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There are currently a number of megacities on the planet, with populations greater than 10 million. a.The first hypercity on the planet, with a population of 35 million people, is
Tariffs
Taxes imposed by a government on imported goods.
Comparative Advantage
The capacity of a nation or company to generate a specific product or service with a smaller opportunity cost compared to its rivals.
Quotas
Limits set by governments on the quantity of a product that can be imported or exported within a given time period.
International Trade
The exchange of goods, services, and capital between countries across international borders.
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