--%>

What do you mean by the term United State in Global Economy

What do you mean by the term “United State in Global Economy”?

E

Expert

Verified

Even on a wilderness backpacking trip, Americans are not leaving the world behind.  Much of backpacking equipment may be imported, not to mention the vehicle they used to arrive at the trail, the coffee they sip, etc. Many “American” products are made with components from abroad or are manufactured there.  For example, the Chevrolet Lumina is made in Canada; the Gerber baby food company is owned by a Swiss company; Burger King is owned by a British corporation.  The component parts of many “American” products are manufactured abroad.

   Related Questions in Business Economics

  • Q : Government Pegged Currencies Question:

    Question: If a government pegs the value of its currency to another currency, the government must stand ready to i. _________________________ the "hard" currency to defend the pegged value of its own currency. ii.

  • Q : Adopting policy of paying efficiency

    The expected losses to workers by shirking are increased while a firm adopts a policy of: (1) dividing productive tasks therefore the division of labor is optimal. (2) paying efficiency wages that exceed market-clearing wages. (3) avoiding legal liability from not wri

  • Q : What happens in the resource markets

    What happens in the resource markets?

  • Q : How can we calculate Price earnings

    How can we calculate Price earnings ratio?

  • Q : Heterodox approach for more production

    From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?

  • Q : What are patent rights Patent rights :

    Patent rights: It is a unique license or right granted to a company or an Individual to make a specific product or utilize a specific technology.

  • Q : Least probability of competitive market

    The competitive market system is least probable to be allocatively unproductive as a result of: (w) externalities and public goods. (x) cutthroat competition and the outsourcing of low-wage jobs to less grown countries. (y) the underproduction of a go

  • Q : Increase in the American dollar price

    “An increase in the American dollar price of the South Korean won implies that the South Korean won has depreciated in value.”  Explain.

  • Q : Assertion to increase in the minimum

    Use the circular flow model to confirm this assertion for a $1 per hour increase in the minimum wage?

  • Q : Main economic functions of government

    Enumerate and briefly discuss the main economic functions of government.  Which of these functions do you think is the most controversial?  Why?