Which of the following elements demonstrate the degree of globalization? Group of answer choices A low export to Gross Domestic Product ratio for a country. Rapidly growing Gross Domestic Product for several countries. High levels of trade and exchange between countries. Large underground economies.

Which of the following elements demonstrate the degree of globalization? Group of answer choices A low export to Gross Domestic Product ratio for a country. Rapidly growing Gross Domestic Product for several countries. High levels of trade and exchange between countries. Large underground economies.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Answer the following question.
This is not a writing assignment, this is a multiple-choice question Which of the below statements does NOT reflect the ideas of Trade and Globalization. In short, with which of the below statements would DISAGREE? Group of answer choices Productivity is what makes us rich. Specialization is what makes us productive. Protectionism saves jobs in the short run and slows down economic growth in the long run. It does not make economic sense for us to raise a cow and slaughter it for meat and thus not to have to pay the butcher, because raising a cow would take up time and resources that we can put to other better uses if we buy the meat from the butcher. Abraham Lincoln, whe advised to buy cheap iron rails from Britain to finish the transcontinental railroad, is supposed to have responded thus: "It seems to me that if we buy the rails from England, then we've got the rails and they've got the money. But if we build the rails here, we've got our rails and we've got our money."
Specialization and trade are closely linked to______________.
Radio is one of the easiest and cheapest media sources. It is easily available in most part of the country. The biggest advantage of the radio as a means of media globalization is that it can be understood by even an illiterate person and can cater to a larger number of people. give me another explanation about this
explain transnationality and transnationalism connects to globalization
In the specific factor model with labour as a mobile factor, introducing trade lowers the welfare of workers increases output and consumption in the world. increases the welfare of all the owners of specific factors in Home. induces a Pareto improvement for the economy that exports more.
Free trade between nations generally results in Multiple Choice mutually beneficial exchange relationships. industrialized nations gaining at the expense of developing nations. higher prices for imported goods. an increase of jobs in developed nations.
One of the main features of globalization is the expansion of exchange of goods and services among the countries of the world. the agreement by various economies on what each country should produce. the agreement by various economies not to expand production because resources are limited and exhaustible. None of the above.
Identify oneeffect of the globalization of culture on the economy (in other words, interaction of the cultural domain on the economic domain) and whether the effect is furthering globalization.
What are the two ends of the continuum of economic systems? Trade deficit;Trade surplus Communism;Pure Competition Small GDP;Large GDP Goods-oriented; Service-oriented
Explain the concept of regional economic integration and discuss two economic reasons and two political reasons why countries in Europe or North America would decide to integrate.