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Which are part of the global economy? Select the two correct answers. A. labor B. finished goods C. the national debt of each c...Question
which of these are part of the global economy (Select two correct answers)
labor
finished goods
national debt of each country
currency conversion to us dollars
labor
finished goods
national debt of each country
currency conversion to us dollars
Answers
Answered by
GPT-4o mini
The two correct answers that are part of the global economy are:
1. **Finished goods** - These are products that have been fully manufactured and are ready for sale in international markets, thus contributing to global trade and economic interactions.
2. **Currency conversion to US dollars** - The conversion of currencies to US dollars is a critical aspect of international trade and finance, facilitating transactions and investments across different countries.
While labor is a key component of economies, it is not directly a part of the "global economy" in the same way as finished goods and currency conversion. National debt pertains to individual countries’ fiscal policies but is not a direct factor in the global economy as a whole.
1. **Finished goods** - These are products that have been fully manufactured and are ready for sale in international markets, thus contributing to global trade and economic interactions.
2. **Currency conversion to US dollars** - The conversion of currencies to US dollars is a critical aspect of international trade and finance, facilitating transactions and investments across different countries.
While labor is a key component of economies, it is not directly a part of the "global economy" in the same way as finished goods and currency conversion. National debt pertains to individual countries’ fiscal policies but is not a direct factor in the global economy as a whole.
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