If there was an adverse technological shock which decreased the demand for labor, then A. GDP would decrease. B. GDP would increase. C. Imports would decrease. D. Imports would increase.
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- Write an essay on how the 2 factors ,unemployee and decrese of export give impact to economic growth,you essay must not least than 450 words.(50marks) Beside that,write an essay on how monentory policy can solve the unemployee and also how the subsidy export increase country export,you essay must more than 450 words.(50marks)A) What is globalization? How do we know it is occurring? B) What are the benefits/costs of globalization? C) With current conditions in the world what is happening with globalization? Support yourTo improve living standards, what should policymakers do? a. impose restriction on foreign competition b. formulate policies designed to increase productivity c. impose tougher immigration policies d. provide subsidized childcare to low-income families
- Please help reply to this discussion post. Needs to be minimum 150 words please "Globalization has a lot to untwine, but as I have read about it I kind of like the trend of globalization, the benefits of globalization and technical advancement are very similar. They have remarkably comparable outcomes: they boost national output and productivity, increase employment and salaries, and lower global product prices. Just like the rivalry in coca cola and PepsiCo there always competing and it helps that they are constantly bringing out new flavors or drinks and keeping prices low (for the most part). "ON CULTURE: Not all people in your country support globalization, and some feel that globalization is an economic threat. However, to what extent could it be they may also feel that it is a threat to their culture?Give 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
- When a certain country loses their culture to superior culture like the westernization brought by globalization. a) religious fanatical culture b) ethnic minority c) supra culture d) ethnic Nationalism culture_________ is output per hour in the business sector. Question options: a) GDP per capita b) Investment c) Productivity d) Net exports ____________ is a term which refers to the widespread use of power-driven machinery and the economic and social changes that resulted in thefirst half of the 1800s. Question options: a) Industrial Revolution b) Capital deepening c) Living standard d)TechnologyWhile Globalization creates new opportunities for businesses and workers, it can also hurt local economies, exploit workers, and threaten the environment. What are some ways to raise awareness and to prevent companies from doing business with countries that violate international labor standards?
- Globalization has affected the production strategies in a big way. Discuss the major changes which have happened in the past few decades.Discuss Globalization as an Economic Process. What were the major economic changes and economic activities that helped strengthen globalization since the late 1980s? (e.g. McWorld)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.