Answer:<em> </em>In today’s global economy, consumers are used to seeing products from every corner of the world in their local grocery stores and retail shops. These overseas products—or imports—provide more choices to consumers. And because they are usually manufactured more cheaply than any domestically-produced equivalent, imports help consumers manage their strained household budgets. When there are too many imports coming into a country in relation to its exports—which are products shipped from that country to a foreign destination—it can distort a nation’s balance of trade and devalue its currency. The devaluation of a country's currency can have a huge impact on the everyday life of a country's citizens because the value of a currency is one of the biggest determinants of a nation’s economic performance and its gross domestic product (GDP). Maintaining the appropriate balance of imports and exports is crucial for a country. The importing and exporting activity of a country can influence a country's GDP, its exchange rate, and its level of inflation and interest rates.
Explanation:
The han dynasty invented paper
Answer:
Explanation:
Taking Country B as a comparison to the United States,
Country B -
1 barrel of oil = 7 hrs
1 ton of coal = 3 hrs
U.S. -
1 barrel of oil = 4 hrs
1 ton of coal = 5 hrs
Country B has the comparative advantage in coal production over US because it takes less time to produce 1 ton of coal. The opposite is true for oil production as US takes less time for 1 barrel of oil.
Availability and use of a natural resource give a country an advantage over another that does not. It takes less time with easily accessible national resource to produce something; such as oil and coal.
The correct answer is
<span>The wealthy often profit from the hard work of the lower class.
The idea is that the lower class works hard while the rich ones reap what the lower class earns. The rich get richer while the poor get poorer. This is a very Marxist way of thinking because Marx himself claimed this and claimed that the classes should be abolished.</span>
Either St. Moritz or Albertville. Hope this helps!:)
