The standard of living will fall down.
The Financial institutions that engage in activities such as investing, currency exchange, and money deposits. Commercial banks, investment banks, brokerage businesses, insurance companies, and asset management funds are common examples.
Americans had faith in the banks and the economy, which appeared to be stable. It would be hard for enterprises to acquire financing if consumers lost trust in the safety of financial institutions . As a result, capital investment would stall, unemployment would rise, output of goods and services would fall, and the overall quality of life would deteriorate.
Therefore, the answer is fall in standard of living.
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Answer:
All you have to do is pay off your credit card bill in full and on time each month, and just keep doing that.
Explanation:
the tradeoff for the average worker when it comes to international trade policies in specialization and comparative advantage because there is the possibility that workers could be laid off from their job.
Barriers to international trade are policies implemented by governments to prevent international trade and protect domestic markets. These include subsidies, tariffs, quotas, import and export licenses and standardization.
All agreements establishing free trade areas have the same goal of liberalizing trade, promoting economic growth, and giving member countries equal access to markets.
The WTO oversees four international trade agreements: the GATT, the General Agreement on Trade in Services (GATS), and the Agreement on Trade-Related Intellectual Property Rights and Trade-Related Investments (TRIPS or TRIMS).
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I believe it is the B. troubleshooting focuses on how to fix the problem