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If a country does NOT invest in its human capital, how can it affect the country's gross domestic product?
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
A duty imposed on goods when they are moved across a political boundary. (a tax on an imported good)
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
What is used to fix the quantity of a particular good that foreign producers may bring into a country?
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
How does specialization encourage trade between countries in SW Asia?
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
What happens when the Organization of Petroleum Exporting Countries decides to reduce production of oil?
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
People who start businesses by using their own finances and ideas, while taking all the risk are called;
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
What is the relationship between investment in Human Capital (education and training) and GDP?
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
Why is it important for nations to have a system to convert from one currency to another?
Tariffs
Countries will trade domestic products for foreign products
Entrepreneurs
Oil prices increase.
Quotas
The better trained and educated a people are the higher the GDP will be.
GDP may go down because poorly trained workers will not be able to do their jobs well.
Converting to different currencies makes it possible to buy and sell goods between nations with different types of money.
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