7. How do population factors affect the type and volume of goods traded between countries? explain with examples
Answers
Answer:
The impact of so many humans on the environment takes two major forms: consumption of resources such as land, food, water, air, fossil fuels and minerals. waste products as a result of consumption such as air and water pollutants, toxic materials and greenhouse gases.
ᴀ ᴄᴏᴜɴᴛʀʏ's ʙᴀʟᴀɴᴄᴇ ᴏғ ᴛʀᴀᴅᴇ ɪs ᴅᴇғɪɴᴇᴅ ʙʏ ɪᴛs ɴᴇᴛ ᴇxᴘᴏʀᴛs (ᴇxᴘᴏʀᴛs ᴍɪɴᴜs ɪᴍᴘᴏʀᴛs) ᴀɴᴅ ɪs ᴛʜᴜs ɪɴғʟᴜᴇɴᴄᴇᴅ ʙʏ ᴀʟʟ ᴛʜᴇ ғᴀᴄᴛᴏʀs ᴛʜᴀᴛ ᴀғғᴇᴄᴛ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴛʀᴀᴅᴇ. ᴛʜᴇsᴇ ɪɴᴄʟᴜᴅᴇ ғᴀᴄᴛᴏʀ ᴇɴᴅᴏᴡᴍᴇɴᴛs ᴀɴᴅ ᴘʀᴏᴅᴜᴄᴛɪᴠɪᴛʏ, ᴛʀᴀᴅᴇ ᴘᴏʟɪᴄʏ, ᴇxᴄʜᴀɴɢᴇ ʀᴀᴛᴇs, ғᴏʀᴇɪɢɴ ᴄᴜʀʀᴇɴᴄʏ ʀᴇsᴇʀᴠᴇs, ɪɴғʟᴀᴛɪᴏɴ, ᴀɴᴅ ᴅᴇᴍᴀɴᴅ.
ᴀ ᴄʀᴜᴄɪᴀʟ ᴘᴏɪɴᴛ ᴛᴏ ɴᴏᴛᴇ ɪs ʙᴏᴛʜ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴀʀᴇ ᴄᴏᴜɴᴛᴇᴅ ғᴏʀ ᴇxᴘᴏʀᴛs ᴀɴᴅ ɪᴍᴘᴏʀᴛs, ᴀs ᴀ ʀᴇsᴜʟᴛ ᴏғ ᴡʜɪᴄʜ ᴀ ɴᴀᴛɪᴏɴ ʜᴀs ᴀ ʙᴀʟᴀɴᴄᴇ ᴏғ ᴛʀᴀᴅᴇ ғᴏʀ ɢᴏᴏᴅs (ᴀʟsᴏ ᴋɴᴏᴡɴ ᴀs ᴛʜᴇ ᴍᴇʀᴄʜᴀɴᴅɪsᴇ ᴛʀᴀᴅᴇ ʙᴀʟᴀɴᴄᴇ) ᴀɴᴅ ᴀ ʙᴀʟᴀɴᴄᴇ ᴏғ ᴛʀᴀᴅᴇ ғᴏʀ sᴇʀᴠɪᴄᴇs. ᴀ ɴᴀᴛɪᴏɴ ʜᴀs ᴀ ᴛʀᴀᴅᴇ sᴜʀᴘʟᴜs ɪғ ɪᴛs ᴇxᴘᴏʀᴛs ᴀʀᴇ ɢʀᴇᴀᴛᴇʀ ᴛʜᴀɴ ɪᴛs ɪᴍᴘᴏʀᴛs; ɪғ ɪᴍᴘᴏʀᴛs ᴀʀᴇ ɢʀᴇᴀᴛᴇʀ ᴛʜᴀɴ ᴇxᴘᴏʀᴛs, ᴛʜᴇ ɴᴀᴛɪᴏɴ ʜᴀs ᴀ ᴛʀᴀᴅᴇ ᴅᴇғɪᴄɪᴛ.