Responses
.
To control the global money supply
To control the global money supply
To increase trade barriers
To increase trade barriers
To manage price stability and currency risk
To manage price stability and currency risk
To create a universal method for accurate currency exchange
To create a universal method for accurate currency exchange
Question 2
Because countries cannot produce all of the goods/services that it needs, they must(1 point)
Responses
Reduce the need for imports
Reduce the need for imports
Specialize and trade on a global scale
Specialize and trade on a global scale
Eliminate consumption of scarce goods.
Eliminate consumption of scarce goods.
Increase domestic production costs
Increase domestic production costs
Question 3
Which country in Southeast Asia has a higher GDP than the United States due to its specialization in the financial services sector?(1 point)
Responses
Vietnam
Vietnam
Thailand
Thailand
Malaysia
Malaysia
Singapore
Singapore
Skip to navigation
3 answers
Here are the answers to your questions:
Question 1: Why is a system for exchanging currencies necessary for international trade?
Question 2: Because countries cannot produce all of the goods/services that it needs, they must:
Question 3: Which country in Southeast Asia has a higher GDP than the United States due to its specialization in the financial services sector?
To find the quotient of \(\frac{9}{10}\) and \(\frac{2}{3}\), you can divide \(\frac{9}{10}\) by \(\frac{2}{3}\). Dividing by a fraction is the same as multiplying by its reciprocal.
So, the calculation is:
\[ \frac{9}{10} \div \frac{2}{3} = \frac{9}{10} \times \frac{3}{2} \]
Now multiply the numerators and the denominators:
\[ = \frac{9 \times 3}{10 \times 2} = \frac{27}{20} \]
Thus, the answer is:
