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International Traded Item

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Answer the following question in 300 words with in text citation and 2 references

Choose one item that is internationally traded and hypothesize what would happen if this item were no longer internationally traded.
Identify which country has this product, describe how it is currently used, what its current benefit is, and what happens if it is now unavailable.Be creative with the product you select; it does not have to be an everyday, common product!

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Solution Summary

The response addressed the query is posted in 415 words with references.

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The response addressed the query is posted in 415 words with references.

//International trade is the backbone of the modern economy and, nowadays, countries trade as an open economy. Trading in the international market is important as it helps a country to acquire those products, which are not processed in their country. Moreover, it helps to know other countries and this also improves the international relations among various countries engaged in international business.//
Crude oil is one of the most traded items in the world. Middle East exports around 58% of crude oil all over the world and crude oil being one of the most needed items in the world, its value in international trade cannot be ignored.
If crude ...

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Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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