Clearly Differentiate Between Reinforcement and Punishment. ​

question 98

Essay

Clearly differentiate between reinforcement and punishment. ​

Identify the effects of tariffs, quotas, and subsidies on international trade.

Explain the concepts of comparative and absolute advantage in trade.

Analyze the impact of trade deficits and surpluses on a country's economy.

Understand the role of opportunity costs in determining trade relationships.