Econ assignment Example | Topics and Well Written Essays - 750 words

Econ - Assignment Example a. Increase in capital in country A will lead to increase in production of the goods x and y hence, the country thereby affecting its importation of the same goods thus, affecting the exportation on the same goods by country B since A shall have increased its production on the same goods. c. Increase in capital in country B will lead to increase in production of the goods x and y hence, the country thereby affecting its importation of the same goods thus, affecting the exportation on the same goods by country A since B shall have increased its production on the same goods. 10. The reasons that led to the decline in the import due to industrialization included the production through processing and manufacturing by different nations; hence, creating self-reliance of nations. Additionally, it is worth noting that this factor promoted free trade since nations produces different items at different times; thus, it was only through trade especially free that products from different nations could be acquired by other