Elucidate Participants in international trade of U.S.
Elucidate Participants in international trade of U.S. and World Trade?
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1. Global Perspective 6-1 shows the major participants in world trade.
2. New participants have become important, especially the Asian countries of Hong Kong, Singapore, South Korea, and Taiwan. China is also emerging as important in global trade. Collapse of communism has led to the emergence of former Soviet republics and Eastern bloc countries as world trade participants.
Briefly explain the use of graphs as a way to present economic relationships. What is an inverse relationship?
The market system tends to mainly beneficial allocating resources and distributes goods while: (1) the distributions of wealth and resource ownership are extensively perceived as equitable. (2) markets are extremely competitive. (3) goods are rival an
The market system responses the “for whom?” query with: (i) distributing goods on the basis of require. (ii) using central planning to coordinate production decisions. (iii) catering to consumers with adequate resources to demand goods. (i
Evaluate and explain the statements: “Competition is the essential despot of the market economy”.
What are the determinants of demand?
Give a brief introduction of the term Cost Principle ?
Illustrate Competition among buyers and sellers is a controlling mechanism?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good. Answer:
The major implication of Adam Smith’s conception of an “invisible hand” was such that: (w) pursuit of individual self interest must be controlled. (x) most people lose sight of what’s good for society. (y) most
Write down the common factors influencing capital structure?
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