The correct answer is C) reduce the economic hegemony of the global north.
The emergence of the BRICS (Brazil, Russia, India, China, South Africa) countries has the potential to most likely reduce the economic hegemony of the global north.
For many years the northern hemisphere nations such as Western Europe, the United States, and Canada have dominated trade and the economic world in general.
However, experts have considered that the advent of the BRICS (Brazil, Russia, India, China, South Africa) can represent an important block to seriously compete with those northern hemisphere powers due to the size of their markets and cheap labor.
Although those BRICS countries have interesting numbers in Macroeconomy, they still have very poor people that in Microeconomics that contrasts the Macroeconomy scenario.
Hey You!
You are correct! The answer is: B. Currency.
I Really Hope This Helped You, Good Luvk With Your Studies! =)
Macroeconomics rose from two different factors that are known as theories. The business cycle theory and the monetary theory, which was believed that different monetary factors couldn't and may not affect real factors, such as outputs, yet several theories has passed, different economists proposed and explained numerous theories, yet some leads to unanswerable holes, until theories and different factors were combined to create a formal consensus that every one has agreed upon and later on, several new growth theories rose for the betterment of the economy in the long-run.
The answer would be I and III only.
Only those two factors would cause the shift from S1 to S2. This is a shift to the right, which means that this is an increase in supply.
The law of supply states that as the price increases, the supply increases. High prices make sellers more inclined to provide to make a profit.
Other factors that contribute to a shift in supply also include the price of relevant input. This means if the cost of resources used to produce a certain good increases, the supply decreases.
Milk is an ingredient used in the production of ice cream. If the price of milk increases, the supply of ice cream would decreases because sellers would be less inclined to produce more if the price of production increases. This is what rules out the second factor.
Another factor would be the emergence of competition or number of sellers. If someone else is supplying them with the same good in the same area, then you would expect an increase in supply.
Again the answer is I and III only.
I would say A would the best possible answer
