Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mention at least two consequences of foreign trade on the level of profits of a country? Explain what the author's approach to comparative advantages

Mention at least two consequences of foreign trade on the level of profits of a country?

  1.  
  2. Explain what the author's approach to comparative advantages in foreign trade consists of and express your reflection on it?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer Consequences of foreign trade on the level of profits of a country Increased Export Profits Engaging in foreign trade allows a country to expor... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

More Books

Students also viewed these Economics questions

Question

z-scores and the normal distribution (Chapter 4)

Answered: 1 week ago

Question

_______________ The government spends more than it receives.

Answered: 1 week ago