Questions and Answers
What does international trade involve?
Exchange of capital, goods, and services across international borders or territories
What represents a significant share of gross domestic product (GDP) in most countries?
International trade
What factors influence trade when it takes place between two or more states?
Currency, government policies, economy, judicial system, laws, and markets
In the modern era, what international economic organization was formed to ease and justify the process of trade between countries?
Signup and view all the answers
What has been on the rise in recent centuries in terms of economic, social, and political importance?
Signup and view all the answers
What does international trade involve?
Signup and view all the answers
Why does international trade take place?
Signup and view all the answers
What represents a significant share of GDP in most countries?
Signup and view all the answers
What factors influence trade between two or more states?
Signup and view all the answers
Which international economic organization was formed to ease and justify the process of trade between countries of different economic standing?
Signup and view all the answers
