Which of the following argues that it is in a countrys best interest to maintain a trade surplus?
Ngày đăng:
08/09/2022
Trả lời:
0
Lượt xem:
163
Show U.S.-Taiwan Trade Facts Overview
Exports
Imports
Trade Balance
Investment
What principle or theory argues that it is in a country's best interest to maintain a trade surplus quizlet?Theories of international trade claim that promoting free trade is generally in the best interests of a country, although it may not always be in the best interest of an individual firm. Underlying most trade theories is the notion that different countries have particular advantages in different productive activities.
What is David Ricardo's theory of comparative advantage?Ricardo's widely acclaimed comparative advantage theory suggests that nations can gain an international trade advantage when they focus on producing goods that produce the lowest opportunity costs as compared to other nations.
What is comparative theory of international trade explain?The theory of comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production. Comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in.
What is new trade theory of international trade?New trade theory (NTT) is a collection of economic models in international trade theory which focuses on the role of increasing returns to scale and network effects, which were originally developed in the late 1970s and early 1980s.
|