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.
What happens in the product markets?
Fuel stamp programs which subsidize heating oil purchases through low-income households encourage those families to: (w) create more income by working. (x) particularly conserve on their use of fuel. (y) live along with less purchasing power. (z) subs
Why is the problem of unemployment a part of the subject matter of economics?
In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates. Q : How will the system accommodate change How will the system accommodate change?
How will the system accommodate change?
Explain the foundation of economics where society’s material wants are Resource payments correspond to resource categories?
What are the 4 phases of the business cycle?
What is the difference between qualitative data and quantitative data, provide an example of each.
Question 7: You are given the following data about two firms: FIRM A Quantity 0 1 2 3 4 5 6 Total revenue ($) 0 10 20 30 40 50 60 Average revenue ($) ___ ___ ___ ___ ___ ___ ___ Marginal revenue ($) ___ ___ ___ ___ ___ ___ Total cost ($) 30 42 50 60 76 100 14
Just need help to see if I am in the right direction if there any think wrong need help with it.
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