the capital-abundant country after it trades with the other nation

Q: Why would U.S. companies consider moving production outside of our country?

A: There are many reasons for moving the production outside of the U.S. one of the main reason is the…

Q: That a rich country like Germany has such a small ratio of imports to GDP as compared to Belgium is…

A: Germany has the most significant gross domestic product (GDP) generated by the industry in the G7…

Q: How new is globalization?

A: Globalization: The term globalization refers to the opening of economies and establishment of…

Q: What were the positive and negative effects of the American-style "free trade" economy?

A: Free - Trade economy is an economy that allows the movement of goods and services without or with…

Q: How does diversification match up with specialization

A: Meaning of Specialization: The comparative advantage under specialization is because it is vital…

Q: How new is globalization? What has led to increased globalization?

A: Globalization is the process of bringing people from all around the world together. It's the process…

Q: The existence of money makes trade easier. How is it that money can also increase the standard of…

A: Before the presentation of money, there existed barter system in which individuals used to exchange…

Q: Question B: Suppose now that country B can trade freely. The world price is 25, explain why no goods…

A: When the domestic price is less than the world price, then the country is an exporter of the good.

Q: How does globalization affect communication? Explain thoroughly.

A: Globalization is the progression by which individuals and things transfer effortlessly across…

Q: Sending service jobs to low-cost nations, such as India, is good for America.” What are the…

A: US outsources its non-core activities to the low cost countries such as India and China. The india…

Q: globalization be harmful and beneficial. If I were to ask you is it beneficial or harmfu

A: Globalization- It is the process that affects the lives of people and economies of nations.…

Q: If  technological change allows on industry to save on the use of the factor it uses relatively less…

A: Technology – it is the machinery & equipment that is developed out of scientific knowledge to be…

Q: How is the Philippines central to the history of economic globalization? What is the role of the…

A: The BIS (2017a) defines globalization as the flow of goods and services, people, capital, and…

Q: What is economic globalization? What are the factors that facilitate economic globalization?

A: Economic globalisation can be defined as the widespread international movement of goods and services…

Q: s internationalization just the same as globali

A: Export and Import: The term "export and import" are generally seen with reference to the trade of…

Q: True/ False Globalization gives a boost to the international trade.

A: The exchange of products, services, and capital across international borders is referred to as…

Q: How does economic globalization affect me as a Filipino?

A: Economic globalization is one among the  primary characteristics of globalization mentioned in…

Q: "Chinese workers earn only $0.75 an hour; if we allow China to export as much as it likes, our…

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: Explain the positive and negative aspects of globalization.

A: Globalization implies the speedup of developments and trades (of individuals, merchandise, and…

Q: ow does globalization affect culture and languages

A: Globalization" is a social interaction "described by the presence of global economic, political,…

Q: NAFTA has improved Mexico-U.S. trade and investment, yet, bilateral trade between the United States…

A: Trade means goods and services are exported to other countries and imported from outside the…

Q: Should foreign corporations be allowed to invest in U.S. industries without any restriction? What…

A: The markets are the place where the buyers and the sellers, or the firms tend to meet and interact…

Q: Is rapid industrial development a blessing or a curse for America?

A: Industrial Revolution was the process of transformation from an agrarian to handicraft economy and…

Q: Suppose there is an increase in labor in a large country. What are the effects on growth, trade, and…

A: A "welfare state" is a form of governance in which the national government has a significant…

Q: Analyze how the expansion and contraction of international trade might affect the direction of…

A: The movement of products, services, capital, and technology between nations is referred to as…

Q: Will cheap foreign wages alone make production in a foreign country (with the low wages) profitable?…

A: Production activity requires the conversion of inputs into finished and valuable goods and services.…

Q: Is it possible for a country to gain from trade even when it has lower productivity than its trading…

A: Is it possible for a country to gain from trade even when it has lower productivity than its trading…

Q: What is economic globalization? Is it purely evil or is it a necessary evil? Why?

A: Introduction A nation's economy is its capacity for the creation, exchange, and consumption of…

Q: How has free trade impacted the manufacturing sector of the US economy?

A: In the United States, free trade played significant role as it influenced the overall working of US…

Q: What is the theory of country size? How is country size determined? How does country size affect…

A: International trade is the exchange or trade of products and services between various countries.…

Q: True or False. And why? Suppose the US is a more capital-abundant economy than China. We would…

A: This question requires knowledge of Heckscher-Ohlin model  which is an economic theory that states…

Q: How do we link the concept of globalization with the economic effects resulting from the decline in…

A: The exposure of an economy with the rest of the world is referred to as globalization. Globalization…