Richard provides a social comparison in the case above. Social comparison is a way of having a determinants of an individual's worth in terms of socially or physically in relation to other people. It could be seen above above as they try to evaluate and compare the relationship and worth of the siblings of Jose.
1. Embargo - An official ban or trade or other commercial activity with a particular country.
2. Tariff - Tax on imports.
3. Economic growth - The ability of the economy to increase the production of goods and services.
4. Specialization - Workers concentrate on producing those goods and services for which they have a competitive advantage.
5. Currency exchange rate - The price of one country's currency expressed in terms of another country's currency.
6. Quota - Limitation on imports.
7. Voluntary free trade - An ideal feature of a global economy; it is when each party involved in a trade expects to gain from the trade.
8. Trade barriers - Restrictions placed on trade, for example tariffs and quotas.
Answer:
B. there is "normal" friction in the economy made up of those workers who are between jobs and those new entrants to the labor force
Explanation:
- The full employment is not zero as this is the normal friction that is made up in the economy and exists with those workers that are new to the market of jobs and those existing in the workforce.
Answer:
Amsterdam Treaty
Explanation:
The Amsterdam Treaty was signed on 2 October 1997 according to which the Member States decided to engage in broad policy and institutional changes. The Treaty authorized member states to increase certain powers from national governments to the European Parliament, covering diverse issues like legislating on foreign and security policy, adopting civil and criminal laws and immigration laws. It paved the way for implementing institutional changes to accommodate its expansion because of the new member nations joining the EU.
<u>Answer:</u>
<em>The size of state’s population</em>
<u>Explanation:</u>
<em>Virginia plan basically set forward the proposition of the idea of population weighted representation. </em>
It was proposed by the then Governor of Virginia Edmond Randolph and constitutes proposition for the bicameral legislature where members will based on the quota according to the weighted population of the state.
This plan also set forward the concept of government with three branches with check and balance to resist the abuse of power from any of these governing branches. <em>This plan was not appreciated by the small states with less population.</em>
