a. Which of the following factor determines whether it is worth buying or selling goods internationally? b. Which of the following goods and services is least likely to be traded internationally? music cars landscaping services clothes
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Trade costs include transportation costs, tariffs, taxes, and other expenses associated with conducting international trade. Show more…
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Explain briefly whether each of the following would be more likely to lead to a higher level of trade for an economy, or a greater imbalance of trade for an economy. a. Living in an especially large country b. Having a domestic investment rate much higher than the domestic savings rate c. Having many other large economies geographically nearby d. Having an especially large budget deficit e. Having countries with a tradition of strong protectionist legislation shutting out imports
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