2. What factors determine capital needs and financing alternatives in export-import trade in newzealand?
3. State the common external sources of financing for export-import businesses.
why mineral-rich countries tend to export mineral products and import manufacturing-intensive products from capital-rich countries. It is worth noting, however, that in the case of fully cartelized commodities, the amount each country exports will depend on the production quotas agreed by the cartel’s members. Considerations other than comparative advantage may affect decisions on quota allocation among cartel members, and thus trade patterns may depart from comparative advantage under these circumstances.