What Most Likely Caused The Steady Increase In Price? - Fixanswer

How did joining NAFTA affect the Mexican economy?

It had little effect on the economy. It caused the economy to decline. It stopped all economic downturns.

How does the Internet improved business communication worldwide?

How has the Internet improved business communication worldwide? …

It allows for instant communication

. It enables people to monitor economic trends. It makes it possible to buy and sell instantly.

Why were oil prices so high in 2008?

In June 2008 U.S. energy secretary Samuel Bodman said that

insufficient oil production

, not financial speculation, was driving rising crude prices. He said that oil production had not kept pace with growing demand.

What happens to oil during recession?

The 2008 financial crisis and the Great Recession that followed had a pronounced negative impact on the oil and gas sector as it led to a

steep decline in oil and gas prices and a contraction in credit

. The decline in prices resulted in falling revenues for oil and gas companies.

Which statement best describes how globalization is affecting the world?

The correct answer is letter B:

The world is becoming more globalized and connected

. Due to modern means of communication and transportation, the world is unified. Some researchers believe that globalization is a natural process by which technology advances.

Why do countries choose to outsource work quizlet?

Why do companies choose to outsource work?

a better standard of living

. The chart shows the percentage of population growth in different countries. Based on the chart and the information in the lesson, which nation can expect to experience the most social issues of a developing country?

What has increased the pace of globalization?

Developments in IT,

transport and communications

have accelerated the pace of globalisation over the past 40 years. The internet has enabled fast and 24/7 global communication, and the use of containerisation has enabled vast quantities of goods and commodities to be shipped across the world at extremely low cost.

How has NAFTA been good and bad for Canada?

NAFTA has

had an overwhelmingly positive effect on the Canadian economy

. It has opened up new export opportunities, acted as a stimulus to build internationally competitive businesses, and helped attract significant foreign investment.

What can be said about the future role for the US in the world economy?

What can be said about the future role for the U.S. in the world economy?

The U.S. needs to become more cognizant of and integrate into the economic success of other countries

. … Canada wanted to take advantage of the currency in the U.S.

What are the purposes of international economic organization?

International economic organizations are

set up to resolve various trade disputes among different countries

. Different economic organizations define strategies related to global trades and fair treatment. They also promote fair trade by making sure equal distribution of trade activities and fair services.

What is one of the advantages of globalization?

Globalization

allows companies to find lower-cost ways to produce their products

. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.

How can businesses best take advantage of globalization?

Businesses can best take advantage of globalization to

reduce their cost of production and the cost of hiring laborers

.

Which of the following ways has the green revolution been Unfriendedly to the environment?

The Green Revolution has been unfriendly to the environment in by the

use of pesticides

.