Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus. Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.
Answer:
On December 1, 1774, the Continental Association was created to boycott all contact with British goods. By reversing the economic sanctions placed on the colonists, the delegates hoped Britain would repeal its Intolerable Acts.
Explanation:
Status as a natural-born citizen of the United States is one of the eligibility requirements established in the United States Constitution for holding the office of president or Vice President.
Two major examples of how the Middle East and its Muslim nations influenced the economy of Western Europe are:
The fossil fuels in the Middle East drove the energy requirements of Western Europe with relation to crude oil such that the Western Europeans sought to control the area by any means necessary.
The sugar trade was also influential because sugar was mostly controlled by Muslims and until the Europeans got to the New World, they had to rely on the Muslims of the Middle East for it.
In conclusion, sugar and oil from the Middle East were very influential on Western Europe's economy.
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