/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q 41. Will nations that are more invol... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 10: Q 41. (page 267)

Will nations that are more involved in foreign

trade tends to have higher trade imbalances, lower trade imbalances, or is the pattern unpredictable?

Short Answer

Expert verified

Actually, pattern of trade is incalculable.

Step by step solution

01

Step 1. Definition

Foreign trade is the give and takes of goods or services between international borders and regions which we call imports and exports.

02

Step 2.

Foreign trade is generally unpredictable. Trade pattern depends on a various variety of factors which are also different like geography, economy, history, etc. because these factors are not fixed for all nations that鈥檚 why trade is also unpredictable.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

For each of the following, indicate which type of government spending would justify a budget deficit and which would not.

a. Increased federal spending on Medicare

b. Increased spending on education

c. Increased spending on the space program

d. Increased spending on airports and air traffic control

Is it better for your country to be an international

lender or borrower?

The United States exports 14% of GDP while Germany exports about 50% of its GDP. Explain what that means.

If domestic investment increases, and there is no change in the amount of private and public saving, what must happen to the size of the trade deficit?

What three factors will determine whether a nation has a higher or lower share of trade relative to its GDP?
See all solutions

Recommended explanations on Economics Textbooks

Taxation Economics

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.