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describe in detail regarding Should the USA support a global economy or a closed economy?
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- What does it mean by "monetary and fiscal policies in a closed economy" when pertaining to macroeconomic policy in an open economy?Why is an open economy better than a closed one?does the position of rich countries in the economic chain threaten the status of less developed countries in the global market
- Question 37 In the flow diagram representing an open economy, which of the following is TRUE? GNE plus imports are equal to GDP. GNE plus the trade balance (TB) are equal to GDP (total domestic production). GDP rises as GNI rises. GNE are always less than GDP.Discuss three (3) benefits that a country could experience as a result of having a closed economywhat is the advantage of and disadvantage of globalization and its impact on the economy
- In what way does comparing a country’s exports to GDP reflect its degree of globalization?Who are the winners and who are the losers in globalization? Is there a net gain of winners over losers?How does global economy affect a country? What is the positive and negative of globalization? What will happen if the global economy of a country drop?