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Reptile [31]
4 years ago
11

I NEED THIS FAST WILL MARK BRAINLEST In five or six sentences, explain international trade. Be sure to discuss imports, exports,

absolute advantage, comparative advantage, balance of trade, and balance of payments in your response.
Business
1 answer:
vitfil [10]4 years ago
6 0
Too put it simply, international trade is an act of exchanging economic products through the activities called imports ( buying a product from other country) and export (selling product to another country).

The amount of total import and export will affect the Balance of trade of the country, which is a difference of the amount of that country's import and export

in an international trade some countries can produce a specific product more efficiently than other products in that country , which called and comparative advantage, and more efficiently than other countries, which called absolute advantages

<span>hope this helps</span>
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1. The need for Affiliation

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The need for Affiliation: This is motivator that wants to belong to a group, will often like to go along with others in the group and hates uncertainty.

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The need for Power: This is a motivator that wants to be in  control, enjoys competition and like to win all arguments.

Generally, this theory helps to identify the determinant motivators in a group/team

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3 years ago
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Its only the 2017 new Ford that produced in 2017 that would be counted as part of 2017's GDP

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Agreed to work together to control the price of domestic steel.

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<h3>What are the objectives of antitrust law?</h3>

The Sherman Act, the nation's first antitrust statute, was enacted by Congress in 1890 as a "comprehensive charter of economic liberty designed to maintain open and unhindered competition as the rule of commerce." The antitrust laws generally prohibit unauthorized mergers and business practices, leaving it to the courts to determine which ones are prohibited based on the specific facts of each case.

From the era of horses and buggies to the modern digital era, courts have applied antitrust rules to evolving marketplaces. Nevertheless, for more than a century, the antitrust laws have had the same fundamental goal: to safeguard the competitive process for the benefit of consumers, by ensuring that there are strong incentives for businesses to operate effectively, keep prices low, and keep quality high.

<h3>The three core federal antitrust laws:</h3>
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Learn more about antitrust laws here:

brainly.com/question/8431756

#SPJ4

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