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7. how do consumers benefit from international trade

By admin / February 17, 2022

Benefits of international trade: Consumers benefit with high-quality goods at lower prices. Producers improve profits be expanding their operations. … The difference in value between a nation’s exports and imports is called its balance of trade.

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what is nondiscrimination in international trade

By admin / February 17, 2022

without discrimination — a country should not discriminate between its trading partners (giving them equally “most-favoured-nation” or MFN status); and it should not discriminate between its own and foreign products, services or nationals (giving them “national treatment”);

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how do you determine the ethical values related to international trade?

By admin / February 17, 2022

Ethical standards establish trust between parties doing business together, including both partners and customers. Organizations earn this trust by demonstrating a pattern of ethical behavior over time, gaining a reputation for fair dealing and respect for human rights and social responsibility.