In developing countries, labor is cheap and low wages are paid to employees. This enables firms to manufacture products at a low cost and, therefore, to fix low prices for them too. Such goods are exported because they become attractive in the international sphere due to their price. Domestic products from developed nations cannot compete in prices with those imports, because their production costs are much higher, specially the labor costs.
If domestic products cannot compete with imports, domestic firms will not be able to sell their products and this would lead to decrease in sales, a loss of profit and to an excess of employees that wil have to be dismissed.
<u>In absolute terms, low wages in a developing country reduce the production, income and employment levels in developed countries. </u>
Answer:
By controlling supplies, OPEC nations were able to set the prices for oil.
Explanation:
OPEC which is an acronym of Organization of the Petroleum Exporting Countries was established in1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela and has been increased to fifteen countries presently through the controlling of supplies.
OPEC nations were able to set oil prices to have control over the demands and supplies. This helps the OPEC members, with the belief that controlling oil supplies leads to equal aggregate demands and supply thereby leaving no surplus of oil.
Hence, the collaboration generates more money for the members of OPEC
The answer is:
mental maps of reality
Shelby remembers from her anthropology class that racial categories are determined by mental maps of reality.
Mental maps of reality is a persons point-of-view perception of their area of interaction. We all have mental maps we carry around in our heads to make sense of the geographical world around us.
Answer: No
Explanation:
Democracy ensures economic growth. Democracy allows the people to vote rightfully for the right leader to be in position. A right leader for the people knows what is best for the economic growth of the country.
Answer:
"This inhaler is for prevention of asthma attacks, not for an acute attack."
Explanation:
"Salmeterol" is a drug that is used in the treatment of asthma and other pulmonary diseases. It is also used for treating coughing, shortness of breath, wheezing, etc.
Two years ago, a thirteen year girl was diagnosed with asthma. And today her physician wants her to start a salmeterol through the inhaler.
The nurse needs to inform the girl and her family about the inhaler is that this inhaler will protect her from asthma attacks only and will not be used in times of an acute attack.
Thus the answer is
"This inhaler is for prevention of asthma attacks, not for an acute attack."
