WebbExports become cheaper so the export industry grows Imports become more expensive, so domestic consumers favour domestic goods. Imports become more expensive, which may result in imported cost push inflation as raw materials and intermediate goods are more costly The balance of payments improves as exports increase and imports fall. Webb486. 74K views 8 years ago. AS/IB 13) Benefits of Trade and Protectionism - An understanding of what the benefits of trade are and why some governments may want …

IB Economics International Trade - IB ECONOMICS

WebbInternational trade – buying and selling of goods/services across international boundaries. Imports – goods and services that a country buys from other countries … WebbFactors that Influence International Trade (imports) Domestic income levels The exchange rate Domestic product prices vs. foreign product … the gypsy\u0027s farmhouse

DP Economics: Unit 4.1: Benefits of international trade

WebbBarriers to development in International trade; Development trading game; Unit 4.10: Economic growth and/or economic development strategies. Assessment map; The … WebbInternational IB Economics examines the flows of international payments, and determine how countries can and do measure these payment flows. Problems arise when there are large and persistent imbalances in these flows, such as Germany’s large trade surpluses, and Venezuela’s trade deficits with the rest of the world. the gypsy tea room