Best International Trade Questions and Answers (Q&A) - ProProfs Discuss

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What would not be the case when a country allows for trade and becomes an exporter of the good?

Anika Nicole, Wordsmith
Answered: Jun 20, 2018

"The losses of domestic consumers exceed the gains of domestic producers". This is definitely not true when a country allows for trade and becomes an exporter of the good. There are other two...Read More

4 Answers

642 views

What generalization can be made about the relationship between GDP and literacy?

M. Porter, Senior Executive
Answered: Dec 21, 2018

Literacy is usually higher in countries with higher GDP. Education and monetary worth of a country are very important factors in measuring a country’s growth. It is believed that ther...Read More

2 Answers

530 views

What do you understand by restricting trade?

H. Martin, Content Writer
Answered: Feb 01, 2019

Trade restriction can sometimes be necessary to make the economy grow. Some people become too accustomed to the items that are from different countries that they forget to love their own...Read More

3 Answers

480 views

What will happen if a country allows trade and the domestic price of a good is higher than the world price?

John Adney
Answered: May 18, 2017

Because I believe we need to see the demand in its country to decide whether such a country needs to import the goods.

2 Answers

439 views

What is the importance of tariff and import quota?Â

Emmanuel Ayensu
Answered: Nov 13, 2017

Reduce the quantity of imports and raise the domestic price.

2 Answers

402 views

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International Trade Questions and Answers (Q&A)

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