Trade between nations occurs when natural resources or the skill to make something are unevenly distributed or when the costs of production are very different in different countries. A nation has a trade opportunity whenever it can create more of a product or service, or a better quality product or service, or a less expensive product or service than can another nation.
Learning Goal 2
The economic well-being of a country may be enhanced by improving the skill and motivation of its workforce, by developing equipment or practices that are more efficient and produce higher quality products and services, and by engaging in trade with other nations.
Learning Goal 3
Treaties are negotiated between two or more nations to establish or maintain peaceful relationships, to define parameters for trade, or to create political or military alliances.
Learning Goal 5
The global environment is affected by national and international policies and practices relating to energy use, waste disposal, ecological management, manufacturing, and population.
Learning Goal 6
Communication and transportation technologies influence how much people in different countries may interact, whether it be for political, economic, or social purposes.
Learning Goal 7
International organizations such as the United Nations, the World Bank, and the European Union provide a structure for nations to communicate, reach consensus, and negotiate treaties, but these organizations often have only limited authority over their members.
Learning Goal 8
Treaties do not affect all of the people in a country equally.