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Rina8888 [55]
3 years ago
13

Why has America been referred to as " the land of opportunity"?

Business
2 answers:
nadya68 [22]3 years ago
6 0

It provides anyone from any background the possibility of success through hard work.

kozerog [31]3 years ago
3 0

Same as with Canada which is where both my grandfathers came from. Let's see how many reasons I can come up with just off the top of my head and just for those two.

  1. They enjoyed the freedom of the First Amendment (speech, press, religion, assembly -- Canada has the same provision) that was not granted in the country they left. They never exercised those rights, I don't think, but their children and grandchildren did.
  2. They were free to raise their children so that they had the chance of being productive. My father was an MD, but he owed that piece of good fortune to his father. The country from which they came would never have allowed him to get all that education.
  3. They were able to eventually bring their wives and children with them. There was enough money to be made, even at jobs that didn't pay much, to bring them across the Atlantic.
  4. They were able, once the families were here, to turn their attention to bettering their conditions. They never became rich, but no one starved either. That's more than could be said about those relatives who didn't do as they did.
  5. They were free to travel. They didn't do that, but their children and especially their grandchildren did. That too was very limited where they came from.
  6. They had medical care and good medical care which was not given to just anyone where they came from.

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Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A worker
a_sh-v [17]

Answer:

Structural unemployment is present in case of A, B, C, and D.

Explanation:

Structural unemployment refers to the situation when the workers are unemployed because of the mismatch between the skills they possess and the skills the employers are looking for.  

Unemployment caused by drought cannot be classified as structural unemployment. The rest of the examples involves cases of structural unemployment.

8 0
3 years ago
1. Describe the effect each action below will have on the money supply. Explain your reasoning.
makkiz [27]
The Fed sells $5 billion worth of T-bonds on the open market.
5 0
3 years ago
The inflation rate over the past year was 3.8 percent. If an investment had a real return of 6.9 percent, what was the nominal r
Natalka [10]

Answer:

Nominal rate of return= 10.96%

Explanation:

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money

<em>Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.  </em>

<em>Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation. </em>

The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;

N = ( (1+R) × (1+F)) - 1

N- nominal rate, R-real rate, F- inflation

Nominal rate of return =(1.038)× (1.069) - 1 = 0.109622

Nominal rate of return =  0.109622 × 100 = 10.96%

Nominal rate of return= 10.96%

6 0
3 years ago
If brazil gives up 3 automobiles for each ton of coffee it produces, while peru gives up 7 automobiles for each ton of coffee it
tatyana61 [14]

If brazil gives up 3 automobiles for each ton of coffee it produces, while peru gives up 7 automobiles for each ton of coffee it produces, then Brazil should focus on producing coffee because it has a competitive edge in this area.

What does Brazil have a comparative advantage in?

  • Brazil is rich in minerals, especially iron ore, but it also has oil and other basic materials. Although technically speaking they are economic rents rather than comparative advantages, they nonetheless exist and the majority of other nations do not.
  • In terms of actual comparative advantage, it is the low-cost producer of a number of agricultural items, most notably sugar, where Brazil is unquestionably the global heavyweight, but also soy, cotton, coffee, and other crops, as well as beef, poultry, and other protein.
  • Brazil's issue is not its producing side. In general, they are effective producers. It relates to infrastructure. Usually, the top three producers of most commodities are the US and Brazil.

To know more about comparative advantage in Brazil visit:

brainly.com/question/13338612

#SPJ4

3 0
1 year ago
If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity
Morgarella [4.7K]

<u>Answer: </u>

We can expect to see a large change in the quantity demanded for Good A.

<u>Explanation: </u>

  • As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
  • As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.
5 0
3 years ago
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