Explain the reasons behind economic expansion in the United States.
Q: Explain how economic growth and international trade increase consumption possibilities.
A: A production possibilities frontier is the locus of all maximum combinations of two products or two…
Q: Explain one way in which how the development of various business’s practices affected the United…
A: Independent or small business is the foundation of the U.S. economy, making up 66% of all new…
Q: A country can produce either 16 pounds of fish or 7 bushels of corn. What is the opportunity cost…
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Q: What did Adam Smith predict would happen if economic individualism were allowed to operate in a…
A: Adam smith predicted that if individualism was allowed to operate in a country,democratic governance…
Q: Explain what gains from trade are. Use the Ricardian model to explain the how an economy obtains…
A: When talking about Ricardian model, it can be said that gain from trade can be seen on the…
Q: The theories of absolute and comparative advantage have been offered as an economic rationale for…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What were the two economic zones of Europe by 1900, and what were their economic characteristics?…
A: Economic zones refer to geographic regions that share similar economic characteristics, such as…
Q: Economic Dimension of Globalization Global Economic Order in the Early Years The…
A: Globalization is the process by which the economies of several countries become intertwined,…
Q: Industrialization should start from a sound agricultural base. Why? What can be a contribution of…
A: When talking about agriculture and industrialization, it can be said that agriculture is the primary…
Q: lobalization of technology and communication is the sourcing of goods from different countries to…
A: Globalization is the process by which firms expand their production in international markets.
Q: Describe the economic system of the United States of America.Explain one advantage and one…
A: There is no dilemma on the fact that country U would be the largest economy in terms of its GDP. The…
Q: Explain how is the production structure (i.e. which goods are produced) affected in each country by…
A: Comparative advantage is an economic concept that means to the ability of a nation, person, or firm…
Q: Give a brief description of the economic conditions of the Sudan
A: Economic conditions are the state of the economy as a whole, taking into account a number of…
Q: In the 20th century, Latin American countries were plagued by weak governments and subject to…
A: In 20th century, U.S. Banana Company’s primary complaint was a conspiracy to restrain trade and…
Q: Do local entrepreneurs in the philippines can sustain and expand in the global markets? explain why
A: Entrepreneurial activities can have an impact on a country's economic performance. They can…
Q: Explain the positive and negative interactions of Australia and Oceania with the global economy.
A: Global economy is the economy of all humans of the world, which basically refers to the global…
Q: "Does the Philippines follow the stages of development of industrialized countries? Why
A: A vibrant East Asian Pacific economy, the Philippines has been one of the region's most dynamic…
Q: b) Why do countries promote regional economic integration and growth?
A: Economic integration goal is to reduce costs for both the parties that are consumers and producers…
Q: Some economist argued that globalization and international trade affect the domestic producers in a…
A: The term "globalization" describes how economies, civilizations, and cultures are intertwined and…
Q: economic system differ from the American economic system in terms of the relationship between state…
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Q: why countries needs economic diversification
A: Economic variety, also known as economic diversification, refers to changes in the economic status…
Q: Explain with relevant examples three (3) ways in which a country is likely to benefit as well as…
A: Introduction The exchange of commodities and services between nations is referred to as…
Q: What has happened to real GDP per person in the industrialized countries over the past century? What…
A: The GDP per capita is an approximation of the total amount of goods and services available per…
Q: how did westward expansion connect to industrialization ?
A: Answer- The westhword expansion happened during the early 19th century . With cities of East were…
Q: Explain how the change in terms of trade accompanying growth can leave a country worse off after…
A: The terms of commerce are defined as the ratio of export prices to import prices. It represents the…
Q: Identify two major economic strengths and two major weaknesses for your selected country (India).…
A: Economic strength shows the robustness of an economy. There are various factors that can contribute…
Q: Explain the economic and political factors that make South Korea a developed country in Asia
A: South Korea's rigorous education system and so the establishment of a extraordinarily driven and…
Q: Suppose there is an increase in labor in a large country. What are the effects on growth, trade, and…
A: A "welfare state" is a form of governance in which the national government has a significant…
Q: Globalization is defined as the process of countries becoming _______ open to foreign trade and…
A: Globalization: Globalization is a cycle of association and mix among individuals, organizations, and…
Q: "We must ensure that the global market is embedded in broadly shared values and practices that…
A: Globalization is used to describe the trade connectivity that exists in the modern economy. Most…
Q: current economic challenges that norway face
A: Challenges that obstruct the growth of an economy are termed as economic challenges.
Q: Why have some countries not industrialized?
A: Most economies start growing from agriculture and then to the secondary sector. When the economy is…
Q: As you assess the upside of expanding into Argentina, you research its existing trade agreements…
A: An economic community is a community that is formed by a group of countries to involve themselves…
Q: Forecasting global demand and economic growth requires an understanding of what is happening…
A: Forecasting refers to an activity under which a research tries to predict the future action or…
Q: How do you think Australian culture differs from other continent's cultures? Provide relevant…
A: Every country is distinct in terms of culture, social conventions, geography, food, and climate, but…
Q: Is the United States a capitalist society?
A: A capitalist economic system is one characterised by free markets and the absence of government…
Q: Explain and Compare the following terms: Absolute advantage and standard of living.
A: Absolute advantage is the capacity of a person, business, area, or nation to create more of an item…
Q: Differentiate between the economy of Philippines and kenya. Mention the key points and explain.
A: The system or network of products and services production, distribution, and consumption in a given…
Q: Industrialization should start from a sound agricultural base. Why? What could be a contribution of…
A: Industrialization should begin with a strong agricultural foundation since it allows fewer farmers…
Q: Examine and discuss the recent economic growth of third-world countries in Southeast Asia.
A: In South east Asia, economic development has been connected with the environmental degradation as a…
Q: Discuss briefly the common economic goals of a country.
A: Every country in the globe has set goals for itself to achieve in order to become an ideal and…
Q: Globalization has also led to the growth of __________, which are large multinational corporations…
A: Globalization refers to the interconnectedness and interdependence of countries and societies…
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