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2 years ago

Why are products made in Third World Countries cheaper than goods made in the US?

Business

1 answer:

Lostsunrise [7]2 years ago

6 0

Answer:

Demand in developing countries is lower and so the price is set lower to match the capacity to pay (such as pharmaceuticals). Locally produced goods, especially the outputs of primary production are generally inexpensive and often will be cheaper in developing countries e.g. bananas.

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Question 6 (10 points)

mafiozo [28]

The answer is decreases

3 0

2 years ago

Mikalya put 500$ in the bank. The annual interest rate is 2 percent. How much money will mikalya earn in one year?

Tema [17]

Answer:

&10

Explanation:

This is a case of simple interest.

It gotten as Interest= Prt

Where:

P=principal

r=rate

t=time

Therefore

$500×2%×1= 10

5 0

3 years ago

Economics: A group of competitors who work in unison to control the supply and price of their product is called a

7nadin3 [17]

Answer:

cartel

Explanation:

A "cartel" is a group of competitors or market participants who are independent from each other. They work in unison by cooperating secretly in an unlawful way so they can control the supply and price of their products. In this way, they can dominate the market.

Such type of alliance with rivals have existed since the ancient times. It increased following World War I, but started declining after World War II.

So, this explains the answer.

6 0

3 years ago

According to the IS–LM model, if Congress raises taxes but the Fed wants to hold income constant, then the Fed must ______ the m

abruzzese [7]

Answer:

Increase

Explanation:

Population net income consists of the difference between labor income and expenditure. If the government adopts a contractionary fiscal policy, that is, increases taxes, the net income of the population will decrease, since part of the income will be directed to the payment of taxes. For the Fed to compensate for this decline in income, an expansionary monetary policy will have to be adopted, ie the Fed must act to stimulate the population's income. The increase in money supply has the effect of warming the economy in the form of higher demand and higher wages. This is the form of compensation between two different policies, one contractionist and one expansionist.

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2 years ago

Hola! En este grupo, estare subiendo muchos datos interesantes sobre la sag de peliculas ''Harry Potter''. ''Harry Potter'', Es

Basile [38]

Wizard Man info? Count me in! I'll be sure to give you a follow. ;)

6 0

2 years ago