12 12. The key idea behind the concept of mercantilism is that countries: A) A. did not need colonies B. wanted to export more goods than they were importing C. wanted to import more goods than they were exporting D. no longer needed entrepreneurs.

Q: 2. Which of the following is not a goal of protoctionism? (A) To protect an "infant" industry (B) To…

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Q: 4. Give some examples of “effects of Globalization in the Government”. 5. What are the challenges…

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Q: Define: 1. Contemporary World 2. Globalization

A: CONTEMPORARY WORLD            The contemporary world is an ever changing mix of social and…

Q: That a rich country like Germany has such a small ratio of imports to GDP as compared to Belgium is…

A: Germany has the most significant gross domestic product (GDP) generated by the industry in the G7…

Q: 6. Reread the Country Focus on moving white-collar jobs offshore. Who benefits from the outsourcing…

A: Outsourcing refers to the situation where the domestic country completes the work by using the…

Q: Compare the cultural values of the Guatemalan society and how they impact an organization to be set…

A: Guatemalan culture is influenced by both Mayan and Spanish cultures. It continues to be defined by a…

Q: 1. Research into how this stories illustrates the impact of foreign influence on Veitnam. A.…

A: 1. Investigate how these stories depict the impact of foreign influence in Vietnam is

Q: Match the definitions on the left with their correct terms on the left. an economic system in which…

A: There are many kinds of economy where the economic decisions are taken by the different entities and…

Q: 1.Which of the following ideas were central to Adam Smith in Wealth of Nations? A)importance of…

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Q: What is the opportunity cost of investing in Capital? Do you think a country can overinvest in…

A: Opportunity cost: Opportunity cost is the misfortune or the advantage that might have been delighted…

Q: From a globophobic/globophobe view, Discuss whether economic globalization reduces State capacity or…

A: Globalization is one of the most broadly discussed issues of the current age. As a rule, the…

Q: Suppose labor and capital are the only two factors of production. If Malaysia has 3% of the world’s…

A: Here, it is given that an economy has two factors of productions that are labor and capital. It is…

Q: 1. How does Modernization Theory explain how low-income countries improve their globale…

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Q: Is globalization leading to cultural convergence (i.e., grow similar over time)? If so how?

A: The cultural convergence states that the cultures will become more and more similar when the…

Q: 4. Standard of living of a country can be raised if it increases A. O Labour force B. O Production…

A: The standard of living refers to the quality and quantity of products and services available to the…

Q: 1. Independence means that countries rely on each other to meet demands for goods and services. True…

A: Globalization has resulted in the opening up of economies and an increase in the volume of…

Q: 9.In Nunn and Wantchekon (2011) the authors find that trust is a key mechanism through which the…

A: Introduction Slavery is the treatment when human being treated as deprived in many forms throughout…

Q: d r

A: Globalisation refers to convergence of economic , political and cultural systems . On the other hand…

Q: 1.

A: Globalisation is the interaction of one country with another in context of economics, culture ,…

Q: Has globalization facilitated or obstructed greater labor migration?

A: Globalisation is the process where countries come together or nations for specific interests. Where…

Q: a. Identify a country that could be considered the most closed economy. b. Discuss THREE benefits…

A: Closed economy can be defined as the economy which do not participate in international exchange of…

Q: 3.Is free trade system beneficial or not? 4. Why loss of culture is one of the negative effects of…

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Q: 5. You nake a table below with some information after studying the products in 1850. Based on this,…

A: There are two major kinds of growth which are import-led growth and export-led growth. Export-led…

Q: (1) Which of the following is an example of what growth economics calls institutions? a. private…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: What is the opportunity cost of investing in Capital? Do you think a country can overinvest in…

A: Investment in capital refers to the use of money to purchase fixed assets such as land, machinery,…

Q: What is globalization? How do we know it is occurring? B) What are the benefits/costs of…

A: Globalization is a process used to spread goods, ideas, thoughts in the whole world.

Q: 9-The East Asian Miracle countries developed rapidly because they Please select one or more; a)…

A: Succesful industrial policies were adopted for east asian miracle countries rapid development.

Q: 6. How do Marxist and Neo-Marxist models explain the reasons why the underdeveloped countries cannot…

A: Marxist theory is based on the theory of modern communism. Neo marxist believe that there are two…

Q: Examine globalization in the sphere of consunption as well as production.

A: Globalization can be defined as the movement of goods & services all across the globe that means…

Q: Write an essay on how the 2 factors ,unemployee and decrese of export give impact to economic…

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Q: 3. Standard of living of a country can be raised if it increases A. O Labour force B. O Production…

A: The quality and quantity of goods and services available to the population is referred to as the…

Q: 1.Does it mean the integration of economic, political, and cultural systems around the world? 2.Does…

A: As economies and societies developed, the study of economics got more complicated. Hence, as a…

Q: Consider the labour availability and quantities of labour that each country requires, in a Ricardian…

A: Answer: Let us first calculate opportunity cost to find out which country has the comparative…

Q: Differences amongst countries in their standard of living can be attributed to differences in Select…

A: The standard of living can be attributed to differences on various grounds.

Q: table 1 shows that region IV A or Calabar Zone has the greatest population compared to other regions…

A: Luzon is the most populous of the Philippine Archipelago's three island groups. The Luzon mainland,…

Q: 1. Evaluate the over-all impact of globalization in terms of socio-economic aspect in our country.…

A: Globalization occurs when countries interact with each other and perform trading activities.