why is trade necessary? explain with example​.

Answers

Answer 1
Trade has always been important…Because no country can produce all the products and services that the population needs. To give you an example, imagine that each country is a person like yourself. You can’t build a modern house by yourself, you can’t make a car by yourself, you can’t generate the electricity by yourself. You rely on the services provided by other people. Others make the things you need, while you specialize in one service. Your work is a service to others, and others pay you for it.
Answer 2

Trade is essential for maintaining a competitive global economy because it spurs innovation and encourages markets to specialize. The ability to trade also provides access to goods and services that may be of higher quality and less expensive than their domestic counterpart.

Who benefits more from trade?

Trade promotes economic growth, efficiency, technological advancement, and, most importantly, consumer welfare. Trade benefits middle- and lower-income households the most by lowering prices and increasing the product variety available to them.

Trade enables American consumers to purchase a broader range of goods at lower prices, raising real wages and allowing families to spend more of their current incomes. This is especially important for middle-class consumers, who spend a greater proportion of their disposable income on high-priced food and clothing.

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Related Questions

how do societies answer the three economic questions??​

Answers

Free point lol bye

Free point lol bye

Free point lol bye

Free point lol bye

do you think you can achieve more now than that you small​

Answers

Answer:

Yes,

Explanation:

Most likely there's a big difference in size. So you can do a lot of stuff when you're small, but most human things require you to be big. Examples: Driving a car, Riding a rollercoaster, and riding a bike! Those are just a few examples on why you can do more things when you're bigger!

Which of the following is not a common cause of culture change? A. migration B. homogeneity C. trade D. war

Answers

Answer:Migaration Explanation:Ps i took this quiz
I think The answer is A. Migration

What rumor caused the French government to reconsider the value of Louisiana colony?

Answers

Answer:

Some heard that gold and silver could be found in Louisiana.

Explanation:

Answer:

it's a on edge

Explanation:

In regards to the Law of Supply, Price and Quantity Supplies have A direct relationship (if price goes up quantity supplied goes up too) An indirect relationship (if price goes up quantity supplied goes down) A varying relationship (if price goes up it depends on the specific situation to determine if quantity supplied goes up or down) No relationship because it is price and supply (shouldn't be quantity supplied)

Answers

Answer:

A direct relationship (if price goes up quantity supplied goes up too)

Explanation:

The law of supply states that as the price of a good increases so does the quantity the supplier is willing to provide to the consumer. Also as price decreases the quantity the supplier is willing to provide reduces all things being equal.

Increase in price results in an increased profit for the supplier so they are motivated to supply more of the good.

Therefore there is a direct relationship between the price and quantity supplied of a good.

For example if the price of a good is $10 and the supplier incurs cost of $7 in producing it he will make a profit of $3. An increase in price to $20 will increase his profit to $13.

This will motivate him to increase production.

This graph shows how acid rain can impact life all around us. Which of these is NOT one of the effects represented in the graph? A) contamination of the soil B) radioactive waste disposal C) pollution of water sources D) damage to plants and forests

Answers

Answer:

Radioactive waste disposable

Explanation:

People crossed over from Asia to America by crossing over the what ?

Answers

Answer they crossed a land bridge to get to america.

Explanation:

Give reason the health of people is directly related to the status of environment​

Answers

Answer:

Explanation:

The state of the environment directly affects people and their health status. Pollution can cause great damages to health.

If people breathe contaminated air, it can hurt their respiratory system and result in damage to the lungs and throat. Water that is polluted can poison people and cause stomach problems and illnesses. If the waste is not properly disposed of, toxic and hazardous substances can hurt and infect people. Climate changes affect chronic patients, as well as the mental health of the people around the world.

Therefore, we can conclude that everything that is happening around us and in the environment directly concerns us and our health.

how can culture society and politics be likened to the parts of human body​

Answers

The correct answer to this open question is the following.

Culture, society, and politics can be likened to the parts of the human body​ in that they are closely related and are key components of the structure in a society. Culture, society, and politics play a key role in the development of societies, as the body systems are necessary for the human body to live in healthy conditions.

Culture, society, and politics are very particular for every country, the same way that every human body has specific characteristics that make it unique. When one of those aspects fails, society feels it and there are moments of chaos. The same way when somebody system fails, the whole body is affected.

During photosynthesis, plants produce?

Answers

Answer:

Cheese

Explanation:

Sorry my friend made me say that the answer actually this. During photosynthesis, plants take in carbon dioxide (CO2) and water (H2O) from the air and soil. ... The plant then releases the oxygen back into the air, and stores energy within the glucose molecules. Chlorophyll. Inside the plant cell are small organelles called chloroplasts, which store the energy of sunlight.

Why is Europe’s aging population an economic issue?

Answers

An aging population will need a pension when they stop working and medical treatments which can be costly.

A couple has a child while they are working as immigrants
in a foreign country. Even though the child was born on
foreign soil, he is recognized as a citizen of his parents'
home country because of their citizenship status.
The child described in the passage most likely has which type of citizenship?
A. Naturalized citizenship
B. Birthright citizenship
C. Jus sanguinis citizenship
D. Dual citizenship
SUBMIT

Answers

Answer:

Birthright Citizenship

Explanation:

Birthright citizenship is when a child is a US citizen because one or both parents is a US citizen, regardless of where they are born.

An increasing federal deficit will likely put an end to__________
A. Categorical grants
B. Revenue sharing
C. Unfunded mandates
D. Devolution

Answers

Answer:

Revenue Sharing

Which statement best explains why invertebrates often have outer skeletons but vertebrates do not?

The outer skeleton provides protection, since invertebrates do not have backbones.
The outer skeleton surrounds the spinal cord, since invertebrates do not have backbones.
The outer skeleton helps invertebrates maintain homeostasis, since they lack spinal cords.
The outer skeleton helps invertebrates maintain homeostasis, since they lack membrane-bound organelles.

Answers

Answer:

A

Explanation:

The statement that best explains why vertebrates do not have outer skeletons is that the outer skeleton protects since invertebrates do not have backbones. The correct option is a.

What are vertebrates?

Vertebrates comprise all animal taxa within the subphylum Vertebrata chordates with backbones, including all mammals, birds, reptiles, amphibians, and fish. Vertebrates represent the overwhelming majority of the phylum Chordata, with currently about 69,963 species described.

All vertebrates are built along the basic chordate body plan: a stiff rod running through the length of the animal vertebral column and or notochord with a hollow tube of nervous tissue the spinal cord above it and the gastrointestinal tract below. In all vertebrates, the mouth is found at, or right below, the anterior end of the animal, while the anus opens to the exterior before the end of the body. The remaining part of the body continuing after the anus forms a tail with vertebrae and spinal cord, but no gut

Vertebrates make up less than five per cent of all described animal species; the rest are invertebrates, which lack vertebral columns.

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Allocation is the distribution of a good or service.

Answers

Answer:

distribution of a GOOD

Explanation:

Can be lethal to humans but is used in small quantities to kill germs in water

Answers

Answer:

Chlorine can be lethal and is used in small quantities to kill bacteria in water

3 stakeholders for racial justice

Answers

Answer:

The 3 most important stakeholders are suppliers, distributor, and business partners. Sorry if this was not what you were looking for.

Hope this helps you, stay safe, and have a great day!

Happy Halloween and have a great weekend! :) :D

Caleb, Isaiah, Kylie, and Taylor are all lawyers. After several years of working for big firms, they decide to pull their resources and start their own law practice together. The four of them will make all their business decisions together and will share all of the profits and financial risk.

Answers

Answer:

This type of corporation or coming together to form a business is called partnership

Explanation:

A partnership is simply known to be the coming together or an associatation whereby there are 2 or more persons for the purpose of a profit business and they are called co-owners of the business.

Partnership do exist when there is A profits or losses to be shared, A joint ownership of the business and an equal right to be involved in management. An agreement in partnership exist in oral, written, or implied by conduct and partners in this regard have equal rights in managing, unless if there is an alternative agreement.

This article was published in a newspaper in 1825. Why would a historian question the reliability of this source? O It was published too soon after the event occurred. O It was published long after the event occurred. O It is a primary source, and therefore not reliable. 0 It is a secondary source, and therefore not reliable.​

Answers

Answer:

It was published long after the event occurred.

Explanation:

edge 2020

Parents are complaining about offensive imagery on television during the early morning hours when children are watching television. What commission should they go to, and what is the commission's role (regulate, administrate , or implement ) in fixing the problem ?

Answers

Answer:

These parents should go to the Federal Communications Commission, also known as the FCC. The FCC is in charge of any offensive material broadcast over the television, radio, or wire. The function of the FCC is regulatory, which means it is responsible for overseeing compliance with policies as well as creating new policies.

Explanation:

its what i put and it was right

which computer based model do psychologists use to explain the learning process in humans ?
A. cognitive processing model
B. information processing model
C. memory processing model
D. sensation processing model

Answers

Answer: information processing model

Explanation: got this answer right on edmentum

Which of the following factors does not affect population? A immigration B emigration C death rate D diffusion

Answers

Answer:

D

Explanation:

Diffusion is the spread of cultural beliefs from one group of people to another. All other answers involve people coming to or leaving a specific country, and therefore affect population.

Virginia and the Carolinas (Southern colonies) were established as commercial ventures. What does that mean?

a.it was for religious purposes

b.it involved the buying and selling of goods to make money

c.it was set up to spread Christianity

d.it was a place for debtors who were in prison in England

Answers

Answer:

a

Explanation:

Two states which would most likely support representation in the new congress based on population

Answers

Answer:

New York and (I think) Rhode Island.

Explanation:

They are both densely populated.

why is project important ​

Answers

Answer:

yes,it is very important

Explanation:

because it ensure what is being delivered is right and will deliver real value against businesses opportunity.

A project may also improve brand awareness in the marketplace.

WHOEVER ANSWERS FIRST AND CORRECTLY WILL GET 5 STARS AND BRAINLIEST!

Question:
How does this ad represent its attitude toward the stamp act?

Please make sure to answer in 3-5 complete sentences.

Thank you.

Answers

Answer:

The Stamp Act was very unpopular among colonists. A majority considered it a violation of their rights as Englishmen to be taxed without their consent—consent that only the colonial legislatures could grant. Their slogan was "No taxation without representation".

Explanation:

True or false: The colonists view the Townshend Act as an abuse of British power.

A. True

B. False

I’m a little confuse on that^



Why was the picture of the Boston Massacre an example of propaganda?

A. It wasn’t, it was an accurate account of what actually happened?

B. It was created in such a way to deliberately make the British soldiers look bad and the colonists to look innocent.

C. It made the British look very good in standing up to bullies.

D. It helped British citizens in England support the colonists.

Would it be B?



These colonists believed that patriots were dangerous and many fled to Canada.

A. Loyalists

B. Patriots

C. Undecided

Would it be A?



This man was one of the founding fathers, he also a leading speaker and coordinator of the American Resistance.

A. King a George the third

B. George Washington

C. Samuel Adams

I’m stuck between B and C.

Answers

Answer:

True

Explanation:

It's true because the Townshend Acts were a series of measures, passed by the British Parliament in 1767, that taxed goods imported to the American colonies. But American colonists, who had no representation in Parliament, saw the Acts as an abuse of powe.

HELP PLEASE A map of the ancient Middle East. The Egyptian Empire is shaded and extends from Nubia in central Africa through upper and lower Egypt, with the Nile River as the empire's spine. The empire also extends along the eastern shores of the Mediterranean to Syria and the city of Kadesh in the north. A network of Egyptian trade routes connects the empire with other regions. What is the main purpose of this map?

Answers

Answer:

The main purpose of this map is to show the trade route across Egypt.

Explanation:

The details provided in the question suggests that the map is a trade route map. A trade route map is used to indicate the trade pathways and places of stoppings. Such maps were used mainly for commercial purposes for transporting cargos and trades from one place to another.

In the given trade route map, the trade route across Egyptian empire is revealed. The map shades particularly Egyptian empire and it's trade route that's spread across the empire and connects with other regions.

Therefore, the main purpose of this map is to reveal trade route across Egypt.

Answer:

To show the trade routes through Egypt

Explanation:

This Answer applies to E2020 test.

What was played by an American military band after the victory at Saratoga

Answers

Answer:

gates, schuyler and morgan

Answer:

It's yankee doodle

Explanation:

I got it right on the quiz!

Stay safe and wear a mask bbys :)

master policies issued for _____​

Answers

Under a group insurance policy issued for employees, the contract issued to the employer.
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