<span> national economies are NOT relatively self-contained entities.
Because of the globalization, it is easier for the people in a certain country to communicate with other people in another country.
This improves the chance of bilateral relationships between more than one countries and make their production process will be integrated to serve one another better.</span>
I believe the answers are:
-Scientific theories can be made obsolete by new experiments or observations.
This can happen as long as the new experiments provide stronger evidence for conflicting conclusion.
-Scientific findings are based on carefully tested and scrutinized observations.
From the observations , scientists would create a conclusion best on the objective evidence, which usually revolves around relationship between variables.
-Science is a process that is limited to answering questions about the natural world.
This happen because unlike in mythical world, Natural world leaves trails of evidence that can be measured
The real-nominal principle suggest that the demand for money should increase as prices increase.
There are five fundamental standards of economics that specify the way our global handles money and decides which investments are worthwhile and which ones are not: possibility price, marginal precept, regulation of diminishing returns, principle of voluntary returns and real/nominal principle.
A basic guiding principle of macroeconomics and monetary economics is the difference among nominal variables and real variables. Nominal variables are expressed in modern-day market expenses. real variables are adjusted to reflect the changing purchasing strength of cash over time.
The definition of nominal is something that has nearly no price or some thing that exists in call only. An instance of nominal is while someone in a court docket case is minimal damages of best $1 because he turned into wronged however did not sincerely go through any damage. adjective.
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