Answer:
"An economic and monetary union involves the free flow of products and factors of production among member-countries and the adoption of a common external trade policy, but it also requires a common currency, harmonization of members tax codes, and a common monetary and fiscal policy."
Explanation:
A monetary and economic union is a common market with a common currency. Monetary unions have not necessarily created a common market; in fact, the only monetary and economic union in the world is the Eurozone of the European Union, made up of members of the Union who have adopted the euro as their state currency. It is considered one of the most advanced stages of economic integration.
Answer:
B. what businesses believe will generate the most profits.
Explanation:
A market economy is one where the factors of production are owned by the private sector. Production and distribution of products and services are in the hands of private individuals and firms. The government's role is mostly regulation and the provision of public goods.
In the market economy, the private sector engages in business to make profits. They risk their resources in producing goods and services that can increase their wealth. Only the products that are likely to generate profits are produced.
Answer:
a. True
Explanation:
The uterine family represents the individual mother and mother children. in other way, it is you, your mother, your siblings, etc
The Uterine family implies the family description that shows the women have the children but they are not officially recorded as a members of the similar lineage
Therefore the given statement is true
Answer:
Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.
Explanation:
Natural resources are a source of wealth for the country. Mineral such oil and precious stones have made nations wealthy.
Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security. Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.
Answer:
d. both b and c
A foreign bond is when a foreign entity issues a bond in a local market and in local currency so for example if a Italian company issued a bond to borrow money from American markets, and the bond was issued in USA and it's currency was dollars then it would be classified as a foreign bond so in this case both B and C are correct because a German MNC issuing dollar denominated bonds is an example of a foreign entity issuing a bond in a local market denominated in local currency, and a bond issues by a foreign borrower to investors in national market and denominated in that nation's currency is also an example of a foreign bond
Explanation:
