The correct answer is <em>D) American firms purchasing industrial equipment from German companies</em>.
The balance of trade is the difference between a nation's exports and imports in a given period. A nation is considered to have a trade surplus when its exports exceed its imports. On the other hand, it is considered to have a trade deficit when its imports exceed its exports.
The United States currently holds a trade deficit. In this case, the purchase of German equipment represents a contribution to the total imports of the United States. Therefore, there is a growth in the trade deficit of the country.
Globalization in essence is companies and governments climbing onto the world stage and interacting internationally.
Globalization has helped some, but it has also hurt a lot, specifically through:
- Making the rich richer
- Removing trade barriers only for new ones to rise (VAT taxes, etc.)
- Increased trade deficits with many jobs leaving their developed nations for less developed ones (U.S. manufacturing to China, etc.)
- Developed country job pay cuts
- MNC's leaving countries and exploiting international tax havens
- MNC's overseeing bad work conditions in countries with less regulations
- MNC's influencing international politics
- Exploitation of labor
- Social welfare schemes
Et cetera, et cetera...
All the problems we hear about with companies leaving their countries and stranding thousands if not millions of people without jobs, and labor issues in other countries all stem from globalization. So we need to decide if the benefits outweigh the costs here or not...
Answer: Multilateral or international agreement.
Explanation:
This agreement is an agreement between two, three, or more entities supported by international legal norms. This type of contract is most often concluded between states and is a legal act that must be respected. This contract originated in Vienna in 1969, and the contract came into practice 11 years later. The convention is currently accepted and signed by about 116 countries around the world.
Influxes of Asian and African americans
A numerical rating that expresses how likely you are to repay your debts.
