All posts in "International Trade"
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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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international trade when world price is less than equilibrium

By admin / February 17, 2022

If the market price is below the equilibrium price, quantity supplied is less than quantity demanded, creating a shortage. … Therefore, shortage drives price up. If a surplus exist, price must fall in order to entice additional quantity demanded and reduce quantity supplied until the surplus is eliminated.

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what did outlawing the international slave trade mean

By admin / February 17, 2022

The Act Prohibiting the Importation of Slaves, 1808

Twenty years later, the Act “to prohibit the importation of slaves in any port or place within the jurisdiction of the United States, from and after the first day of January [1808.]” was passed.

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