International Trade Questions and Answers

International Trade

Mercantilism itself is an outdated theory, one which had its origins in the establishment of European kingdoms as nation-states in the seventeenth century. Many of its assumptions were based on the...

Latest answer posted November 20, 2017 6:05 pm UTC

4 educator answers

International Trade

China's trade policy, and economic policy more broadly, not only could be but has in fact been characterized as neo-mercantilist. As one economic analyst puts it, the economic regime in China has...

Latest answer posted May 25, 2019 3:08 pm UTC

3 educator answers

International Trade

The best answer of the choices provided here is B. According to economic theory, countries should produce and export those goods for which they have a comparative advantage. One country (Country...

Latest answer posted September 10, 2012 4:54 am UTC

1 educator answer

International Trade

A benefit to an international business that deals in goods relates to market. While the major disadvantage of dealing with goods internationally is transportation of goods and cost of...

Latest answer posted May 30, 2013 1:39 am UTC

1 educator answer

International Trade

This is a complex question and one which requires an element of forecasting. To understand it more precisely, it is first necessary to ask what is meant by "a better trade agreement." It is clear...

Latest answer posted April 13, 2020 3:24 pm UTC

1 educator answer