When countries join together to eliminate duties and other trade barriers, allow companies to invest freely in each other's country, and allow workers to move freely across borders, they are said to have
a. free-trade zones. c. a free trade-agreement.
b. most favored nation status. d. a common market.
Question 2
Governments encourage and promote its country's exports primarily because
a. exports create jobs and foster economic prosperity.
b. exports increase the country's international image and reputation.
c. exports increase government revenues through selling export insurance.
d. none of the above
Ecological footprints of different countries.
Relative Energy Consumption per Person for Selected Countries
American Foreign Trade, 1790–1812
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Many countries do not produce enough food and need to import food from the United States
Share of Human Capital in Wages in Developing Countries