1. Free trade gives a comparative advantage to countries. The countries will produce only those goods which require the resource which is in...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough homework ...
Directions: For this part, you are allowed 30 minutes to write an essay that begins with the sentence“As is known to all, gaining a sound knowledge of the basics is of vital importance for students to master an academic sub...
An open market is an economic system with little to no barriers to free-market activity. An open market is characterized by the absence of tariffs, taxes, licensing requirements,subsidies, unionization, and any other regulations or practices that interfere with free-market activity. Open markets ma...
Explain the trade-off between inflation and unemployment. If we had a choice to say which would be more detrimental to the economy, which would it be - inflation or unemployment? What is the relationship between these two economic indicators?
"Offshore trade" is a new trade model that has evolved with the development of multinational corporation business. Its most crucial feature is the separation of order flow, goods logistics, and capital flow. "离岸"的含义是指投资人的公司注册在离岸法区,但投资人不用亲临当地,其业务运作可在世界各...
“My major in economics taught me how to think about social systems and the trade-offs that must be dealt with in devising a better world. Economics, for me, is about looking at the margins. It’s about understanding how and why people act the way they do under certain constraints, lik...
to think that growth rates can continue to rise in the way they did in the second half of the twentieth century. They suggest an alternative approach is to focus on economic satisfaction and contentment, with a number like per capita income growth. This essentially measures how much money the...
An export is a good that is produced domestically but sold to a consumer overseas. Exporting goods can have advantages and disadvantages for both the producer and the countries in which they do business. Due to resource constraints, economic policy, and manufacturing strategies of each country, it...
37.【B】what a tough economic situation is like;细节题。根据题干中询问Generation Z的特点我们来到第二段。题干中的aware直接定位到第二段第四行”Gen Zs know what an economic train wreck looks like(经济列车受到重创是什么样子的)”;信息选项中的“tough economic situation”则对应到句中的“economic ...
The fundamental trade-off is that if savings increase, consumption has to go down. This is because a person can either save their income or spend it...Become a member and unlock all Study Answers Start today. Try it now Create an ...