Describe Each Instrument That Governments Use to Promote Trade

question 24

Essay

Describe each instrument that governments use to promote trade.

---

Definitions:

Home-Organization

The process of organizing and arranging the living space within a home for better functionality and aesthetics.

Farming

The activity or business of growing crops and raising livestock for food, fiber, and other products.

Marginal Product

The additional output that is generated by employing one more unit of a particular input, holding other inputs constant.

Units of Output

The amount of product that a company produces in a given period.