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What term is defined as the idea of each country concentrating on making those goods it can produce most efficiently and buying from other nations those goods it cannot make as efficientl?
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What is defined as the difference in value of a country's exports and imports over a period of time?
Balance of trade
What is nominal national income?
National income is defined as the total value of all the goods and services produced within a country plus income coming from abroad in a particular time period usually 1 year.
Are there different levels of economy?
Normally an economy of a country is defined as either developed or developing. This classification is based on GDP per capita(mostly) and some other measures(such as HDI)
How is a stock exchange point defined and how does it correlate to percentage?
how can the stock exchage be defined ?
Mercantilists economic philosophy?
Mercantilism is defined as being the economic policy or theory in which a country sets up a colony or several colonies, like Spain did in Latin America or Britain in North America, for the sole reason of the economic gain of the mother country. IN other words, the only reason a mercantilistic country would set up a colony was for the economic prosperity of the mother country through the natural resources and manual labor gotten in the colony.
Which of these terms is defined as the idea of each country concentrating on making those goods it can produce most efficiently and buying from other nations those goods it cannot make as efficiently?
comparative advantage
Sovereignty means that a country has a clearly defined territory true or false?
True. Sovereignty refers to a country's authority and right to govern itself within clearly defined borders.
What is anti immagration defined as?
It is generally defined as a group of people who are living in a country; these people are against foreign people from other lands moving into their country.
What class is there for business administration ?
Administration can be defined as the universal process of organizing people and resources efficiently so as to direct activities toward common goals and objectives.
How is the word patriotism defined?
The word patriotism is generally defined as 'someone who is sympathetic towards their country.' This person has accepted a vow to remain loyal to the country that has proven worthy of their trust.
Sovereignty means that a country has a clearly defined territory?
false
Which term is defined as land that is ruled by another country?
A Colony.
When did Portugal become an actual country?
Since 1249, but has defined borders since 1668, the world oldest defined borders.
When does a country allow its exchange rate to move withing a defined band with an upper and lower boundry?
When does a country allow its exchange rate to move withing a defined band with an upper and lower boundry
What do you understand by Management?
Management is defined as a focus that a job can be done through a people with a process of planning, Organizing, staffing, leading and controling to achieve agoal efficiently and effectively in a dynamic environment.
To be identified as a country an area must have?
To be identified as a country, an area must have defined borders, a permanent population, a government, and the ability to enter into relations with other sovereign states.
What is a arctic is it a country or a city?
The Arctic is neither. It is comprised of both countries and cities. It is defined in different ways, but is broadly defined as north of the 66.5 degree parallel.
