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LekaFEV [45]
3 years ago
8

"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers." T

his statement is correct for a nation that exports manufactured goods, but it is not correct for a nation that imports manufactured goods.a. Trueb. False
Business
1 answer:
kondaur [170]3 years ago
8 0

Answer:

B) False

Explanation:

Trade usually benefits all the nations involved. We can use an extreme example, Chinese-American trade. America has a huge trade deficit with China, but still the whole country benefits from it. America lost some manufacturing jobs, but they have been replaced by higher paying service related jobs (currently service related jobs account for more than 70% of the total jobs in America).

And more important, American citizens are able to buy very good and cheap products from China and other places. Imagine if we had to pay for only domestic products, we would spend a much larger portion of our income in them.

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The Federal Deposit Insurance Corporation was established in 1933, during the Great Depression, to:_________
ICE Princess25 [194]

Answer:

b) help stop bank failures throughout the United States.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of them being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

The Federal Deposit Insurance Corporation which is also generally referred to as the FDIC was a New Deal program introduced by President Franklin D. Roosevelt in 1933 and it was designed to prevent bank failures or bank runs and restore the public's faith in the banking system.

Hence, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933 so as to counter or mitigate the problem with bank runs.

Generally, the income generated from the premium payments of insured banks is used to fund or finance the Federal Deposit Insurance Corporation (FDIC).

Additionally, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

In conclusion, the Federal Deposit Insurance Corporation (FDIC) was established in 1933, during the Great Depression, to help stop bank failures throughout the United States.

7 0
3 years ago
Parents of young children have been known to drive out of their way so their kids will not see McDonald's Golden Arches and plea
Pavel [41]

E

know what the Golden Arches brand symbol means.

7 0
3 years ago
Read 2 more answers
Which statement correctly describes the current state of instant messaging in the workplace? Multiple Choice It is an establishe
vfiekz [6]

Answer:

It is a relatively new, undeveloped form of communication in the workplace, and attitudes toward it vary.

Explanation:

4 0
3 years ago
(b) Cite 3 reasons for and 3 reasons against rebuilding Greensburg as a “green town.”
mamaluj [8]

Answer:

The following are 3 against reasons for the reconstruction of Greensburg as the "green city":

Explanation:

Following are the reasons and the counter reasons:

Reasons:

  • Its tornado was something which will never be large as ever before, in which the city has been harmed and 95% of his residences have been destroyed. It also offers you to recreate the green city.  
  • The creation of a green city would also enable many cities to the devastated area to integrate with green technology.  
  • The Greenburg would become an icon with style as well as a prototype for the building of a clean energy city.

Counter Reason:  

  • The green tech isn't cheap and it would put pressure on the public resources.  
  • When a tornado of the same size hit Greenburg, then nobody would cause a serious source of financial and private assets.  
  • The city should give priority to tornado refugee camps that are capable of protecting public goods instead of building a green culture.
6 0
3 years ago
The​ short-run phillips curve shows​ that, other things remaining the​ same, _______.
Triss [41]
The short- run Phillips curve shows the relationship between inflation and the unemployment rate f<span>or a given level of anticipated inflation and natural unemployment rate</span><span>
The​ short-run Phillips curve shows​ that, other things remaining the​ same, </span>real GDP increases above potential GDP.
4 0
3 years ago
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