All categories

3 years ago

A reason that countries Trade with each other is...?

2 answers:

8 1

Trade between different countries consists of the purchase and sale of goods and services between different countries. In this way, when one country sells something to another, we say that there is an export and when we buy from abroad we will talk about importation.

The main reason that there is international trade is that countries have different resources. This makes some countries able to produce better or cheaper products, so it is logical to specialize in producing those goods and buying from abroad those that a country is not able to produce so cheap.

scoundrel [369]3 years ago

7 0

A reason that countries Trade with each other is Differences in Resources.

Further explanation:

Global trade between countries is the essence of the modern world. Countries differ in resource endowments like different quantity and quality of human capital, different technologies, and different natural resources. Every country does not have the same kind of natural resources because of which the necessity for trade arises. Computers are produced in the US and toys in China because of the difference in resources needed to produce goods. US has such resources that provide the US comparative advantage in computers. Similarly, resources in China provide China a comparative advantage in the production of toys. A country is said to have a comparative advantage in a good that can be produced at the least cost compared to any other country.

Therefore, a reason that countries trade with each other is Differences in Resources.

Learn more:

1. Learn more about protectionist trade policy

brainly.com/question/9263382

2. Learn more about Exchange

brainly.com/question/3814456

3. Learn more about Trade Flows

brainly.com/question/8677367

Answer details:

Grade: Middle School

Subject: Economics

Chapter: International Trade

Keywords: a reason, that, countries, trade, with, each other, international trade, modern world, globalized world, differences in resources, comparative advantage, trade policy, resources, produced at the least cost, natural resources, global trade, countries differ in resource endowments.

You might be interested in

What’s the relationship between the British and the American Indians living in North America

balu736 [363]

It depends on the time period. In the 1600s when they just settled in Jamestown, they most likely didn’t know that they were there (at least how many were there) but later, of course they started driving them off so they could build more of America. I’m actually studying this in school right now so I hope I am correct. Don’t be sure this is right though...

8 0

3 years ago

Compare and constrast levels of processing theory with transfer appropriate processing. Describe experimental results for both a

Archy [21]

Levels-of-processing theory states that memory depends on the depth of processing an item receives. In contrast, Transfer-appropriate processing, a sort of state-dependent memory, demonstrates that the relationship between information first encoded then retrieved determines memory performance rather than just the depth of processing.

Craik and Endel Tulving did an experiment that tested the subjects' different levels of processing. The results of the experiment showed that deeper processing is linked with better memory. Transfer-appropriate processing demonstrates that matching conditions during encoding and retrieval improves performance.

Donald Morris did an experiment that showed that transfer-appropriate processing works by showing that retrieval is better if the same cognitive tasks are involved in both encoding and retrieval. The results showed that memory was better for those people who focused on what was tested on when studying the information.

According to Information Processing Theory, the process of developing a long-term memory takes place in stages. On the other hand, transfer-appropriate processing says that encoding must go well in order for memory to be correctly recalled.

To know more about processing visit:

brainly.com/question/26092795

#SPJ4

3 0

1 year ago

When a government employs embargoes, quotas, and tariffs on foreign goods entering the country, it is exhibiting ________.

Y_Kistochka [10]

Answer:

Trade Barriers

Explanation:

According to my research on international trade, I can say that based on the information provided within the question the term being defined are called Trade Barriers. Like mentioned in the question these are certain restrictions that are placed on different foreign goods entering the country. They either add certain costs to what is being imported or control the amount that can be imported. Such impositions are called Tariffs, Non-Tariffs or Quotas.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

Who does achelois fear?

sasho [114]

Answer: she feared that her body was so powerful it may take over the world.

Explanation:

3 0

3 years ago

Read 2 more answers

i need some research on sustainable cities in UK for a project in class cant find good sources i need sources

Ray Of Light [21]

Answer:

https://www.arcadis.com/en/united-kingdom/our-perspectives/london-and-edinburgh-among-world-s-most-sustainable-cities/

Explanation:

try this sorry if not

8 0

3 years ago