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m_a_m_a [10]
3 years ago
11

which economies would you expect to rely LESS on foreign trade as a percentage of their economic activity

Business
1 answer:
Artist 52 [7]3 years ago
4 0

Answer: А. large, more heavily populated, economies like China

Explanation:

Larger countries like China and the US have a higher population which will mean that domestically, they produce quite a lot and so percentage wise would be able to rely less on foreign trade as they will produce a lot of things for themselves.

Smaller countries like Singapore however, will be unable to produce much of what they need and so will have to engage in foreign trade more than larger countries, percentage wise.

Mathematically speaking. Percentage wise, larger countries will rely less on foreign trade because foreign trade will be less compared to their large economies. The reverse is true for smaller countries.

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What is most likely to happen if the Fed prints too much currency?
Serggg [28]
If Fed prints too much currency it will lead to an increase of inflation.
Inflation means sudden increase to the price or costs of the goods and services in the country. When the prices increased, the sudden demand get lower for this goods and services.
4 0
3 years ago
Read 2 more answers
Generally it is thought that assignment of property rights leads to efficient use of resources. We noted two cases however (the
malfutka [58]

Answer:

Explanation:

This could be due a number of factors.

1 Externality effect

2 There could also be market failure, when property rights are not properly defined.

Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.

Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.

4 0
3 years ago
Which is a drawback of virtual (internet only) banks?
Wewaii [24]

Answer:

C) Some transactions can only be done in person, not virtually.

Explanation:

Internet banking is less flexible with transactions because there are certain funds which cannot be deposited via banking apps. Depositing a cheque is somewhat possible through internet banking but it is impossible to deposit cash the same way. The account holder is supposed to personally visit the bank to deposit cash. The process turns out to be extremely cumbersome and time-consuming.

6 0
3 years ago
Suppose gold​ (G) and silver​ (S) are substitutes for each other because both serve as hedges against inflation. Suppose also th
maksim [4K]

Answer:

a) Gold = $1,380; Silver = $1,020

b) Gold = $1,300; Silver = $980

Explanation:

a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:

P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020

Equilibrium price of gold is $1,380 and the price of silver is $1,020.

b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:

P_g = 930-120 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1620 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,300\\P_s = 980

Equilibrium price of gold is $1,300 and the price of silver is $980.

8 0
3 years ago
PC Company uses the weighted-average method in its process costing system, in which all materials are added at the beginning of
Svetllana [295]

Answer:

a. $45.92 per equivalent unit

Explanation:

Calculation for direct material cost per equivalent unit

First step is to calculate the Total units

Total units = 2,500 + 500 - 800

Total units = 2,200

Now let calculate direct material cost per equivalent unit

Direct material cost per equivalent unit=($16,320+$121,440)/(2,200+$800)

Direct material cost per equivalent unit=$137,760/3,000

Direct material cost per equivalent unit=$45.92 per equivalent unit

Therefore the Direct material cost per equivalent unit will be $45.92 per equivalent unit

7 0
3 years ago
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