Each country has its own customs and traditions that determine business practices and influences how perceive products. This is an example of factors that influence the business environment a. competitive • b. social and cultural c. demographic political and legal economic
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- Cririca/ Thinking Many developed countries, includingthe U.S., have in recent decades become primarily service economies; that is, there is relatively little manufacturing of goods, and most people in the economy are employed by service industries. Why do you thinkthis has occurred? In what ways is this trend a goodand/or a bad thing for a country? Do you think thistrend will continue?Economically, the U.S government is not concernedwith whether or not small businesses make it.A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth in the standard of living (for example) is a primary goal. Why do you think that is so?
- Production possibility concept is useful in macroeconomics to ____________. a. Know the production possibility of a company b. Know the production possibility of one product c. Know the production possibility of a nation d. All of the optionseconomic system where the market mechanism solves the central economic problems Oa. Market economy O b. Mixed economy C. Command economy Od. Socialist economyK Consider the following data: Country A B C Population (millions) 11 20 4 B C What is the per capita real GDP in each of these countries (Enter each response rounded to the nearest integer)? Country Per Capita Real GDP $6,500 Real GDP ($ billions) 52 59 75 $ Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- What are the five power full countries as realist liberalist and ideaslist.The main reason that some nations have higheraverage living standards than others is thata. the richer nations have exploited thepoorer ones.b. the central banks of some nations have createdmore money.c. some nations have stronger laws protectingworker rights.d. some nations have higher levels of productivity."Globalization also involves the spread of ideas." explain and site examples. "Globalization relies on media as its main conduit for the spread ofglobal culture and ideas." explain and site examples.
- Question: How do different economic systems (e.g.. capitalism, socialism) allocate resources? Don't usechatgpt please provide valuable answer otherwise be ready for disupvote10 In transformationalism, countries become __________ a. All of these b. Powerless and powerful c. Powerful d. PowerlessGive typing answer with explanation and conclusion According to classical economists, instead of mercantilism, which says countries should produce everything themselves, what should countries do? a. Use tariffs to protect local industries b. Create an organization that dictates how countries should trade c. Specialize in producing what they are good at producing, and import other goods d. Engage in trade wars to try to gain an advantage