The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The government of North Korea has military parades and citizens are expected to attend. What is the likely purpose of this activity?
The purpose of these parades is to show the North Korean citizens and the world, that North Korea is a powerful country, trying to send the message that nobody can mess with North Korea.
Let's have in mind that North Korea lives under the dictatorship of Kim Jong II, a powerful dictator that excessively controls North Korean citizens. These people have no liberties. They do not have access to the internet. The government controls everything, even mass media.
So with these parades, the government tries to convey the message that everything is all right, that the country is powerful and prosperous, although its people are very poor.
b. below the equilibrium price, causing a surplus.
c. above the equilibrium price, causing a surplus.
d. below the equilibrium price, causing a shortage.
Answer:
C. Above the equilibrium price, causing a surplus.
Explanation:
They can be said to be the government polices imposed that been used in the system of buying and selling to manipulate the market. A binding price ceiling is when the price ceiling that is set by the government is below the prevailing equilibrium price. For example, if the equilibrium price for rent was $100 per month and the government set the price ceiling of $80, then this would be called a binding price ceiling because it would force landlords to lower their price from $100 to $80.
Answer:
a. above the equilibrium price, causing a shortage.
Explanation:
A price floor is binding when it is set above the equilibrium price, causing a shortage.
A price floor is the lowest legal price that can be paid in a market for goods and services, labor, or financial capital. When a price floor is set, government purchase the excess product in the market so as to maintain the new price thus resulting in a shortage of the product.
Globalization has made formerly domestic markets outside of a country accessible to goods and services.
The term "globalization" refers to the increasing interdependence of the world's economies, populations, and cultures which is facilitated by the cross-border exchange of information as well as commodities and services.
Globalization occurs as a result of international trade between nations with various cultural traditions. Their international relations are strengthened as a result.
Positive connections between nations also help those nations' economies become more integrated through increased commerce and investment.
The process of globalization has contributed to an increase in international trade over time. As a result, there is now a broader selection of goods and services available for both customers and businesses.
As a result of globalization, worldwide corporate trade has increased.
This could present opportunities for outsourcing labor and commodities, as well as expanding a company's target market by selling goods to clients abroad. raising the number of inputs and exports for enterprises.
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