What role does competition play in international trade??

Answers

Answer 1

Answer:

The competition in international trade drives down prices for consumers.

International competition is the driving force behind the globalization of production and markets. There are several ways how international companies can compete: via exporting, licensing and other contractual agreements, and investment. Competitive market is always characterized with fall of the prices.

Answer 2

Answer:

Competition plays a vital role in international trade. It drives innovation, lowers prices, and improves the quality of goods and services.

Innovation

Lower prices:

Improved quality:

* Two companies in the United States, Apple and Samsung, compete to produce and sell the best smartphones. This competition drives innovation, as both companies are constantly trying to develop new features and improve the performance of their smartphones. It also keeps prices competitive, as both companies are trying to undercut the other on price. This benefits consumers, who can get the best smartphones at the lowest possible prices.

Competition in international trade is not without its challenges. For example, it can lead to job losses in some sectors as businesses move production to countries with lower labor costs. However, the overall benefits of competition outweigh the challenges.

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As Americans We Celebrate Our Unity And Also Celebrate Our Diversity. Why Are Both Strengths Of Our Country?

Answers

Both are strengths because they coexist. It is beauty to exist in harmony and still love and embrace our differences. America is a melting pot, full of different people, colors, places, and beliefs but even still it is known as "America", the one country that is well respected and admired because of the power it holds.

What did scholars study to help them decipher hieroglyphics? A. Behistun Rock B. Cuneiform C. Sumerian alphabet D. Rosetta Stone

Answers

Scholars studied the Rosetta stone and was found in 1799. It is currently in the British Museum

It is Rosetta Stone I hope this helped :)

In mercantilism, a country's wealth was determined by how much ________it had.

Answers

The correct answer is: gold and silver.

Mercantislism was an international economic policy approach which consisting on maximizing a country's exports. It was specially popular in the 16th-18th centuries. It is considered one of the forces that motivated European countries to colonize territories.

The wealth of the countries was measured in terms of the amount of precious metals they had in their balance. If the amounts of gold and sirver were large, these evidenced that the values of the country's exports had exceeded those of its imports.

Cheap raw materials from its colonies, allowed a country to produce at a low cost and then to sell manufactured exports at higher prices in the international markets.

the answer is gold and silver

How did the development of tools prove useful for early humans?

Answers

Well the tools helped to make things in less effort, less time, and better quality.

Merchants and master workers make up thea. lower class
c. upper class
b. middle class
d. none of the above

Answers

Answer:

The Answer is B. Middle class.

Explanation:

Merchant is middle class.

Getting a haircut from a barber is an example of a service that can be purchased.

Answers

The correct answer for the question that is being presented above is this one: "TRUE." Getting a haircut from a barber is an example of a service that can be purchased. The statement is true because the service that the barbers offered has to be paid off. It's their work for a living.

Other Questions

In his book The Elusive Quest for Growth, development economist William Easterly discusses the relationship between foreign aid and investment in poor countries. He posits that to establish the effectiveness of aid in promoting investment, two tests should be passed: First, there should be a positive statistical association between aid and investment; second, aid should pass into investment 1 for 1, that is, a 1 percent (of GDP) increase in aid should result in a 1 percent (of GDP) increase in investment. Using a data set of 88 countries from 1965 to 1995, he finds that only 17 of 88 countries pass the first test, and of them, only 6 pass the second. Based on the information in the chapter, and perhaps your own reading, explain why foreign aid designed to spur investment usually does not work.

Which country uses tax brackets as part of its tax system? Canada Australia South Africa All of the above

It is impossible for any critic to not be somewhat influenced by his own beliefs, values, and prejudice. a. True b. False

Michael wants to go to medical school because he sincerely wants to help others. To achieve his goal, he studies hard to keep up his grades, stays active in his community, and asks his school adviser for feedback about his academic progress. Michael's behavior is consistent with the process of _____.