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3 years ago

An economy that is based on mining or producing raw materials to be used in foreign industries is called

Business

2 answers:

pogonyaev3 years ago

8 0

Answer:

An extractive economy

Explanation:

An Extractive economy can be defined as a resource based economy that is based on mining or producing raw materials to be used in foreign industries. This natural resources can be exported for sale in other foreign countries which help to boost economy, growth and development.

nataly862011 [7]3 years ago

7 0

Answer:

An extractive economy

Explanation:

A country that largely relies on the natural resources or the resources that it produces with little or no processing is often referred to as an extractive economy. All of the countries were mostly extractive economy before the first industry revolution. After some every country realized that the finished goods have greater profits than the raw materials with little or no processing. So we see countries like oil exporters investing in other industries because of bulk of cash reserves.

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What happens when there are only a few large customers in the market?

kkurt [141]

The price become stable

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4 years ago

______ can be used by a manufacturing firm to generate computerized documents sent to the supply chain members to signal that pr

kolbaska11 [484]

Answer:

The answer is Application Programming Interface (API)

Explanation:

API is a virtual portal that allows tokenized set of data to be transmitted among many parties. By tokenize data and transmit through APIs, parties can get the required data quicker and more secured. In the example, computerized documents can be transmitted among supply chain members to signal that products and materials need to be pulled.

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3 years ago

Mandel transferred property to his new corporation in a section 351 transaction. Among the several properties transferred by Man

JulsSmile [24]

Answer:

False

Explanation:

§ 351 establishes that businesses shall not recognize any capital gain or loss from property transferred to them in exchange of stocks or partnership share. So the businesses have to record this type of transactions at their fair market value and not their tax basis.

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3 years ago

Which of the following do you NOT need to open a checking account?

pav-90 [236]

Answer: Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you ...

Explanation:

8 0

3 years ago

. Demand-pull inflation occurs when multiple choice 1 there is a negative GDP gap. there is a negative price gap. there are incr

Alexxandr [17]

When there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

The Demand-pull inflation is the type of inflation experienced as a result of an imbalance in aggregate supply and demand, thus, the prices go up because of aggregate demand which outweighs the aggregate supply.

Therefore, the Option C is correct because when there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

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2 years ago