Questions and Answers
What are the factors that influence trade between two or more states?
Currency, government policies, economy, judicial system, laws, and markets
What is the significance of international trade in most countries?
It represents a significant share of gross domestic product (GDP)
What is the purpose of international economic organizations like the World Trade Organization?
To ease and justify the process of trade between countries of different economic standing
Why is carrying out trade at an international level considered a complex process?
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What has been the trend of the economic, social, and political importance of international trade in recent centuries?
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