Answer:
It expands economic freedom and increases the living standards of people.
Explanation:
Globalization is a phenomenon that can be defined as the cultural, social and economic interaction between the countries of the world, which was motivated by the technological innovations that occurred, such as new means of transport and the internet.
The distances between countries have become shorter, the ease of transportation and current instant communication enable greater interaction including business, which contributes to the expansion of economic freedom, as there is greater industrialization, greater import and export favored by economic interactions between the countries, which contribute to greater development, greater possibility of doing business in places with lower costs and economic advantages. Such factors favored by globalization contribute to economic growth that positively impacts people's standard of living, creating more jobs and increasing purchasing power.
Answer:
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. Or It Can Be a useful or valuable thing, such as water or time.
Explanation:
Answer:
A. 40
Explanation:
Calculation for what was the labor productivity, in chairs per worker per day
Using this formula
Labor productivity per day =Company Per day output/ Number of labor
Let plug in the formula
Labor productivity per day= 1600/8 days×5 workers
Labor productivity per day=1,600/40
Labor productivity per day= 40
Therefore the Labor productivity per day will be 40
Answer:
Increasing progressive taxes in order to redistribute income may be seen as a fair and noble thing, but such measure may have several unintended consequences.
Explanation:
One consequence is that if taxes are raised too high on the highest earners, these people may simply leave the country for another one where taxes are lower. Wealthy people have the means to do so in the modern economy.
Another consequence would occurr if the taxes are raised too high on corporations. Corporations may either leave the country as well, or pass through the higher costs to the consumers.
All in all, progressive taxation is seen as a fair system by many economists, but it should be implemented with care, and by making cost/benefit analysis first.
