What do you mean by the term United State in Global Economy
What do you mean by the term “United State in Global Economy”?
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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.
Briefly describe the term cost of capital and also illustrate out its significance?
Distinguish between the resource market and product market in the circular flow model. In what way are businesses and households both sellers and buyers in this model? What are the flows in the circular flow model?
Explain the Market System Specialization?
Opportunity costs, which are the values of the: (i) monetary costs of goods and services. (ii) best alternatives sacrificed while choices are made. (iii) minimal budgets of families upon welfare. (iv) hidden charges passed upon to consumers. (v) exorb
What divergences arise between equilibrium and an efficient output when spillover costs? How might government correct this divergence?
If the price of a good is given, how does a consumer choose/decide as to how much of that good to purchase?
Production Possibility Curve: Similar to the individuals, a society as entire has restricted resources. It has to decide what to manufacture with restricted resource
Question: Some developing countries have suffered banking crises in which depositors lost part or all of their deposits (in some countries there is no deposit insurance). This type of crisis decreases depositors' confidence in the banking syst
Explain Unemployment, Growth, and the Future?
Use the circular flow model to confirm this assertion for $50 million increase in spending for space research?
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