Question

What are the impact of rise in trade in Europe?​

Answer 1

Answer:

To the extent that the higher trade costs brought about by higher tariffs are not absorbed in lower profit margins for producers, import prices rise and relative prices change. Higher import prices push up domestic firms' production costs and domestic inflation, thereby lowering households' real disposable income.

Explanation:

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Answer 2

Explanation:

Trade can have both positive and negative effects on the environment. Economic growth resulting from trade expansion can have an obvious direct impact on the environment by increasing pollution or degrading natural resources.

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