Question and answer
trade is
Question
Asked 11/29/2014 11:59:22 AM
Updated 2/13/2018 12:05:11 AM
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Flagged by emdjay23 [2/13/2018 12:05:11 AM]
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User: trade is

Weegy:
Free trade is a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports) or quotas. According to the law of comparative advantage, the policy permits trading partners mutual gains from trade of goods and services.




User: China does not have comparative advantage in which factor of production? Options Labor Land Capital Technology

Question
Asked 11/29/2014 11:59:22 AM
Updated 2/13/2018 12:05:11 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [2/13/2018 12:05:11 AM]
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Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.

Added 2/13/2018 12:05:08 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [2/13/2018 1:06:18 AM]
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The market-oriented system is also known as- Options Capitalism Socialism Communism Modified communism
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China does not have comparative advantage in which factor of production? Options Labor Land Capital Technology
Question
Not Answered
Updated 11/29/2014 6:54:08 AM
1 Answer/Comment
China does not have comparative advantage in capital factor of production.
Added 11/29/2014 6:54:08 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [11/29/2014 8:21:46 AM]
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