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What economic activity is most likely to produce a surplus?
A commercial or logo.
Which situation most likely results when the government lowers interest rates to banks?
Economic activity increases.
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
Discuss the economic problems that are likely to occur as a country moves from central planning towards a market economy?
If the country is sliding into an economic recession the president would be most likely to consult with?
Most likely the Secretary of Treasury.
What is likely to happen to a country's economy if its population is affected by a disease pandemic?
Economic productivity would decline.
What is likely to happen to a country's economy if it's population is affected by a disease pandemic?
Economic productivity would decline.
In a developing country You are most likely to find biomass used?
In a developing country, biomass is most likely to be used for cooking and heating purposes. This can involve burning wood, crop residues, animal dung, or charcoal for energy. Biomass is often a primary energy source in areas with limited access to modern fuels and technologies.
Which situation most likely results when the government raises interest rates to Banks?
Fewer citizens borrow money to buy houses or cars
Which factor would most likely discourage someone from migrating from their home country?
War, political instability, lack of economic opportunities, and strong social ties are factors that would most likely discourage someone from migrating from their home country.
In which category would you place a nation with few paved toads telephones and airports?
A nation with few paved roads, telephones, and airports would likely be categorized as a developing or low-income country. Such infrastructure deficits often indicate limited access to resources, technology, and economic development. This situation can affect the nation's overall quality of life, economic opportunities, and connectivity both domestically and internationally.
What economic activity is likely to be found on the Northern European Plain?
The Northern European Plain has good land for farming. Many of the people who live in this region make their living as farmers.
How would an overall decrease in investment and consumer consumption impact GDP?
An overall decrease in investment and consumer consumption would likely lead to a decrease in GDP. This is because GDP measures the total value of goods and services produced in a country, and reduced investment and consumption would result in lower economic activity and output. This could lead to a slowdown in economic growth and potentially a recession.
