Chile’s economy is considered to be one of the strongest in Latin America while Venezuela’s economy is declining. The World Bank ranked Chile as high-income economy while Venezuela is considered to be one of the worst economies. Chile has good economic policies that enabled the growth. Chile’s economy is well-managed while Venezuela’s economic policies were unsound. Venezuela’s resources were mismanaged. The decline of Venezuela’s economy was due to various factors like political instability, food crisis and money devaluation among other.
Answer:
To preserve the ideal of American identity
Explanation:
Beginning at the end of the 19th century, immigration into the United States went high. Many of these new immigrants came from eastern and southern Europe. Many immigrants with different languages, customs, and religions caused anxiety and racial hostility. The sense of fear and concern over the rising of immigration led the Republican Party in 1920 to put restrictions.
Answer:
Absolute advantage: The ability to produce more cheaply.
Comparative advantage: The existence of lower opportunity costs than competitors.
Specialization: The performance of a particular task within an economic system.
Protectionism: The existence of barriers to free-flowing trade.
Explanation:
The four terms that are defined above have to do with trade and the economic theories behind the different trade policies that countries employ. Protectionism is employed when countries want to avoid trade with outside countries and to lower competition with outside countries. Therefore, a country may impose tariffs that make importing goods very expensive. A country will have an absolute advantage in a product if they can make it much cheaper than another country. For example, timber products in Canada will cost less because they have an abundance of forests compared to other countries. A country may have an absolute advantage in one industry but that still may not be its comparative advantage. The country will have to weigh the trading opportunity costs are. Say that one country has no farmland but it has lots of oil. The other country has farmland and oil, but is willing to forgo trading oil in order to trade food for oil with the other country because the opportunity costs for forgoing oil are lower. Now the second country has a comparative advantage in food and the first country has a comparative advantage in oil. David Ricardo believed that comparative advantage would lead to specialization as in countries would specialize in the products they have a comparative advantage in.
First they divide into two government's The portion allotted to each subdivided among distinct and separate departments. A double security arises to the rights of the people. while federalism gave power to the main government.
