A country's gain from international trade involves: 1. having more import tariffs for the government 2....
A country's gain from international trade involves:
| 1. |
having more import tariffs for the government |
|
| 2. |
having more goods for consumption than under self-sufficiency |
|
| 3. |
obtaining higher wage rates without the need for worker migration |
|
| 4. |
having compensation given to the losers from trade |
|
| 5. |
facing less competition from other countries |
Homework Answers
International trade involves exchanges goods, services as well as financial assets beyond the geographical boundaries of any nation. Gains from trade for a country involves the availability of commodities which weren't previously available for the consumers within the nation at prices that are competitive and better quality. Thus, a country's gain from international trade involves having more goods for consumption than under self-sufficiency. [ANSWER: 2]
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A country's gain from international trade involves:
1.
having more import tariffs for the government
2....
(1) Suppose the country of Rotherham is targeted by Home country tariffs. Some possible consequences of...
(1) Suppose the country of Rotherham is targeted by Home country tariffs. Some possible consequences of these tariffs include a.Rotherham residents make fewer visits to the Home country, so they buy fewer Home country products b. the Rotherham government imposes tariffs on Home country products c. Home country firms doing business in Rotherham get treated more harshly by the Rotherham government d. both B and C e.A and B and C (2) There is always a loss of world Total...
QUESTION 1 Suppose the country of Rotherham is targeted by Home country tariffs. Some possible consequences...
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1. If the exchange rate of the dollar relative to other currencies is determined by market...
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International business case study please help me to solve the case with sutable answers U.S. Tariffs...
International business case study please help me to solve the
case with sutable answers
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case with sutable answers
U.S. Tariffs on Tire Imports from China In September 2009, President Obama placed a tariff on tire imports from China. The tariff was a response to a rising tide of imports from China and intense lobbying from the United Steelworkers union, which represents 15,000 workers at 13 tire plants in the United States. Tires imported from China are usually low- end models that sell for half...
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