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The African Nation is trying to diversify their economies because A country with a diverse economy will not be hurt as much if a major cash crop fails or if world prices for one of it's major mineral exports suddenly drops.
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What is a developing nation switching from government to individual ownership of industry?
China is trying to convert to more of a marker economy.
Why is Saudi Arabia trying to diversify their economy?
They are making investments all across the world, in the hopes of acruing enough interest, that just on acruing interest the kingdom will always have money. The truth is, Saudi Arabia doesn't need oil anymore; so many Saudis have invested all over the world, and are already acruing interest, that they have enough extra non-oil revenue to last 300 years.
Why do you think macroeconomics focus on just a few key statistics when trying to understand the health and trajectory of an economy?
Macroeconomics focuses on just a few key statistics when trying to understand the health and trajectory of an economy because trying to incorporate every aspect of the economy would be too difficult. Milton Friedman was a famous macroeconomist.
When trying to decide what to produce businesses will look at the demand for their goods of what type of economy?
market.
What type of economy is this When trying to decide what to produce businesses will look at the demand for their goods?
This cannot be answered. This does not make any sense.
Why are African nations trying to diversify?
this is so confusing
What is a developing nation switching from government to individual ownership of industry?
China is trying to convert to more of a marker economy.
How can the states influence the policies of the federal government?
By trying out policies that might later affect the entire nation
What is Vietnam trying hard to improve?
economy A+ users
Why is Saudi Arabia trying to diversify their economy?
They are making investments all across the world, in the hopes of acruing enough interest, that just on acruing interest the kingdom will always have money. The truth is, Saudi Arabia doesn't need oil anymore; so many Saudis have invested all over the world, and are already acruing interest, that they have enough extra non-oil revenue to last 300 years.
What is Vietnam trying to improve?
Economy clari
Is the level of competition high or low in the economy?
It is high because everyone in the economy is trying to make money.
Why are you in war with Iraq?
No nation is at war with Iraq. Trying to establish law, order, and stability to the nation.
Why do you think macroeconomics focus on just a few key statistics when trying to understand the health and trajectory of an economy?
Macroeconomics focuses on just a few key statistics when trying to understand the health and trajectory of an economy because trying to incorporate every aspect of the economy would be too difficult. Milton Friedman was a famous macroeconomist.
Do people believe George W. Bush to be incompetent?
Yes. In my opinion, George Bush was one of the worst presidents ever. Not quite as bad as Jimmy Carter or Slick Willie Clinton, though. They drove our country into the ground. As much as Republicans say that 'Obama Lied, Our Economy Died', Ross Perot was the man who let down our nation and killed our economy. Obama may be a little bit spineless when it comes to trying to fix our nation, but he is not the reason that our nation is in an economic crisis. Sometimes, I believe, Republicans act quite blind.
What is Irans economy based on?
Half of Iran's government and the private sector is half of the Iranian economy. The Iranian government that Iran is trying to privatize it.
How has economy changed over time?
Historically, this area's economy was based on agriculture. The Soviets created a command economy. Since the end of the Soviet Union, this region is trying to develop a market economy.
