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Why is a system of currency exchange necessary for international trade?
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
Which of these BEST describes the development of technology in India?
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
How does specialization allow for a higher standard of living?
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
Which statistic would BEST explain China's ability to improve its economy so much for such a long period of time?
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
Though it has an extremely low per capita GDP of $1900, it spends the majority of its budget on military and defense. What nation is described by these statements?
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
Countries around the world specialize production, and trade with other countries based upon
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
PER CAPITA GDP: India: $2,563 China: $5,325 Japan: $34,296 Based on the relationship between literacy rates and per capita GDP, which nation has the LOWEST literacy rate among its citizens?
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
South Korea is a developed country. Which of these is a characteristic of a developed country?
Most people have access to medical care.
There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism
People can trade for those items they don't produce themselves.
mandatory levels of education and a 91% literacy rate
Technology-based businesses are hugely successful in parts of India.
North Korea
India
the comparative advantage in production.
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