Answer:
Born in Wesel circa 1580, Peter Minuit joined the Dutch West Indian Company in the 1620s. Named director of the New Netherland colony in 1626, he is said to have negotiated a deal for the island of Manhattan with a Native American tribe and helped develop a profitable fur trade in the region.
<span>The Chinese Exclusion Act of 1882 was the first federal law to restrict immigration law on the basis of race and class</span>
This example of unemployment is associated with <em>"Structural Unemployment"</em>. This type of unemployment is related to changes in market conditions. In this case, the greater demand for cars has made it necessary to improve the production process in order to increase the output of new cars. This automated process aims to achieve this at a lower cost, in comparison to having several employees whose total wage bill is probably higher than the operating costs of the new machines.
Answer:
1.
there is a point on which most economists agree, it is that trade among nations makes the world better off. Yet international trade can be one of the most contentious of political issues, both domestically and between governments.
When a firm or an individual buys a good or a service produced more cheaply abroad, living standards in both countries increase. There are other reasons consumers and firms buy abroad that also make them better off—the product may better fit their needs than similar domestic offerings or it may not be available domestically. In any case, the foreign producer also benefits by making more sales than it could selling solely in its own market and by earning foreign exchange (currency) that can be used by itself or others in the country to purchase foreign-made products.
2.
America cannot have a growing economy or lift the wages and incomes of our citizens unless we continue to reach beyond our borders and sell products, produce, and services to the 95% of the world’s population that lives outside the United States.
