Answer:
The country that has a trade deficit is US and the country that has a trade surplus is China.
A country has a trade surplus if the value of export is greater than the value of import.
A country has a trade deficit if the value of export is less than the value of import.
If the US buys goods from China, it is considered import to US and export to China
Total value of export in China / Total value of import to US:
Cost of goods and services purchased + humanitarian aid + amount spent by tourists + amount spent in the stock market
$800 + $100 + $200 + $1000 = $2100
Total value of export in US / Total value of import to China:
Cost of goods and services purchased + humanitarian aid + amount spent by tourists
$1000 + $300 + $600 = $1900
Explanation:
hope it helps
Anwser:it’s c and d hope this is write!!
Well, in the case of mortality, this could be true. I say this because developed countries have better technology. This technology can be used in the hospitals to treat the sick. However, in developing countries, there is not much technology available for all these, so people may die of curable illnesses. Hope i helped.
Answer:
false
Explanation:
not all parents are traditional
Answer:
WTO is an intergovernmental organisation ; NAFTA is a 'free trade area' ; EU is an 'Economic Union'
Explanation:
The North American Free Trade Agreement (NAFTA) , European Union (EU) are economies at different level of Economic Integration.
World Trade Organisation is an international intergovernmental organisation, for regulating International Trade - of goods , services , intellectual rights. it also provides framework for trade agreements & dispute settlement. It has 165 member countries,
NAFTA is a 'free trade agreement' between 3 countries : US, Mexico, Canada; which is the lowest form of economic integration - including barrier free trade between the member countries.
EU is an 'Economic Union' between many European countries ; which is the second highest form of economic integration - including barrier free trade, common external tariffs, free labour & capital movement, common monetary & fiscal policy.
