which of the following is a benefit of global trade to producers? course hero

What are the advantages of international trade for producers?

It created an opportunity for the producers to reach beyond the domestic markets, i.e., markets of their own countries. It gave consumers a wider choice of good quality goods.

Do you think that profits from international trade must increase?

That’s right. To the extent that all participating countries are able to benefit from international trade, profits must increase or the endeavor of trade is futile. Question 6 When a nation requires fewer resources than another nation to produce a product, the nation is said to have a __________.  Selected: a.

How do the benefits of international trade accrue?

The benefits of international trade accrue due to a number of factors which ultimately will result when products are available at a lower cost of production from other economies. Some contributing factors which allow for this are greater efficiency of production, variety of products, etc.

What is included in the overall measure of trade?

current trade balance; finance, law, and software product design. current account balance; goods, services, international income flows, and foreign aid From an economic perspective, returns on foreign investment are included in the overall measure of trade because financial investments:

What is balance of trade?

the balance of trade in goods. . the level of trade in services. the balance of trade in goods. A country's current account balance refers to a broad measure of the balance of trade that includes: merchandise, services, and foreign capital investments. . goods, foreign capital investments, exported domestic services. .

What percentage of GDP is private savings?

A country finds itself in the following situation: the government budget surplus is 2%. of its GDP; private savings is 30% of GDP; and physical investment is 33% of GDP. Based on the national saving and investment identity, if private savings fall to zero, what.