Consider a Country That Is Open to Trade

question 132

Essay

Consider a country that is open to trade.Although the country imports and exports goods and services from more than 200 different nations,the bulk of its imports and exports tend to come from the same eight nations.Identify some possible reasons why this country obtains the majority of its imports and exports from only eight different nations as opposed to having the imports and exports more evenly split across the 200 different nations that it conducts trade with.

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Definitions:

Parallel Play

Action in which children play with similar toys, in a similar manner, but do not interact with each other.

Cooperative Play

Play in which children genuinely interact with one another, taking turns, playing games, or devising contests.

Cliques

Groups of 2 to 12 people whose members have frequent social interactions with one another.

Crowds

In contrast to cliques, crowds are larger and looser groups, comprising individuals who share particular characteristics but who may not interact with one another.