The chief indicators are: a. A recent round of globalization has been supported by the technological developments that are associated with the internet that have made it possible to trade services. B. The growth of imports and exports and C. The international trade has led to an increase in economic activity.
A comparative advantage is the gain from trade stem from the differences in the relative efficiency of individuals, firms and all the gains in the production of some mix of goods.
The comparative advantage contribute to aggregate economic gains for states from trade by narrowing the range of economic tasks for which an asset is used, the specialization tends to enable the states in order to be deployed in their most efficient way as a function.
The trade contribute to the economic sources of order in the international system by increasing the state national income and the desire to get economic gains from trade leads to cooperative international agreements.
The President's Cabinet is composed of the principal appointed officers of departments of the executive branch of the federal government of the United States. The Cabinet meets weekly to advise the President on matters relating to the duties of their respective departments.
Crispus Attucks, a multiracial man who had escaped slavery, is known as the first American colonist killed in the American Revolution. ... The event, which became known as the Boston Massacre, helped fuel the outrage against British rule—and spurred on the American Revolution
