According to Steger, the nation-state lost its role as a meaningful unit of participation in the global economy True or false

Q: How do indigenous knowledge systems contribute to the economy

A: Indigenous Knowledge System:- The Indigenous Knowledge Systems (IKS) Policy is a framework for…

Q: Anti-globalization: A global perspective on why some states oppose globalization.

A: Anti-globalization is a movement that began in the 21st century which is a social movement against…

Q: Question: Which of the following indicates AD in an open economy? a) Private (household) Consumption…

A: Aggregate demand refers to the total quantity of the goods and service that the consumers demand in…

Q: Discuss the following Millennium Development Goasl (MDGs) and their achievement with respect to…

A: Major policy documents like the PRSPs had a significant focus on poverty, with Goal 1 in…

Q: what are 2 main factors of economic growth according to the PPF

A: Production possibility frontier (PPF) depicts the combinations of two goods that an economy can…

Q: What are the roles of economists when trying to explain or to improve the world?   Question 7…

A: Economists are the people who study the nature of economic variables and analyze their interaction…

Q: Effective usage of Natural Resources and Technological Change is required for any economic…

A: Economic development is described as the process in which economies having low income are…

Q: Consider the following information about an open economy: GDP is $1,000 million, consumption is $850…

A: a. Net Exports = Exports - Imports = 100 - 125 = -25 Therefore, Net exports are -$25 Million.     b.…

Q: Based on the late 20th century predictions of proven resources, the world's oil productions should…

A: The predictors believes that when first found the oil, the people will increase the consumption,…

Q: What is anti-globalization? clarify its concept with example.

A: Anti-globalization A political position opposed to the formation of a single world market where…

Q: How does the Realist Approach fail in providing an accurate explanation of globalization.

A: Realist approach: This theory is developed to evaluate the development and find the evidence to…

Q: Discuss the Millennium Development Goals with respect to Pakistan.

A: MDGs are the 8 goals with measurable targets and deadlines for the betterment of the lives of the…

Q: In the closed economy growth model, if you keep increasing the savings rate, consumption per capita…

A: While a greater saving rate means less consumption, it also means more capital investment and,…

Q: which types of economic system is following in given countries, shortly describe  their…

A: An economic system refers to the means by which a particular government/society organizes and…

Q: why countries needs economic diversification

A: Economic variety, also known as economic diversification, refers to changes in the economic status…

Q: Using the World Bank’s World Development Indicators database,…

A: "GDP (gross domestic product) measures the value of all finished goods and services produced within…

Q: What is the difference between industrially advanced countries (IACs) and less-developed countries…

A: Economic development is the process of creating wealth for the benefit of the community. It's more…

Q: What are some additional strengths and weaknesses of the Human Development Index as a comparative…

A: The Human Development Index or the HDI is the proportion of investigating the development alongside…

Q: a technological advancement in sector “ X” of the economy affect the number of people who work in…

A: Technology advancement create various changes in the labour force. Sometimes it create more job…

Q: explain how economic growth is measured and with the aid of a diagram, discuss how a PPF may be used…

A: Economic growth of a country is a quantitative measurement of its economic strength. Though there…

Q: Why is an open economy better than a closed one?

A: A closed economy is when all the produced goods and services are consumed by domestic households,…

Q: Aside from the lack of benefits what are the potentially negative effects for a society of the gig…

A: The gig economy is just the possibility that a different gathering with contrasting professional…

Q: It is often mentioned in the news media that Canada, being a small open economy, can benefit from a…

A: Here, it is given that Canada is a small open economy, but it is able to get benefit from the higher…

Q: Which type of statistic measures the financial-economic interdependence between the US and the…

A: Economic interdependence means the country is dependent upon a different economy for the various…

Q: Explain why converging economies may present a strong argument for limiting flows of capital but not…

A: Developing nations are considered as converging economies that imitate the growth of developed…

Q: Why global cities are considered “strategic sites” to manage and guide the global economy

A: Introduction: The key properties of data technologies and hence the associated rise within the…

Q: what is the importance of global economy

A: The global economy is cross-border economic activities that take place in all over the world. It…

Q: What is an open economy, and what are its importance and advantages when implemented?

A: OPEN ECONOMY : Open economy is not the one which is not only involved in the process of production…

Q: If the Philippines has to learn from Rostow , Harrod and Domar, development can only happen when a…

A: According to Harrod-Domar model, the economic growth is the result of abstaining from current…

Q: Explain The Globalization of the World Economy in detail.

A: Globalization refers to the integration of global markets, leading to the integration of the…

Q: Multiple Choice Question... pick one answer An economy can increase its capital stock by A)…

A: Meaning of Inventory or Stock Valuation under Economy System: Inventory or stock valuation under…

Q: Identify the economic participants represented by B and

A: Circular flow diagram is the diagram which shows the linkages/dependence of different sectors of the…

Q: No GCC country has a faster expanding economy than Qatar – Explain why

A: Macroeconomics is a sub-part of economics that is used to understand, the policies and fiscal…

Q: Does an open economy have better impact than closed economy? How? In what aspects? 250 words

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Discuss China following more of a planned economic system also referred to as a socialist economy

A: In comparison to a capitalist economic system, which produces products and services to create…

Q: what is open economy? And in (New Zealand) open economy is possible?

A: Introduction Open economy is the economy which has economic relations with other countries of the…

Q: Identify the components of change in the contemporary global economy

A: The global economy basically refers to the economy that consists of all the humans who works within…

Q: Give reasons why the economically developed countries have a high value for the ranking but…

A: Economic Development is the growth of the standard of living of a nation's people from a low-income…

Q: Which one/s of the following "is a cause"/"are the causes" of international income differences? 1)…

A: 1. Productivity difference is the cause of international income difference. Productivity increases…

Q: How does the United Nations influence global economic activity

A: The United Nations can be defined as an international organization which was founded in 1945 after…