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Global interdependence first emerge during the world war and Revolution Periods.
Global interdependence refer to a condition in which a country is heavily dependent to another country for the continuation of their country ( such as military dependence, resources dependence, etc)
Answer:
Option C: action time lag.
The Congressional meetings, discussions, arguments, debates over fiscal policy and the subsequent signing or vetoing by the President of a bill are part of the <u>action time lag.</u>
Explanation:
The action time lag is the time required between recognizing an economic problem and implementing policy to solve it. The action time lag is quite extensive for fiscal policy, as it requires congressional approval. All the Congressional meetings, discussions, arguments, debates over fiscal policy and the subsequent signing or vetoing by the President are all parts of the process.
Answer:
Explanation:
Whenever countries have different opportunity costs in production they can benefit from specialization and trade. Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.