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One sign that the US economy might be weakening in the 1920's was the failure of the area banks. Along with the banks failures there was an underproduction of goods due to lack of money.

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Which of the following was a sign of an unsound economy during the 1920s?

more goods were being produced than consumers could buy


Is an increase in GDP a positive sign for an economy?

positive


How does a country's GDP help you determine if its economy is strong or weak?

A high GDP per capita is a sign of well-being and of a strong economy.


Is it a sign of weakness is a national economy manufactures few of the goods that it consumes?

An economy cannot be totally reliant on services alone. However a service-economy is a sign of economic growth and development of the country. It's not a sign of weakness, rather it shows the strength of the economy. A service-based economy will be reliant on other countries for manufacturing products and catering to the demand of primary and secondary markets. However, no market is a pure service oriented market and US is no exception. So it's not a sign of weakness nor is it bad that US is a service-based economy. It just means that they have a highly skilled and competent workforce who work in the tertairy sector. But don't forget that US also has primary and secondary sectors- but they're not that dominant as compared to tertiary sector.


Which economic indicator because the process of generally declining prices?

The economic indicator that reflects the process of generally declining prices is known as deflation. Deflation occurs when the overall price level of goods and services decreases, often leading to reduced consumer spending and lower production levels. It can be a sign of a weakening economy and may result in increased unemployment and lower business revenues. Central banks often respond to deflation by implementing monetary policies aimed at stimulating economic growth.

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Which of the following was a sign of an unsound economy during the 1920s?

more goods were being produced than consumers could buy


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Is an increase in GDP a positive sign for an economy?

positive


How does a country's GDP help you determine if its economy is strong or weak?

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Is it a sign of weakness is a national economy manufactures few of the goods that it consumes?

An economy cannot be totally reliant on services alone. However a service-economy is a sign of economic growth and development of the country. It's not a sign of weakness, rather it shows the strength of the economy. A service-based economy will be reliant on other countries for manufacturing products and catering to the demand of primary and secondary markets. However, no market is a pure service oriented market and US is no exception. So it's not a sign of weakness nor is it bad that US is a service-based economy. It just means that they have a highly skilled and competent workforce who work in the tertairy sector. But don't forget that US also has primary and secondary sectors- but they're not that dominant as compared to tertiary sector.


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What international agreements did the US sign in the 1920s?

One of the agreements was NAFTA. It was between Canada, North America and Mexico in regards to trading items with one another.