How to hurt that country
What is a tax that one government puts on there produced goods and services that are being imported from other countries. In turn, Its supposed to raise revenue margin for the government?
What is a tarrif?
What is the agreement that countries can have with each other to make sharing goods easier?
What us free trade agreement?
What does Laissez- Faire translate too?
What is "let it be"?
What happens if the price falls on a product
What is quantity demanded goes up
What is command market?
What is a market in which the government controls the economy?
What is the problem with making a tariff too high?
What is stopping from buying the goods. Another thing is that the tariffs could lead to conflicts between 2 nations or even start a trade war.
What monetary term can countries give to others to help their economy?
What are loans?
Where are both parties better off after the exchange?
What is, when there is Value Added exchange?
What happens if the price rises?
What is the quantity demanded goes down?
What is a mixed market?
What is a market that has help from the government but also has freedoms?
What are the causes of trade wars between two countries?
What is The prices of goods that were being exchanged previously are at a height that another country refuses to pay for.
How does free movement of goods and capital benefit countries?
It can make trade easier and quicker by allowing each country to work together.
What is it called when the government changes how tax's are spent?
What is fiscal policy?
What happens if price falls?
What is the quantity supplied goes down?
What is a free market?
What is a market that has no outside control and the people control the economy?
What could negatively impact a countries economic development?
What is Depending on the countries are trade routes and Resource availability.
How can education and technology transfer help boost the economic growth of a country?
By allowing the country to develop faster without the economic issues of doing it alone.
What is is called when the government changes the money in circulation?
What is monetary policy?
What happens when the prices rises?
What is quantity supplied goes up?
Example of a country that uses mixed(starts with A)
America
Can demographics assist to negatively impact a country or region's Economic development?
Yes they can. Specifically education level, average age and birthrates, and population distribution.
Why might countries in the EU want to have strong diplomatic relationships with each other?
This can increase economic cooperation and remove the issue of competing ideologies.
What does the federal reserve do?
What is controlling the money supply?
What is equilibrium?
What is the perfect spot of supply and demand?
Example of a country that uses a command market
(Starts with C)
China