Elucidate facilitating factors that explain the growth
Elucidate facilitating factors that explain the growth of trade?
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1. Transportation technology has improved over the years.
2. Communications technology allows traders to make deals in trade and global finance very easily.
3. Trade barriers declined dramatically since 1940, and the trend toward free trade continues.
For rapid growth of world trade what are the factors of account since the Second World War?
What are the determinants of demand?
Illustrate the 4th role is the reallocation of resources?
Question: 1. Long-term Growth, International Trade & Globalization a. In terms of understanding the importance of trade to an economy, the most impor
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What are the benefits and costs of Marginalism?
Briefly explain how the competitive market economy will make the needed adjustments to reestablish an efficient allocation of society’s scarce resources?
simultaneous method in demand forecasting?
Distinguish between a change in demand and a change in the quantity demanded?
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