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True [87]
3 years ago
5

Why are economists always so concerned with GDP? GDP predicts what will happen next year. GDP is the most accurate way to determ

ine if the economy is performing well. GDP is the basis of all tax systems. GDP is used to determine how many electoral votes each state has.
History
1 answer:
dlinn [17]3 years ago
6 0
<span>The correct answer is that the GDP is the most accurate way to determine if the economy is performing well. The only downside to the GDP is that it doens't show whether the standard of living has improved along with the economy since it is possible for countries to have high GDP due to large scale manufacturares and producers, yet for the people to still be poor because of low incomes from the said company owners.</span>
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que consecuencias sociales y políticas tuvieron la industrializacion y el imperialismo para el mundo​
gtnhenbr [62]

Answer:

Comencemos con las consecuencias para las metrópolis: El imperialismo sirvió de estímulo a la industrialización en aquellas áreas donde aún era débil y favoreció su consolidación allí donde ya estaba en marcha. Esto provocó un rápido desarrollo y crecimiento económico para las naciones imperialistas.

Explanation:

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7 0
3 years ago
What was a key reason for the post-war cash crunch in America?
DedPeter [7]
The correct answer is C) rising inflation and unemployment. Among the other choices, this was a key reason for the post-war cash crunch in America. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help. 
7 0
3 years ago
Help plz.......................................................
Anarel [89]

I believe the answer is B, it seems the most fitting


4 0
3 years ago
Read 2 more answers
Economic sanctions are mainly used to
miv72 [106K]

Answer:

C. Punish nations for disobeying international law.

Explanation:

<u>Economic sanctions are and have been used to punish nations for disobeying international law. </u>A prime example of this is in the current Russia and Ukraine conflict, where many nations worldwide have united to impose multilateral sanctions on Russia. These sanctions include removal from SWIFT, various bans on Russia's oil imports, and sanctions applied to an extensive list of oligarchs. <u>All of this is to condemn the attack on Ukraine which is viewed largely as immoral and unjust.</u>

In the past, economic sanctions have also been used due to violations of international laws. South Africa was sanctioned over apartheid, China over human rights violations, and North Korea (DPRK) over their development of weapons of mass destruction. An outlier or exception in history would be the US imposing sanctions on Cuba, but this was unilateral. This was due to the US disagreeing with their political alignment with Communist powers, (the Soviet Union) not because Cuba broke international law. (they didn't) The reason Cuba was sanctioned was more because of the Cold War tensions, US political culture, and state factors that made it imperative for presidents to show that they were "tough on communism."

Apart from the outlier, all these instances, although most unsuccessful, do show <u>sanctions being used to punish nations with economic consequences for violations of international law. </u>

We can also go ahead and evaluate why the other answer choices are not as good

<u>Option A: protect domestic industries from international competitors.</u>

This is <u>incorrect </u>because the protection of domestic industries wouldn't be done most effectively by sanctions, rather <u>high tariffs to discourage imports </u>from international competitors and drive the prices of imported goods up. Sanctions often do <u>harm domestic industries</u> because they often hurt the country sanctioning the other as well- especially in the case of Russia and China considering how significant those economies are. Sanctions can easily cause a disruption in the supply chain via shortages of commodities, and this harms domestic industries.

<u>Option B: help domestic industries gain more business.</u>

When digging into the economics behind this, it makes little sense. By sanctioning a country, not only are supply chains disrupted, but the sanctioning country is often prohibiting its exports from reaching the sanctioned country. This actually <u>decreases business for the domestic industries by taking away valuable consumers</u>. While it may create higher domestic demand due to a lack of imports, this still is not the most logical choice.

<u>Option D: encourage nations to give up their nuclear weapons.</u>

While sanctions were imposed on North Korea in history due to concerns with their development of <u>nuclear weapons and anti-ballistic missiles</u>, this reason is <u>too specific.</u> Rather, the development of these weapons also falls under violations of international law, and hence the broader choice that can encompass more examples rather than just one would be a better answer choice for this question.

5 0
1 year ago
Read 2 more answers
What is the electoral college?
madreJ [45]
C is the answer C is the answer
3 0
3 years ago
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