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Which of these results from the mobility of production that characterizes the current global economy?
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∙ 6y ago
outsourcing
Wiki User
∙ 6y ago
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What is the mobility of production that characterizes the current global economy?
Outsourcing
Which of these results from the mobility of production that characterizes the global economy?
outsourcing
What production is the current US economy is based primarily?
Services.
What are current trends and the advantage it provides for the global economy?
Improved communication - Facilitates international business and trade Reduction of trade barriers - Allows for a greater mobility of goods and labor Development of infrastructure - Reduces production and transportation costs Industrialization - Reduces production and transportation costs apex.
What characterizes a socialist economy?
It is 1) Nationalism, 2) Public welfare, 3)Taxation and 4) Centrally planned economy
What is the mobility of production that characterizes the current global economy?
Outsourcing
Which of these results from the mobility of production that characterizes the global economy?
outsourcing
What production is the current US economy is based primarily?
Services.
What are current trends and the advantage it provides for the global economy?
Improved communication - Facilitates international business and trade Reduction of trade barriers - Allows for a greater mobility of goods and labor Development of infrastructure - Reduces production and transportation costs Industrialization - Reduces production and transportation costs apex.
What characterizes a socialist economy?
It is 1) Nationalism, 2) Public welfare, 3)Taxation and 4) Centrally planned economy
Is the current US economy on the production possibility curve?
An economy can be producing on the PPF curve only in theory. In reality, economies constantly struggle to reach an optimal production capacity.
The relationship between current account balance and GDP?
The relationship between the current account balance and the GDP is that they both reflect the production in the given economy. They both deal with the net production.
What was the Cuban economy based on the production of?
The Cuban economy was based on the production of sugar.
Is the current US economy is based primarily on the production of Agricultural goods Goods for Federal government use Manufacturing goods or Services?
services
What is a input economy?
An economy that speciallizes in the production of inputs
How does a production possibilities curve illustrate how efficient an economy is?
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
