Related Questions

In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?
The cost of producing rice in country Q is 10 percent less than the cost of producing rice in country Y. Even after transportation fees and tariff charges are added. it is still cheaper for a company to import rice form country Q to country Y than to produce rice in country Y? The statements above , if true , best support which of the following assertions?
The cost of producing Garment in Country Q is ten percent less than the cost of producing Garment in Country Y, Even after transportation fees and tariff charges are added,it is still cheaper for a company to import Garment from Country Q to Country Y than to produce Garment in Country Y". The statement above, if true, best support which of the following assertions?
The total population of 10 countries in the Asian zone is greater than the total population of 11 countries in the European zone. What can we say if one of the countries is dropped from the Asian zone ?