In Canada , who MOST determined who purchases goods and services

Q: 1) List three public policies, other than fiscal and monetary, that can facilitate economic growth…

A: A public policy, as the name suggests, is one which acts as a guide for the people of a country…

Q: 4. Since more capital allows more output to be produced, it is always better for a country to have…

A: In economics, capital can be understood as all those men-made goods and services that are used in…

Q: Explain how international trade (exports and imports) affects a nation’s output, employment and…

A: The exchange of goods, services, capital, and resources across international borders between…

Q: Country A has a GDP of $300 billion and a population of 10 million, while country B has a GDP of $3…

A: Answer: Introduction: per capita GDP refers to the average income per person during a given year.…

Q: B. O Public and private sectors C. O Foreign and domestic investm D. O Commercial and subsistence

A: In a socialist economy, only the government owns the factors of production. All the goods and…

Q: As a businessman how globalization affects the importation and exportation of products.

A: Meaning of Globalization: The term globalization refers to the situation under which there are two…

Q: O Government control of the national economy O Foreign investment from Western Europe Extensive…

A: Stalin aspired to create a powerful Soviet Union capable of confronting Western powers. He was a…

Q: What are the major industries in Canada

A: Industries:- The organizations that produce goods and services are known as industries.

Q: 1: National income level in an open economy with government activities and data in the table what is…

A: Formula to calculate GDP using income approach is  = Total National Income + Sales tax depreciation…

Q: DISCUSS FIVE MOST IMPORTANT NON-ECONOMIC REASONS WHY THERE ARE A LOT OF POOR PEOPLE IN THE…

A: The Philippines is a country with abundant natural resources and a large workforce. However, despite…

Q: International Trade: Assume that there are three industries in the Home country: industry A,…

A: Total Labor Force in 2015 = 75000 Industry A = 25000 (1/3 of total labor force) Industry B = 25000…

Q: 11. Name a country or region in the world that has benefited from globalization: _________________…

A: India has benefited from globalization. Venezuela has been suffering more than benefiting from…

Q: compare adam smiths view of a nations wealth with that of modern economists who rely on gross…

A: A capitalist economy is a free market economy where the market forces of demand and supply determine…

Q: Question 1 A. Explain the reason(s) why the equalization of relative factor prices is a result of…

A: A) Factor price equalization is an economic theory proposed by Paul A. Samuelson in 1948, which…

Q: What are the Economic Effects on the Country that were involved in this Case

A: Microeconomics is a subpart of economics that is used to understand how production, consumption and…

Q: Table 1 Transaction Balance of Payments Transactions (Year 2022) number Amount 1 Interest paid by a…

A: The difference between the value of a nation's net imports and net exports over a particular time…

Q: According to the 2018 Foreign Aid table below: Percentage of Donor Total Income Country Total Aid ($…

A: Foreign aid refers to the financial aid provided by the US to other countries.

Q: Why health and education is important for the development of a country

A: Health and Education play the utmost important role in the development of a country. Health is…

Q: Define trade surplus and trade deficit.

A: The balance of trade is referred to as the trade balance and is marked within the international…

Q: 4. Standard of living of a country can be raised if it increases A. O Labour force B. O Production…

A: The standard of living refers to the quality and quantity of products and services available to the…

Q: Identify ONE way that the data in the chart illustrate global economic differences between countries…

A: t\There are few indicators that have been developed and provides a more well-rounded measure of a…

Q: 5 years from now, describe the economic situation of our country

A: The two basic categories of economics are microeconomics, which evaluates individual consumers and…

Q: Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare…

A: Gross Domestic product (GDP) refers to the value of goods and services produced with in the domestic…

Q: Does the position of rich countries as giants in the economic chain threaten the status of less…

A: The United Nations divides countries into two groups: developed and developing. Countries are…

Q: What may happen to ASEAN’s economy if growth in China continues or contracts

A: The Association of Southeast Asian Nations (ASEAN) is an intergovernmental body of ten Southeast…

Q: Question 25 (1 pnint) If the catch-up effect is universal, i.e. the poorer countries grow faster.…

A: The gross domestic product shows the value of domestically produced goods and services in a given…

Q: current economic challenges that norway face

A: Challenges that obstruct the growth of an economy are termed as economic challenges.

Q: o.30] (Multiple Choice) Media had made further globalization.  False

A: Globalization is the free movement of people, capital, technology  , knowledge and resources…

Q: 1. Slovenia has 48 labor hours available and produces 2 goods, pipe cleaners and glitter. It takes…

A: An efficient production bundle is such that completely utilizes the economy's resources in order to…

Q: 5. You nake a table below with some information after studying the products in 1850. Based on this,…

A: There are two major kinds of growth which are import-led growth and export-led growth. Export-led…

Q: Any goods, raw materials, or services that are produced in one country and then sold to another…

A: This is a common practice from the history.

Q: When we express the value of goods in one country in terms of the same goods in another country, we…

A: Exchange rate is the value of a country’s currency. It is the rate at which one country’s currency…

Q: Statements. As one of the largest and most advanced countries in the world, the United States would…

A: Despite accounting for less than 5% of the global population, Americans generate and earn more than…

Q: Complete the sentences. The goods and services that we sell to people in other countries are The…

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…

Q: Openness of an economy is: (a) the extent to which a country is involved in international trade and…

A: Openness of the economy means that the economy or nation is well connected with international market…

Q: Fruitland has a very simple economy: it produces just apples and oranges. It has no imports and…

A: Nominal GDP measures the value of goods and services at current year market prices.

Q: Countries aim to improve and maintain the quality of life for their citizens. This works best when…

A: When talking about macroeconomics, a country tries to improve the economic condition as a whole that…

Q: What countries is with the Global North and give the definition, Characteristics and problems of…

A: During the Cold War, the concept of classifying countries based on their economic and developmental…

Q: Differences amongst countries in their standard of living can be attributed to differences in Select…

A: The standard of living can be attributed to differences on various grounds.

Q: What are various economic, social, and political changes that occurred in the 19th century

A: Europe's political and economic changes were finally affecting Spain, and thus the Philippines. The…

Q: growth and public polncy Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a…

A: When a nonresident individual or an institution decides to invest in a country where his economic…

Q: Why does the price of a Big Mac, in dollars calculated using market exchange rates, tend to rise…

A:

Q: US workers 400, 40 machines Canada workers 60, 10 machines which one Capital abundant labor abundant…

A: The country is labor abundant if it has a relatively large endowment of labor as compared to another…