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Tanya [424]
3 years ago
10

World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per yea

r between 1950 and 2003, world exports grew at 10.8% per year over the same time period.
Which of the following help o explain the increase in international trade and finance since the 1950's?
a. International trade agreements such as the North American Free Trade Agreement (NAFTA)
b. An increasing number of affordable international flights
c. Changes in property rights
d. The widespread use of the Internet to conduct business.
Business
1 answer:
Karolina [17]3 years ago
3 0

Answer:

The correct answer is the option A: International trade agreements such as the North American Free Trade Agreement (NAFTA).

Explanation:

To begin with, the name of <em>"North American Free Trade Agreement" </em>or NAFTA, refers to the comercial agreement between the three nations of the countries of the norht of America that established that there is a bloc of free trade among Canada, Mexico and the United States that will benefit the three parties whose bloc have formed one of the largest trade blocs in the world by gross domestic product. Moreover, the agreement came into force in 1994 and since then the main purpose of it is to encourage the increase and development of international trade.

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The Keynesian link between the money market and the goods and services market is __________. Changes in the money market must af
Vsevolod [243]

Answer:

Indirect; investment.

Explanation:

John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.

The Keynesian link between the money market and the goods and services market is indirect. Changes in the money market must affect the investment market before the goods and services market is affected.

According to the Keynesian Transmission Mechanism, the link between the money market and the goods and services market is indirect; because at first, short-term interest rates are lowered by an increase in the supply of reserves and then with time both the bond and bank loan rates falls. Consequently, this would make investments and aggregate demand (AD curve shifts rightward) to rise or increase as a result of the low cost of capital for investors and by extension it boost the level of production or quantity of output (real gross domestic product or Real GDP).

<em>This ultimately implies that, the interest rates affects the real and costs of capital (monetary changes). </em>

5 0
2 years ago
Inflation is a decrease in the average price level in the economy.
Rama09 [41]
This is false. When inflation happens, prices go up in the economy.
7 0
3 years ago
Joey cuts lawns during the summer. Let q equal the number of acres mowed per day, and let L equal the number of hours worked per
Anna71 [15]

Answer:

The answer is B.

Explanation:

Marginal Productivity can be described as when every variable in the equation is held constant, it is the amount of productivity gained for every extra hour of labor that is put in.

And according to the information about Joey and his productivity cutting the lawns, we are provided the equation q = 0.2*L which means that for every extra hour Joey works cutting the lawns, Joey's marginal productivity is going to decrease by 0.2 or 20% so the answer is B.

I hope this answer helps.

7 0
3 years ago
Read 2 more answers
​Midtown, Inc. had the following transactions in​ 2018, its first year of​ operations: bullet Issued​ 31,000 shares of common st
Anna007 [38]

Answer:

The stockholders' equity is $6,90,000.

Explanation:

<u>Calculating the Total stockholders' equity:</u>

Total stockholders equity = Beginning stock equity + Net income

Total stockholders equity = (31,000 * 20) + 70,000

Total stockholders equity = 6,20,000 + 70,000

Total stockholders equity = $6,90,000

3 0
2 years ago
A​ fast-food restaurant decides to raise the price of its hamburgers. assume the firm is in a monopolistically competitive indus
Lena [83]
<span>A​ fast-food restaurant decides to raise the price of its hamburgers. assume the firm is in a monopolistically competitive industry. what will happen to the demand for its​ hamburgers? When the​ fast-food restaurant raises the price of​ hamburgers, some customers may stay and pay the higher price because they want that specific brand of hamburgers, other may go elsewhere to find them cheaper. 

When prices raise, some customers stay because they are attached to that specific company, others leave because they want a burger but for a lower price. 
</span>
3 0
3 years ago
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