Question and answer
• Why are trade agreements important for the various countries involved?
TTrade agreements bring many benefits for economies around the world. Trade agreements can foster economic growth by increasing trade for a nation.
Expert answered|danab1019|Points 136|
Question|Rated good
Asked 4/15/2012 12:14:37 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation or a developing nation?
Weegy: A trade surplus creates a river of money flowing into the country. A trade deficit causes a river of money flowing out of the country. It is not difficult to imagine what effect this has on an economy. [ Canada, Germany, Norway, and Sweden are major exporters (trade surplus), and they are known for their high standard of living and their generous social programs. Greece, Mexico, Pakistan, and Turkey have a chronic trade deficit. These economies are NOT noted for their high standard of living. And Greece just recently caused a debt crisis, because it ran out of money to borrow. This is a direct result of a trade deficit, because money flowing out of your country creates chronic debt. The USA became a prosperous nation 100 years ago because we were the king of globalization. What is happening today? Jobs leaving the USA, entire factories are shutting down and moving to foreign countries. 100 years ago, entire factories were moving to the USA. That's what caused that huge wave of immigration, because the factory owners often brought all their workers with them, paying their way in steerage on a steamer ship. ............... ] (More)
Question
Expert Answered
Asked 4/15/2012 12:20:19 PM
0 Answers/Comments
How does international trade affect a country’s standard of living?
Weegy: "U.S. goods (exports plus imports) increased from 9.2 percent of gross domestic product in 1960 to 28.6 percent in 2007. This expansion of international trade has benefited the United States and its trading partners considerably. [ The benefits include a higher standard of living, lower prices for consumers, improved efficiency in production and a greater variety of goods," writes Krol. In fact, international trade is so beneficial that a global elimination of trade barriers would boost the income of Americans by a total of half a trillion dollars. Among the biggest criticisms of free trade is that it takes a toll on domestic workers. The study, however, finds that international trade only directly affects 15 percent of the U.S. workforce. Moreover, while "trade can result in the displacement of workers in industries that must compete with imports, the impact is modest relative to overall employment growth." The author concludes: "Recent polls and political rhetoric suggest support for continued trade liberalization may be waning - and that is of concern. A movement away from the relatively open global trading system that is currently in place would impose significant economic costs on the United States and the rest of the world." ............... ] (More)
Question
Expert Answered
Asked 4/15/2012 12:49:11 PM
0 Answers/Comments
17,909,885 questions answered
Popular Conversations
3x+3/18x= User: 10x+3/=
Weegy: this is quite simple, if you read over the question a few times and learn the tendencies. One number is ten ...
10/20/2014 5:27:08 PM| 5 Answers
Unfortunately, my mom told me it was time for my annual check ...
Weegy: Unfortunately, my mom told me it was time for my annual check up. Annual means yearly. User: Choose the ...
10/20/2014 4:18:03 PM| 4 Answers
Solve the inequality. 2(4 + x) > 4(x + 4) A. x > 4 B. x > ...
Weegy: 2w + 3 > 14; 2w > 14 - 3; 2w > 11; w > 11/2 User: Solve the inequality. 5a + 12 6 B. a < 6 C. D.
10/21/2014 12:59:56 PM| 3 Answers
Which value for x makes the sentence true? 8x = 3x 30
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: 7x - 5 = 3x + 11 Weegy: 8x + 3 = 7x - ...
10/20/2014 7:11:38 AM| 2 Answers
Which value for x makes the sentence true? 8x = 3x + 20
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: Which value of x makes the following ...
10/20/2014 7:16:30 AM| 2 Answers
Which value of x makes the following equation true? 3(x - 3) = -2x ...
Weegy: 6(x - 2) = -2x + 28 6x - 2 = -2x + 28 6x - 12 = 28 + 2x 8x - 12 = 28 8x = 28 + 12 8x = 40 x = 40/8 x = ...
10/20/2014 7:18:42 AM| 2 Answers
After the auditorium filled up,we seated about fifty people on the ...
Weegy: After the auditorium filled up, we seated about fifty people on the stage. The sentence structure is: ...
10/20/2014 9:35:49 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2227 [Total 14602]| Ratings 0| Comments 2227| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1418 [Total 10899]| Ratings 3| Comments 1388| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 759 [Total 12988]| Ratings 0| Comments 759| Invitations 0|Offline
S
L
Points 482 [Total 1881]| Ratings 0| Comments 482| Invitations 0|Offline
S
1
L
L
Points 455 [Total 6249]| Ratings 3| Comments 425| Invitations 0|Offline
S
Points 454 [Total 454]| Ratings 0| Comments 424| Invitations 3|Online
S
Points 335 [Total 336]| Ratings 3| Comments 305| Invitations 0|Offline
S
Points 197 [Total 197]| Ratings 1| Comments 187| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.