1. Embargo - An official ban or trade or other commercial activity with a particular country.
2. Tariff - Tax on imports.
3. Economic growth - The ability of the economy to increase the production of goods and services.
4. Specialization - Workers concentrate on producing those goods and services for which they have a competitive advantage.
5. Currency exchange rate - The price of one country's currency expressed in terms of another country's currency.
6. Quota - Limitation on imports.
7. Voluntary free trade - An ideal feature of a global economy; it is when each party involved in a trade expects to gain from the trade.
8. Trade barriers - Restrictions placed on trade, for example tariffs and quotas.
Answer:
B. prices would do a better job of coordinating the activities of buyers and sellers than markets could.
Explanation:
In 1776, the Scottish economist and philosopher also known as the father of economics, suggested that price was better left to produce better market results than the intervention of guilds.
He was of the opinion that price control and regulations by guilds were disruptions to market play and would not be as efficient as allowing price be determined by the market(buyers and sellers). Adam was a pioneer of the free market economic theory.
Felons and ex-felons, and new immigrants who are not yet citizens, are included in the voting-age population. In approximating voter turnout, the voting age population for a political unit is regularly used as the denominator for the amount of individuals eligible to vote in a given appointment which is this technique has been shown to drop in accuracy when a larger proportion of the voting-age population is unqualified to vote.
Answer:
I, II, and III.
Explanation:
Market efficiency demonstrates that prices mirror the entire information regarding a specific market or stock which is accessible at a given point of time. There are certain important characteristics of an efficient market which include a number of participants, uniformity in products, etc. As per the options, all the three options could be characterized as the important characteristics of market efficiency which are as follows:
I). 'There are no arbitrage opportunities' as there is complete awareness among the consumers regarding the availability of products and its prices.
II). 'Security prices react quickly to new information' as there is a consensus value of a product set by all the customers and sellers after assessing its value.
III). 'Active trading strategies will consistently outperform passive strategies' as there is perfect competition and therefore, there is a liberty to enter and exit the market at any point in time.
I have been to Baptist church and Yes they do exist they are posted on nearly every wall in a baptist church