The correct answer is B) fewer trade barriers will lead to increased trade, production, and revenues for all sides.
<em>An argument in favor of free trade is "fewer trade barriers will lead to increased trade, production, and revenues for all sides."</em>
In modern democracies, free trade is a great tool for imports and export goods with attractive revenues for all countries. Fewer trade barriers will lead to increased trade, production, and revenues for all sides, and it's a good foreign policy also, that helps to foster and maintain dimplonat relationships between countries.
A good example can be NAFTA, the North American Free Trade Agreement between Mexico, Canada, and the United States, that was recently renegotiated by the three countries and now exists under the new name of UMSCA, United States, Mexico, and Canada Agreement.
In October 1973, it broke out the Fourth Arab-Israeli War, best known as the "Yom Kippur War" because the Arab countries enemy of Israel took advantage of the Yom Kippur ("Day of Expiation") holiday to launch a triple offensive against Israel. When the war seemed to go well for the Arabs because of the destruction of large numbers or Israeli warplanes, the U.S. resupplied the Israelis and made their losses good turning the outcome of the war to their favor.
The U.S. support of the Israelis in the Yom Kippur War infuriated the Arab oil producing countries who announced an oil embargo against the U.S. The price of crude oil went from 3 dollars per barrel to 12 dollars by the beginning of 1974. Since U.S. people were traditionally used to large cars consuming a lot of gas, since gas had always been cheap, a shortage of gas across the country quickly set in, An unexpected consequence of this gas shortage in the U.S., fuel-efficient cars of Japanese make began to become popular in the U.S., and it also forced the U.S. car industry to design smaller cars and fuel-efficient engines to compete with the Japanese car industry.
Claro muchas adema del coronavirus, como la influencia h1n1 que su índice de mortalidad era del 8 por ciento, también considerada como pandemia el sida con un índice de mortalidad sin tratamiento del 34 %
The merchants cover the vast area of the Silk Road in the large caravans.
<h3>What was the Silk Route?</h3>
Silk Route refers to the path through which the silk was carried from China to Western world and many regions of Asia. It was conducted at the time of the medieval ages between the Roman Empire and China.
Large caravans carried traders and merchants. They would be accompanied by numerous guards.
Defending against bandits was made easier when traveling in a large group like a caravan. Because a large portion of the road passed through desolate, difficult terrain, camels were frequently used as transportation.
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Answer:
The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a lower quantity supplied. Supply curves and supply schedules are tools used to summarize the relationship between supply and price.
