Why would expanding the nations communications network be considered an increase in wealth, while improving the education of its people would not ve considered and increase in wealth

Q: Would you expect to find a higher standard of living in the Baltic States or in the border nations?…

A: The baltic states refers to the unofficial geographical term which is used to describe group of…

Q: How does diversification match up with specialization

A: Meaning of Specialization: The comparative advantage under specialization is because it is vital…

Q: Would the model for mobile phone expansion apply to other less- or least-developed countries? Why or…

A: The computerized upset achieved by the dispersion of cell phones has permitted a few nations…

Q: Are trade restrictions necessarily bad for a developing economy? Under what circumstances are trade…

A: International commerce expands the range of products available to domestic customers, lowers the…

Q: Does a trade surplus help to guarantee strong economic growth?

A: Trade surplus refers to the positive difference between the country’s exports and imports. The…

Q: Do the Philippines and Filipinos benefit from global economic and political integration? (500 words)

A: The Philippines and Filipinos can benefit from global economic and political integration in a number…

Q: What have  been the ingredients for economic growth and development that China and India share?…

A: The economic growth level of a country is the level of GDP growth in the country. The level of GDP…

Q: Why is income per person so much higher in some countries than others?

A: A commonly used indicator to measure the level of prosperity in a nation is the per capita gross…

Q: Why do you think labor standards and working conditions are lower in the low-income countries of the…

A: As per the World Bank, a low-income economy has a GDP per capita which is less than or equal to…

Q: For all of their diversity, less developed countries are linked by a range of common problems.Which…

A: Development refers to a concept in which the focus is done on improving the quality of life by…

Q: What is Term of Trade? Why the Terms of Trade in low and developing countries are normally low as…

A: The terms of exchange is the overall cost of products concerning imports and is characterized as the…

Unfavorable Balance Of Trade

This topic is significant in the professional exams for both undergraduate and graduate courses, especially for