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What does the term macroeconomic refer to?
Macroeconomics refers to the national economy.
What does the term macroeconomics refer?
Macroeconomics refers to the national economy.
What does the term microeconomics refer to?
Microeconomics refers to a small, localized economy.
What is an explosion in the economy's ability to produce?
An "explosion" in the economy's ability to produce would likely refer to a positive thing. This means there has been a sudden, drastic improvement in economic production.
What is black gold a commonly used to refer to?
The term black gold - is often used to refer to crude oil.
The phrase or term thats used to refer to the number of goods and services available to each person in an economy is?
Supply is the phrase or term that is used to refer to the number of goods and services available to each person in an economy. The goal is to balance the supply with the demand for the good or service.
What term is used to refer to the basic support systems that a nation needs to keep its economy running smoothly?
Infrastructure.
Foreign exchange rates refer to the?
A straight answer for your question is the economy of the currency based on present, past and future perspective.
What term is used to refer to the basic support systems that a nation needs to keep it economy running smoothly?
Infrastructure.
In what ways are the three economic systems alike what are the major differences?
The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.
Does Colombia have a free market economy?
Yes, Colombia has a free market economy, and, in fact, Colombia has an economy similar to the United States because, like the United States, the government of Colombia is able to intervene in the economy under certain circumstances, but it also allows the economy to grow on its own. For further information, refer to http://www.everyculture.com/Bo-Co/Colombia.html
What is the phrase or term that's used to refer to the number of goods and services available to each person in an economy?
is equal opportunity
