What are some of the main advantages and disadvantages of the extensive financial and commercial networks linking nations today?
What will be an ideal response?
Some of the advantages are that buyers receive lower prices, more choice, and more access to innovative technology. The major disadvantage is that a crisis is more likely to spread from one part of the world to another.
You might also like to view...
As the capital stock grows and technology improves, we would expect the long-run aggregate supply curve to
A) shift right. B) shift left. C) remain the same. D) first shift right, then shift left.
How can a firm stay in business if it makes no economic profit in the long run?
What will be an ideal response?
Changes in relative prices may occur
A. Only in periods of stable prices. B. In periods of stable prices or in periods of inflation or deflation. C. Only in periods of inflation or deflation. D. In none of the other choices.
For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your average cost for a meal is:
A. $5. B. $4. C. $0.25. D. $6.