Using all that you have learned about trade-blocs, identify both the positive and negative aspects they can have on a country. Then, decide if, overall, their results are good or bad for the countries involved. Be sure to provide specific evidence to prove your stance. Your answer should be in complete and complex sentences and at least 150 words in length.

Answers

Answer 1
Answer: For the answer to the question above, the positive aspect of trade blocs is that consumers in all member countries benefit from higher quality goods and services at lower prices. This happens because of the elimination of barriers to trade, such as tariffs and quotas, which allows companies from different countries to compete equally with local companies. These companies benefit from increased access to resources, which lowers the cost of production of goods and services significantly.

While the negative side of it is that include the displacement of jobs because of increased competition from companies in member countries. Workers are usually displaced as companies are closed and they may remain unemployed for extended periods of time; workers usually get jobs later, but at a lower wage. National economies within a free trade bloc are susceptible to events such as recessions in other member countries, which affect them directly. This is because free trade blocs encourage specialization among member countries, which increases their dependency on each other.
Answer 2
Answer:

Answer:

the positive aspect of trade blocs is that consumers in all member countries benefit from higher quality goods and services at lower prices. This happens because of the elimination of barriers to trade, such as tariffs and quotas, which allows companies from different countries to compete equally with local companies. These companies benefit from increased access to resources, which lowers the cost of production of goods and services significantly.

While the negative side of it is that include the displacement of jobs because of increased competition from companies in member countries. Workers are usually displaced as companies are closed and they may remain unemployed for extended periods of time; workers usually get jobs later, but at a lower wage. National economies within a free trade bloc are susceptible to events such as recessions in other member countries, which affect them directly. This is because free trade blocs encourage specialization among member countries, which increases their dependency on each other.

Explanation:


Related Questions

How to engage in a protest
What factors lead to the tiaping rebellion
Some scientists believe the greatest scientific discovery of all time is _____.
There is usually a large black market presence in which economy? All modern economies use some combination of __________ and __________. a. capitalism . . . socialism b. market forces . . . capitalism c. central planning . . . government d. market forces . . . central planning
What was the main way that war mobilization helped to end the Great Depression?

What do banks do with some of the profits they make by loaning out the money in their customers' savings accounts?A. Pay interest on savings accounts
B. Pay a dividend to the Federal Reserve
C. Pay a tariff to the International Monetary Fund
D. Pay property taxes to the state government

Answers

The correct answer is A. Pay interest on savings accounts.

They use your money to give out loans and when people pay the loan back with interest, they take the interest and split it between themselves and your account because you were helpful to them.

When a population’s birth rate equals its death rate, there is __________ population growth.A.
low
B.
zero
C.
high
D.
moderate

Answers

Answer:

b. zero

Explanation:

When a population’s birth rate equals its death rate, there is zero population growth.

Answer:

I think it is:

B. Zero

Explanation:

3. An example of a secular law code is
the 10 commandments.
Is it true or false?

Answers

this statement is false

Incorrect information that is spread to convince others it is true

Answers

It's called propaganda and is pretty effective.

The European Age of Exploration would not have been possible without the astrolabe and the compass, both of which were adapted from...A) African kings.
B) Muslim sailors.
C) British merchants.
D) Byzantine scholars.

Answers

The correct answer is B. Both the astrolabe and the compass were adapted from Muslim sailors.

The astrolabe was used by navigators, astronomers and scientists in general to locate the stars and observe their movement, to determine the time from latitude or, vice versa, to find out the latitude by knowing the time. It also serves to measure distances by triangulation.

Muslim sailors often also used it to calculate the prayer time and locate the address of Mecca. During the XVI to XVIII centuries, it was used as the main instrument of maritime navigation, until the invention of the sextant, in 1750.

In the 8th century it was already widely known in the Islamic world. It arrived to Europe in the 12th century through Al-Andalus.

The compass is an orientation instrument that uses a magnetic needle to indicate the Earth's magnetic north. Its operation is based on terrestrial magnetism, so it points to the magnetic south that corresponds to the geographic north and is unproductive in the north and south polar zones due to the convergence of the force lines of the earth's magnetic field.

The compass was invented in China, and was brought to the Middle East by Muslim merchants through the Silk Road. In Europe, the compass is officially known since the Renaissance, allegedly taken there by the Muslim invaders of southern Spain.

the european age of exploration would not have been possible without the astrolabe and the compass both of which were adapted from Muslim sailors because the compass and the astrolabe have been dicovered by muslim scholars

Who proposed the Virginia Plan at the Convention?

Answers

Answer:

Edmund Randolph

Explanation:

Drafted by James Madison, and presented by Edmund Randolph to the Constitutional Convention on May 29, 1787, the Virginia Plan proposed a strong central government composed of three branches: legislative, executive, and judicial.

Edmund Randolph

Drafted by James Madison, and presented by Edmund Randolph to the Constitutional Convention on May 29, 1787, the Virginia Plan proposed a strong central government composed of three branches: legislative, executive, and judicial.