Answer:
People could be worried whether they will affect their jobs and businesses.
Explanation:
Foreign treaties are international binding agreements between two countries that establishes rules or obligations between two or more international laws. When new foreign treaties are introduced, people could be worried whether they will affect their jobs and businesses because these treaties are just new compared with what they are used to and the treaties has not been practised before. When introduced, people will be worried because they don't know the form and effect the new foreign treaties will take.
<h2><u>
Answer:</u></h2>
<h3><u>
ISIS :-</u></h3>
ISIS is a universal threat, making strange bedfellows of US, Russia, EU and Iran. But there is no unified approach to combat the group. Saudi Arabia has formed a coalition of 34 largely Muslim nations to fight terrorism, as the main gate for ISIS fighters to go into Syria, which could be pivotal.
<h3>
<u>Refugee Crisis :-</u></h3>
Three million Syrians have fled to Turkey, Lebanon, Jordan and Iraq, another 6.5 million displaced in the country. The EU, ideologically divided over how to handle the crisis, is bearing the brunt of refugee migration. Turkey, Greece, Bulgaria, Macedonia and Hungary have built anti-immigrant fences on their borders.
<h3>
<u>Volatile Oil Prices :-</u></h3>
Oil trading has becoming more volatile due to growing tension between two, big OPEC players, pushing already slumped prices lower. Saudi's newly severed ties with Iran have destabilized a political situation that will further complicate oil outlook.
<h3>
<u>Iranian-Saudi Tension :-</u></h3>
Saudi Arabia executed a dissident Shia Imam by sending out regional shockwaves and inciting violent reaction in Shia-dominated Iran. KSA then severed diplomatic and commercial ties with Iran; Gulf nations followed suit.
______________________________________
hope it helps
# RainbowSalt2222
Answer: Sumptuary laws (from Latin sumptuāriae lēgēs) are laws that try to regulate consumption. Black's Law Dictionary defines them as "Laws made for the purpose of restraining luxury or extravagance, particularly against inordinate expenditures for apparel, food, furniture, etc." Historically, they were intended to regulate and reinforce social hierarchies and morals through restrictions on clothing, food, and luxury expenditures, often depending on a person's social rank.
Answer:
Absolute advantage: The ability to produce more cheaply.
Comparative advantage: The existence of lower opportunity costs than competitors.
Specialization: The performance of a particular task within an economic system.
Protectionism: The existence of barriers to free-flowing trade.
Explanation:
The four terms that are defined above have to do with trade and the economic theories behind the different trade policies that countries employ. Protectionism is employed when countries want to avoid trade with outside countries and to lower competition with outside countries. Therefore, a country may impose tariffs that make importing goods very expensive. A country will have an absolute advantage in a product if they can make it much cheaper than another country. For example, timber products in Canada will cost less because they have an abundance of forests compared to other countries. A country may have an absolute advantage in one industry but that still may not be its comparative advantage. The country will have to weigh the trading opportunity costs are. Say that one country has no farmland but it has lots of oil. The other country has farmland and oil, but is willing to forgo trading oil in order to trade food for oil with the other country because the opportunity costs for forgoing oil are lower. Now the second country has a comparative advantage in food and the first country has a comparative advantage in oil. David Ricardo believed that comparative advantage would lead to specialization as in countries would specialize in the products they have a comparative advantage in.
