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- Why do countries produce local goods when it is cheaper to importWrite an essay responding to the ideas about, what does it mean to be a global citizen? Include in your explanation its significance to your future profession as accountants, engineers, etc.Explain briefly the three basic questions that every country must ask themselves about their economies.
- It is important to understand the history and geography of countries. History impacts the values of a society and geography impacts the commercial activity of a country. Please describe each and give examples.Name three aspects that affect the global economy.Why are business investments and consumption important to evaluate the economic situation of a country?
- what is the importance of global economy.Differentiate between Economic growth and Economic developmentDraw a graph of "catch-up" that shows where you would expect to see a country with low saving rates and low levels of health and education. How would you expect real GDP per capita to grow in a country like this?
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