approach Free trade refers to a situation where a government does not...

    Trade Theories, a Historical Approach Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country. The economic arguments surrounding the benefits and costs of free trade in goods and services are not abstract academic ones. International trade theory has shaped the economic policy of many nations for the past 50 years. The textbook reviews...

  • 1. The numbers listed under each item below are the costs for producing Product A, Product...

    1. The numbers listed under each item below are the costs for producing Product A, Product B, and Products A and B together. Which set of costs exhibits economies of scope? a. 100, 150, 250 b. 100, 150, 260 c. None of these cost listings exhibit economies of scope d. 100, 150, 240 2. When MC rises above AC, then we know that a. AC declines b. AC remains the same c. AC is negative d. AC increases 3. The...

  • 1. A 10,000 KG truck is traveling at +20 m/s. What would happen to the momentum...

    1. A 10,000 KG truck is traveling at +20 m/s. What would happen to the momentum of the truck if it increases in velocity in the same direction? 2. A 120 KG rugby player is running toward another player at 5 m/s. How much force needs to be applied over one second in order to bring him to a stop? 3. if the acceleration of an object decreases, what happens to the inertia? A 10,000kg truck is traveling at +20m/s....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT