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Distinguish between a free trade area and a customs union?
A free trade area is where there are no tariffs between member nations. A customs union goes a step farther and requires all members to have the same external tariff policy to goods coming in from outside the customs union. So, if Countries A & B are in a customs union, they would both charge the same tariff on goods imported from Country C. The reason for this is to prevent imports coming into the country with the lowest tariff and then being sent to another country in the union (without a tariff). The producer can send it directly to the end nation.
What is trade bloc?
a trade bloc is where a country or town is trading goods but something goes wrong and everything stops until the problem is resolved!
What is it called when the value of currency goes down called?
it is called deflation
When the stock market goes down what is it called?
A bear market.When the market goes up, it is called a bull market,
What is it called when the value of money goes down?
inflation
Do people donate to fair trade?
People do donate to fair trade, when they by a product ladled FAIR TRADE. some of that money goes to the third world countries.
Why were certain trade routs called the triangular trade routs?
because the route goes in a never ending triangle route
What countries does Sweden trade with the most?
Mostly everyone but large parts of the exports goes to Germany, China and the EU states. But substantial trade with south and north America is also prevalent.
What is a person who goes on holiday to other countries called?
countriest
How the triangular trade worked?
Triangular trade work by the colony goes over to one of the mother countries and take raw materials then ship it back to the colony then they make the raw materials into something then ship it back to that mother country and sell it for a higher price this is called mercantilism answered by: 7th grader
What is decline in trade?
When trade goes down
What is the talking that goes on between characters in a story?
It is called dialogue.
What is the part that goes between a transmission and a differential called?
The driveshaft.
What is the name of the movie about human trafficking and the brother goes looking for his sister?
I guess the name was Trade. There is another movie called "Taken' in which the father goes after the daughter
Distinguish between a free trade area and a customs union?
A free trade area is where there are no tariffs between member nations. A customs union goes a step farther and requires all members to have the same external tariff policy to goods coming in from outside the customs union. So, if Countries A & B are in a customs union, they would both charge the same tariff on goods imported from Country C. The reason for this is to prevent imports coming into the country with the lowest tariff and then being sent to another country in the union (without a tariff). The producer can send it directly to the end nation.
How does china transport goods for international trade?
Same way other trading countries do it. Much of it goes by ship, trade with neigboring countries may also go by train, smaller items may be transported by plane.
What are the effects if US stock markets goes down?
If the US stock markets goes down then the other countries stock markets and those intruments wich are being trade against DOLLAR wil rise.
