1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet [91]
2 years ago
15

In five or six sentences, explain international trade. Be sure to discuss imports, exports, absolute advantage,

History
1 answer:
Ksju [112]2 years ago
7 0

International trade represents the series of exchanges and commercial sales that countless countries exercise among themselves. To streamline this process and increase trade gains, there are a series of rules adopted by all countries with regard to world trade.

Import is the activity of buying products or services produced by other countries, while export is the term used to sell products or services to foreign countries.

When trading in a market, you reduce the risk that domestic trade issues may have in your company. The increase in turnover and revenue ensures that your company is more stable. The increase in <u>international business revenue improves its national economy</u>.

The comparative advantage is about free trade, countries with less effectiveness in production could also be positioned before the market. That is, explains how to establish a commercial relationship between two players, even if one of them has an absolute advantage over the other.

The trade balance measures the relationship between a country's imports and exports, and is part of the balance of payments (the sum total of economic transactions between a country and its trading partners around the world).  Balance of Payments shows the result of a country's foreign transactions.

You might be interested in
How did english history between 1215 and 1750 help lead to the american revolution
weeeeeb [17]
Laws passed between 1763 and 1775, caused tensions between colonists and imperial officials.
7 0
2 years ago
Which of those groups benefit most from 19th century imperialism
oksian1 [2.3K]

Answer:

Imperial nations

Explanation:

"Which of those groups benefit most from 19th century imperialism"

Don't know the groups but it should be Imperial nations

6 0
3 years ago
There are many different kinds of committees in the congress. one of these committees includes a standing committee. which best
dybincka [34]

The congress is made up of many different kinds of committees. One of these committees is a standing committee, which is best described as a permanent subject-matter committee. In total, there are 20 standing committee in the House of Representatives, while there are 16 in the senate. Most bills sponsored to the congress receive consideration in the standing committee under whose jurisdiction the matters contained in the bill fall. Usually the congress follows the recommendations of the standing committee on the fate of a bill.

5 0
3 years ago
What was wealth based on in the Northern states?
Oliga [24]
The money and goods a person owned
7 0
3 years ago
Read 2 more answers
Which of the following led to the development of the Black Power movement?
noname [10]

Answer: It is A- assassination of Malcolm X

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • In order to obtain a warrant, police must have ____.
    11·1 answer
  • What was the primary goal of the Emergency Quota Act of 1921?
    6·1 answer
  • Which of the following is an example of the cultural makeup of the Mediterranean sea region
    12·1 answer
  • Can a theocracy co-exist with monarchy
    12·1 answer
  • Which structure is found in all eukaryotic cells? A. Flagella B. Cilia C. Large Central Vacuole D. Golgi Apperatus
    15·1 answer
  • Sullivan is suggesting that the United States A) will not be truly free without abolition. B) must have a social revolution to b
    8·2 answers
  • What is Mexico's most<br>important mineral product?​
    5·2 answers
  • If you are black but light skin how long should you be outside to get darker?
    7·1 answer
  • How do interest groups play a role in foreign policy? A) Interest groups only care about domestic issues that directly affect th
    13·1 answer
  • HURRY PLS
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!