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What happens when there is a surplus of imports brought into the U.S.?
Weegy: Whenever there is a surplus of products, regardless of origin, the price drops. Even to the point of selling at a loss, the holder has already paid the invoice and taxes, but still has to pay storage, [ the longer it holds the product the more money it costs, selling at a loss moves the product out of storage and clears the store front for another product.......... ] (More)
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Asked 7/26/2012 2:08:39 PM
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• What are the effects of international trade to GDP
Weegy: International trade is the exchange of capital, goods, and services across international borders or territories.[1] In most countries, such trade represents a significant share of gross domestic product (GDP). [ While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance has been on the rise in recent centuries. ] User: • What are the effects of international trade to the domestic markets Weegy: International trade increases the number of goods that domestic consumers can choose from, decreases the cost of those goods through increased competition, and allows domestic industries to ship their products abroad. [ While all of these seem beneficial, free trade isn't widely accepted as completely beneficial to all parties. This article will examine why this is the case, and look at how countries react to the variety of factors that attempt to influence trade. ............. ] (More)
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Asked 7/26/2012 2:18:34 PM
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• What are the effects of international trade to university students
Weegy: A student is a learner, or someone who attends an educational institution. User: • What are the effects of international trade on university students Weegy: Hello! Is there a question you have about being a student? Or would you like me to define the word student? Please clarify and I would be happy to assist you! User: What are the effects of international trade on university students? Weegy: you are experiencing the effects of international trade. International trade allows us to expand our markets for both goods and services that otherwise may not have been available to us. [ It is the reason why you can pick between a Japanese, German or American car. As a result of international trade, the market contains greater competition and therefore more competitive prices, which brings a cheaper product home to the consumer. Read more: ] (More)
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Asked 7/26/2012 2:39:07 PM
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Real gross domestic product is best defined as A. the market value of intermediate goods and services produced in an economy, including exports B. all goods and services produced in an economy, stated in the prices of a given year and multiplied by quantity C. the market value of all final goods and services produced in an economy, stated in the prices of a given year D. the market value of goods and services produced in an economy, stated in current-year prices
Weegy: c. The market value of all final goods and services produced in an economy stated in the prices of a given year. User: Underemployment includes people A. who work "off-the-books" to avoid tax liabilities B. who are working part time, or not using all their skills at a full-time job C. who are tired of looking for a job, so they quit looking, but still want one D. whose skills are not in demand anymore Weegy: D. whose skills are not in demand anymore User: The Bureau of Economic Analysis is responsible for which of the following? A. Setting interest rates B. Managing the money supply C. Calculating U.S. gross domestic product] D. Paying unemployment benefits Weegy: Answer is C. The Bureau of Economic Analysis is responsible for Calculating U.S. gross domestic product (More)
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Asked 7/26/2012 3:25:06 PM
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How are foreign exchange rates determined? User: • Why doesn’t the U.S. simply restrict all goods coming in from China?
Weegy: Determinants of Exchange Rates 1)Differentials in Inflation 2)Differentials in Interest Rates 3)Current-Account Deficits 4)Public Debt 5)Terms of Trade 6)Political Stability and Economic Performance (More)
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Asked 7/26/2012 3:16:33 PM
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