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3 years ago

Trade surpluses and trade deficits can be __________________ for an economy in certain circumstances.

Business

2 answers:

Alla [95]3 years ago

4 0

Answer:

C) Either a or b.

Explanation:

Trade surpluses occurs when a country exports more than it imports and trade deficit occurs when a country imports more than it exports.

Although economy of every country is different, some survive at imports and some at exports, c<em>ircumstances</em> also play an important role.

Such as the country has lack of money yet it's incurring a trade deficit this will be harmful. Take an example of Pakistan's economy, they have less money yet they are importing and this is harming their own economy.
When the country has lots of money, and it's importing goods from outside, it will be beneficial for it. Take an example of Saudi Arabia, they have money and they are importing goods from outside, which is not damaging their economy.

monitta3 years ago

4 0

Answer:

c) either a or b

Explanation:

Trade surplus refers to when the value of a country's exports exceeded its imports.

Trade deficit refers to when the value of a country's import exceeds its exports.

Trade surplus can be beneficial as its tends to enable the exporting country earn foreign exchange thereby boosting its foreign reserves.

Whereas on the other hand, it can lead to deficits as the importing country would need to spend more foreign exchange getting the products and then depleting its foreign reserves.

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Likurg_2 [28]

The statement, according to the erosion model of an organizational commitment, the employee with the fewest emotional bonds is the most likely to quit, is true.

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Here the social influence model states that suppose when two employees are closely related or have good terms, so if one of them quits their work, then the other one is more likely to follow them and leave the organization.

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1 year ago

Which items are consequences of globalized trade for a developed nation that begins to import more goods and services from less-

Vaselesa [24]

Answer:

Globalization has resulted in great opportunities for businesses from less developed countries to take a hold over the more and much bigger markets from all over the world. Hence, the business over there has the opportunity for better capital flow, human capital, technology, larger export, and low-cost imports, And since they export their products at lower rates, the developed countries import from them more goods and services to save capital.

However,

1. These products lack quality.

2, And they are more prone to defects as well as wear and tear, as a developed country's technology is far superior to those of developing countries. However, now the developing countries are picking up the speed, and coming up with better technology to match that of developed, because of better education facilities, and proper training.

Explanation:

Please check the answer.

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3 years ago

A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A

prisoha [69]

Answer:

The answer is below

Explanation:

A What is the probability that all 4 selected workers will be the day shift?

B What is the probability that all 4 selected workers will be the same shift?

C What is the probability that at least two different shifts will be represented among the selected workers.

The total number of workers = 10 + 8 + 6 = 24

The probability that all 4 selected workers will be the day shift is given as:

$P_a=\frac{C(10,4)}{C(24,4)}= \frac{210}{10626}=0.0198$

$C(n,r)=\frac{n!}{(n-r)!r!}$

B) The probability that all 4 selected workers will be the same shift ( $P_B$ ) = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.

Hence:

$P_B=\frac{C(10,4)}{C(24,4)}+\frac{C(8,4)}{C(24,4)}+\frac{C(6,4)}{C(24,4)}=0.0198+0.0066+0.0014=0.0278$

C) The probability that at least two different shifts will be represented among the selected workers ( $P_C$ )= 1 - the probability that all 4 selected workers will be the same shift( $P_B$ )