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What does the concept of a political economy refer to? production and trade and their relations to laws and government. Looking at economies around the world the primary sector is the largest in what type of nation? In a capitalist economic system justice amounts to what? In a socialist economic system justice amounts to what?
Globalization of the economy means that: a) a small number of businesses represent a huge share of global economic output. b)world regions specialize in one sector of economic activity. c)All of these responses are correct. d)more and more products pass through several nations.
Study with Quizlet and memorize flashcards containing terms like What portion of world trade occurs in merchandise and services, What is the relationship between trade and world output?, Describe the broad pattern of international trade and more.
d. The process of integrating governments, cultures, and financial markets through international trade into a single world market. What was the significance of NAFTA? a. It encouraged trade with North Korea, which had previously been embargoed. b. It allowed freer trade opportunities for the United States, Canada, and Mexico. c.
4 sty 2022 · Here is a new Quizlet revision activity covers the economics of globalisation. Closed economy: Economy operating without imports and exports. Comparative advantage: Relative cost advantage that one country or producer has over another.
28 mar 2022 · Social stratification is a system that... Ranks society members into categories. Which graphic concept best illustrates the concept of social stratification? Pyramid. The GNI PPP figure represents... The average annual income of a country's citizens.
Focuses on how poor countries have been wronged by richer nations. Dependency Theory. Frames global Stratification as a function of technological and cultural differences between nations. Modernization Theory. New technology like steam power and mechanization allowed countries to replace human labor with machines and increase productivity.
