Economics

Protective Tariff

Ethnic tension and conflict.

Nongovernmental organizations (NGOs) work in environmental protection, education, and health care.

Specialization and assembly line manufacturing consists of separating the production of goods and services into smaller tasks. Employees will generally be given specific tasks that they will learn well, and do repeatedly.

no

A subsistence economy is an economy which is based on gathering or amassment of valuable items; the increase in wealth; or the creation of wealth. So, basically, an example would be Canada, the United States, etc. Almost the whole world is a subsistence economy.

Presidential republic

Bhuddhism is the religion founder by Hindu prince siddhartha (Gautama buddha).

Developing

Me

It freed parts of the former Soviet bloc to exchange goods with the rest of the world.

Supply and demand

That forest should be respectfully treated as the renewable resource that it is.

Answer this question…

Two groups were fighting over different beliefs.

A)access to effective education

(B) Ability to get quality health care

(D)Removal and appropriate treatment of waste

You’ve been watching the financial news and you’ve heard that the U.S. reports its GDP has risen in the fourth quarter. You have some vague idea that this means something about the economy but aren’t quite sure what it is. So what is the GDP? GDP is an acronym that stands for Gross Domestic Product. It is a figure that represents the monetary value of all end-use goods and services produced within a country for a period of time. End-use is a term that means the final product – a company’s sales of car parts it manufactures to Ford wouldn’t be included, but the sale of the end product, the car, is part of the calculation. So when you hear that the GDP is up for the fourth quarter that simply means that more goods or services were produced in this period. It is generally used as a way to take the pulse of the overall economy as a whole. It is calculated using the following formula: GDP = C + I + G + (X-M) Where: C = Consumption Stuff we buy. These are sometimes reported as sub-categories: durable goods, non-durable goods, and services. I = Investment No, this isn’t your 401(k). It is the total of business investment, i.e. when IBM builds a new plant or the Apple store adds to its inventory. It also includes the purchase of new-construction homes by private households. G = Government spending Everything from the building of the interstate highways to the purchase of M1A2 Abrams tanks that the government spends. These figures do not include so-called transfer payments such as social security or veterans’ benefits. (X-M) = Total Exports less Total Imports (aka Net Exports) Self-explanatory. GDP is often used to measure a country’s economic health. When it is taken into context with the population of the country it is known as GDP per capita. GDP per capita is calculated as GDP / population, and is often used as an informal gauge of standard of living within a country.