Answer:
c. generates income
Explanation:
International trade for a country refers to exchange of goods and services beyond geographical boundaries. In short international trade refers to the business due to import and export of goods.
For example, one nation might specialize in the production of cocoa while another nation is rich in oil wells or oil reserves. The two nations can trade such resources and eliminate scarcity or abundance.
International trade leads to increased competition in the domestic market since now the producers are compelled to adhere to meet international quality standards for their products.
So, International trade generally c. generates income.
Answer:
C. The amount of unemployment that a country typically experiences is a determinant of that country's standard of living, and some degree of unemployment is inevitable in a complex economy.
Explanation:
The unemployment rate is a determinant in the country's standard of living because this phenomenon derives in loss of income in the families, that at the same time reflects in a decrease of the spending power and this also can result in an increase in the debt problems which they don't have enough to pay.
On the other hand, in complex economies, unemployment is measured in 5 ways: cyclical, structural, seasonal, frictional and institutional. Some of these types could reach 0 but others will remain so it would be inevitable to have some degree of unemployment.
The short-term would be as such; keep the income flowing, satisfy customers and have products to supply demand
Medium-term could be anything
Long-term is as such; get a bigger domain than your competition, have great income than your competition and become the best in the business by average standards
Answer:
C
Explanation:
The prices will lower and the the amount of goods will increase