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Why is it important to have a system to convert from one currency to another?
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
Human capital is:
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
What are capital goods?
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
How does specialization assist the economies of all countries?
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
Many oil-rich countries cooperate with each other in the Organization of Petroleum Exporting Countries (OPEC). How does this help these countries play a major role in world affairs?
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
Saudi Arabia focuses great amounts of time and energy on the oil industry. This is an example of:
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
In the economy of Israel, it is easy to start a business. What impact does this have on the role of entrepreneurs in Israel?
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
Which of the following nations has few natural resources and arable land and has to import most of the resources and food that it needs?
Converting currency makes it possible to buy and sell goods between nations with different types of money.
They influence the price of oil on the world market.
specialization
Japan
the money spent to train and educate workers on how to use new technology
It encourages trade between countries.
the factories, machinery, and technology used to make other goods
Entrepreneurs can make significant contributions to the economy of Israel.
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