<span>The answer to this
question is False. Sanctions do not only rarely achieve their goal of forcing
change in the targeted country, but they also tend to produce collateral
economic damage in the nations that do apply them.</span>
The correct answer is false.
The given statement is false, why? You cannot always want the lowest deductible since it may only be applied once something has happened that points out towards you, or in other words, it is your fault. An example of lowest deductible is when you get into a car accident and it was your fault, the total repair cost of the vehicle is at 1,400.00 dollars, your lowest deductible would be around 500 dollars, wherein you have to add it to the balance before your insurance company pays for the rest
Answer:
I= $1,600
Explanation:
We have to clear Investment from the GDP formula:
GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)
I=GDP-G-C-(X-M)
The problem gives this information:
GDP: $10,000
G: $2,000
C: $6,000
X: $1,000
M: $600
I= $10,000-$2,000-$6,000-($1,000-$600)
Investment in 2010=$1,600
Answer: Primary product dependency is a large constraint on economic growth and development within LEDCs due to the fact that commodities and their producers are highly susceptible to price fluctuations.
Explanation:
Primary product dependency discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute to a lack of investment in other aspects such as education and industrial production.
Answer:
Self Interest & Invisible Hand of Laissez Faire Policy
Explanation:
Adam Smith Laissez Faire Policy - suggests that free markets are the best approach for welfare maximisation of a society, based on self interest guiding best decisions by individuals, and individual wealth & welfare maximisation implies society wealth & welfare maximisation.
The Invisible Hand of free markets corrects all the discrepancies (if any), re-guides self interest forming the basis of over all social interest. Government intervention is unnecessary & distortionary as per the theory
