So they have something to rely on
Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials. 2 According to this theory, dangerous or undesirable jobs tend to pay higher wages as a way of attracting workers to these positions.
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<span>Besides giving young men a job, one of the primary purposes of the Civilian Conservation Corps was: to buy homes on easy mortgage terms
Basically, Civilian conservation corps help unemployed men to find some economic relief during the economic depression. With easy mortage terms, it would be a lot easier for the unemployed to kept their homes from being taken away</span>
If the value of the dollar falls, the United States can afford fewer goods and services from other countries, This decreases in the exchange value of the American dollar affect the ability of the United States to trade with other nation.
<u>Explanation:</u>
- When the US government makes their trade and supply they will create a demand for their products and dollars. While people are buying goods from their market their dollar rate will increases.
- If their product was not on high demand automatically the dollar value will go down. When the dollar value goes down the import of the country will make difficult.
- They need to import with a high amount when compared to the period of high demand in dollars or else they will import in less quantity.
