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- According to Huang, China's superior growth relative to India in the 1990s and 2000s can best be explained by China's advantages in (select all that apply) A- health B- education C- egalitarian norms D- infrastructure14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) CommunismIs there any relationship between the culture of a given country and the extent to which it will likely have a dynamic, growing economy? Are there cultures that would be more likely to limit economic growth and even result in poverty? Defend your answer.
- Explain The background of South korea in terms of: 1.History 2. Geography 3.demography 4.Economy 5.political environmentNow consider the political, economic, and legal systems of China, India,and Brazil. Explain why you think one country might be more hospitableto Moots than the others.Socialists are fond of saying that socialism has never failed because it has never been tried. But in truth, socialism has failed in every country in which it has been tried, from the Soviet Union beginning a century ago to three modern countries that tried but ultimately rejected socialism—Israel, India, and the United Kingdom. While there were major political differences between the totalitarian rule of the Soviets and the democratic politics of Israel, India, and the U.K., all three of the latter countries adhered to socialist principles, nationalizing their major industries and placing economic decisionmaking in the hands of the government. The Soviet failure has been well documented by historians. In 1985, General Secretary Mikhail Gorbachev took command of a bankrupt disintegrating empire. After 70 years of Marxism, Soviet farms were unable to feed the people, factories failed to meet their quotas, people lined up for blocks in Moscow and other cities to buy bread and other…
- As freedom increases, the gdp of that nation increases. Why does this relationship exists or is this just an anomaly ?Kate Remind me what do we call a philosophy that encourages a government to increase its stock of gold by discouraging imports and encouraging exports? Theory of absolute advantage Theory of comparative advantage Mercantilist theory Hecksher-Ohlin theory5) Which of the following is MOST true of product availability in a communist system? A) Consumers have a wide choice of goods. B) Consumers have a limited choice of goods. C) Consumers have a limited choice of goods and services. 5) D) Consumers have a limited choice of services. E) Consumers have a wide choice of services.
- The economic development in Central America and the Caribbean countries has suffered from problems mentioned below: a, substandard educational system b. Prolonged U.S military intervention c. exports were affected due to weak currency d. rich middle class e. Poverty“Society is adjusting to a ‘new normal’. Amid efforts by government and the medical sector to mitigate the health impact of the COVID‐19 (Coronavirus) pandemic, many commercial enterprises are having to fundamentally alter how they do business, as the economic effects of the Coronavirus continue to manifest. It is therefore pertinent to have an understanding of thecurrent economic landscape in South Africa, and what might be done to minimise financial damage and reduce insolvency risks during this uncertain time.”In light of the above quote, discuss cost reduction and revenue increase as two of the four advantages of operations Management available to South African commercial enterprises.Using Dubai aa an example, do you believe that cultural similarities among people can outweigh cultural differences that exist in terms of doing business together in the future?