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1. What is the impact of global flows on the global South?
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- What do you think is the relation of Global North and South to the social,economic and political aspect? Explain6. What may be the reasons for oil price fluctuations on the world market? 7. Why have some oil exporters been diversifying their economies for some time?4. If the supply of rice from the U.S. is Qd = a + bP and the supply from the rest of the world is Qr = c+ eP, what is the world supply?
- What are the drawbacks to analyzing the global economy on a regional basis?Output of Consumer Goods (units per year) D O с E G B Output of Military Goods (units per year) Iceland has no military. a. So, at what point in the figure is Iceland producing? point (Click to select) ✓ b. If Iceland decided to produce the quantity OE of military goods, how much consumer output would it have to give up? Give up quantity (Click to select): "Do you think that the COVID-19 has a Microeconomic impact on the US Economy"? If yes or no, it's not essay assignment it's just a paragraph do you think covid-19 had negatively or positively impact on the conomy
- graph this4. Unstable export markets Sometimes the exports of developing nations are concentrated in only one or a few primary products. For example, according to World Bank data, coffee constitutes almost 90% of Burundi's total exports. Therefore, changes in demand or supply of coffee can have significant effects on the health of Burundi's economy. The current world price of coffee is $5.00 per pound, but there is uncertainty about the shape of the demand and supply curves. The following graphs (scenario A and scenario B) show two possibilities for demand and supply in the market for coffee. Suppose that favorable growing conditions cause an increase in the global supply of coffee. On the following graph, shift the demand or supply curve of scenario A to show what happens in the market for coffee as a result of this event. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original…4. Notice that there is little mention of the U.S. importing food or agriculture. What does that say about America’s farmers? 5. Why do so many of Mexico’s and Canada’s exports go to the U.S? What problems could that create for their economies?
- Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.solve this macroeconomics question, i have attached all details.5. Is globalization leading to cultural convergence (i.e., grow similar over time)? If so how?
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