Explain the reasons for studying International Economics

      

Explain the reasons for studying International Economics

  

Answers


Abdullahi
1. International economics facilities the study of allocation of scarce resources among unlimited and competing wants internationally.

2. International Economics explains the importance of international trade to a country and the whole world in general.

3. International Economics tries to diminish the importance of political boundaries so that the world becomes a global village (it calls out for globalization)

4. International Economics helps a student to decide whether globalization is good or bad.

5. The study of International Economics helps to equip students with tools of analysis to be able to evaluate which policies can balance global interest with national interest.

Dullayo answered the question on May 9, 2018 at 10:18


Next: Describe an experiment on factors necessary for photosynthesis.
Previous: Briefly describe four theories used to determine wages of labourers

View More Economics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions