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May 18 2008, 11:54 PM EDT
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Change: world trade: vital for countries with restricted resources and domestic markets, which need to import goods to satisfy the citizensGross domestic product (GDP)= the market value of all the domestic goods and servicesDependencewhen one nation relies on another for resources
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(Word count: 62)
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Aug 27 2007, 11:24 PM EDT
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Change: Locked by Aug 27 2007, 11:24 PM EDT for: no reason given
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Aug 27 2007, 11:22 PM EDT
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Change: There were only format changes (bold, italics, etc.) in this version. See this version for details.
(Word count: 283)
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Aug 27 2007, 10:16 AM EDT
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Change: when one nation relies on another for resources or products that is limited or unattainable in their nation.(eg. U.S. relying on other nations for natural rubber, diamonds, bananas and etc).Trade PatternsTrade deficits: imports>exportsTrade surplus: exports> importsRapid Trade GrowthTransportation technology: advancement of
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(Word count: 283)
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Aug 27 2007, 4:20 AM EDT
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Change: Hungary, Czech RepublicSpecialization and Comparative Advantage Specialization allows for overall increase in output and incomeProduction Possibilities Analysis Assumptions and Comparative CostsTerms of Trade: a mutually beneficial agreement in which each benefits better than they would if they were to continue domestic production by itself
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(Word count: 251)
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Aug 24 2007, 9:58 AM EDT
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Change: - transmition of information amongst nations about products, prices, interest rates, and investment opportunitiesfinancial flows - money is transferred for many purposesThe United States and World TradeVolume and PatternDependenceTrade PatternsRapid Trade GrowthTransportation technologyCommunications technologyDecline in tariffsParticipants in International TradeUS,
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(Word count: 52)
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Aug 24 2007, 9:10 AM EDT
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Change: financial flows - money is transferred for many purposesThe United States and World TradeVolume and PatternDependenceTrade PatternsRapid Trade GrowthTransportation technologyCommunications technologyDecline in tariffsParticipants in IntternationalInternational TradeUS, Japan and Western EuropeNew participantsSpecialization and Comparative AdvantageProduction Possibilities Analysis
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(Word count: 93)
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Aug 24 2007, 9:09 AM EDT
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54 words added
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Change: information and technology flows - transmition of information amongst nations about products, prices, interest rates, and investment opportunitiesfinancial flows - money is transferred for many purposesThe United States and World TradeVolume and PatternDependenceTrade PatternsRapid Trade GrowthTransportation technologyCommunications technologyDecline in tariffsParticipants
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(Word count: 93)
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Aug 20 2007, 11:47 PM EDT
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Change: There were only format changes (bold, italics, etc.) in this version. See this version for details.
(Word count: 42)
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Aug 20 2007, 11:47 PM EDT
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42 words added
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Change: International LinkagesThe United States and World TradeVolume and PatternDependenceTrade PatternsRapid Trade GrowthTransportation technologyCommunications technologyDecline in tariffsParticipants in Intternational TradeUS, Japan and Western EuropeNew participantsSpecialization and Comparative AdvantageProduction Possibilities Analysis
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(Word count: 42)
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Aug 20 2007, 11:39 PM EDT
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Change: Created by Aug 20 2007, 11:39 PM EDT for: no reason given
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