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Alexeev081 [22]
3 years ago
12

In which type of economy are the basic economic questions, "what goods to produce and how to produce them decided based on custo

ms passed down from previous generations?"
Social Studies
1 answer:
KonstantinChe [14]3 years ago
3 0

Answer:

Traditional economy

Explanation:

The type of economy are the basic economic questions, "what goods to produce and how to produce them decided based on customs passed down from previous generations" is known as Traditional economy.

Traditional economy is an economic system in which traditions, customs, and beliefs help formulate the products and services that are produced by the economy, as well as the rules and manner of their distribution. Rural and farm based countries tend to use this kind of economic systems.

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A decrease in U.S. interest rates leads to: a. a depreciation of the dollar that leads to greater net exports. b. a depreciation
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Answer:

a depreciation of the dollar that leads to greater net exports.

Explanation:

The interest rate is considered "the price of money". When the interest rate is high, more dollar is demanded and appreciated, as economic agents can make a greater profit from buying US bonds (which pay interest-rate). Thus, the dollar becomes more expensive. compared to other currencies. Conversely, when the interest rate decreases, the dollar tends to depreciate against other currencies.

Exports, in turn, are associated with the value between currencies. When the dollar depreciates, it means that more dollars can be bought with the same amount of foreign currency. In terms of trade, this stimulates exports, as dollar depreciation makes American products cheaper for other countries. Consequently, the competitiveness of the American economy increases as a whole.

For example, imagine a foreign company that buys US smartphones. If the rate is 1: 1, ie 1 foreign currency unit buys 1 dollar. Now imagine the Federal Reserve lowering the interest rate by depreciating the dollar so that the new exchange rate is 1: 1.20, ie 1 foreign currency buys $ 1.20. For the foreign company it was cheaper to buy American smartphones, as the dollar depreciated against its currency. In contrast, for the US to buy (import) goods from another country is more expensive. Since the net trade balance is the difference between exports and imports, the economy tends to have a higher net export balance.

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3 years ago
What was the cause of the Cowboy Strike in 1883?
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in the time of 1883 a group of cowboys decided to walk away from their jobs in Oldham County in northwest Texas  by the New Mexico line . The strike came about the gilded ages business pratices were moving west ,overturning the traditional close relationship between ranch owners and also ranch hands.

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Social sciences are a. the observable facts or events that involve human society. b. how people relate to one another and influe
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Answer: D

Explanation:

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Social science studies the society and the way people behave and their impact on the world. Social science gives an insight into how the society works such as causes of unemployment, importance of economic growth, causes of migration, why people vote and so on.

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Answer:

C) unanimous support from the party that suggested the legislation

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What is Department of Commerce concerned with foreign or domestic policy?
artcher [175]

Answer:

good luck with your test

Explanation:

I did that already it's hard

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