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Globalization _________ nations
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
Why is entrepreneurship important to a country's economy?
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
What is the best indication that a country's standard of living is improving?
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
The literacy rate in Haiti is 61%. However the literacy rate in all of Latin America is 90%. What statement best reflects these factors of economic growth in Haiti?
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
Physical capital is always
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
What is the purpose of a tariff?
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
How does specialization encourage trade between two countries?
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
What type of economy does Cuba have?
Specialization allows for countries to master one product and sell it to other countries that may need it.
Haiti's low investment in human capital lowers the GDP.
man made
improve schools
command
increase prices of imported goods and protect a country's own industries from foreign competition
higher literacy rates
links
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