Under()the French Canadian farming economy of the St.Lawrence valley and its language,religion,and customs continued unchanged.
If banks ______ the number of credit cards, the economy would improve.
As an economy moves from a planned economy to a market economy ______.
We can conclude from the passage that Brazil’s economy ______.
The economy of the United states after 1952 was the econnomy of a well-fed,almost fully employed people. Despit occasional alarms, the country escaped any postwar depression and lived in a state of boom. A n economic survey of the year 1955, a typical year of the 1950’s, may be typical as illustrating the rapid economic growth of the decade. The national output was value at 10 percent above that of 1954 (1955 output was estimated at 392 billion dollars). The production of manufacturers was about 40 percent more than it had averaged in the years immediately following World War 2. The country’s business spent about 30billion dollars for new factories and machinery. National income available for spending was almost a third greater than it had been it had been in 1950. Consumers spent about 256 billion dollars; that is about 700 million dollars a day ,or about twenty-five million dollars every hour , all round the clock. Sixty-five million people held jobs and only a little more than two million wanted jobs but could not find them . Only agriculture complained that it was not sharing in the room. To some observers this was an ominous echo of the mid-1920’s . As farmer’s shre of their products declined , marketing costs rose. But there were , among the observers of the national economy, a few who were not as confident as the majority . Those few seemed to fear that the boom could not last and would eventually lead to the oppsite-depression. It can be inferred the national from the passage that most people in the United States in 1955 viewed the national economy with an air of ().
The agricultural economy as well as the fabric of society in the United States will be subject to change as a result of shifts in public values and needs.
The effect of governmental expenditures on the total economy varies with both the level of utilization of labor and capital in the economy at the time of the expenditure, and the segment of the economy which receives the expenditure. If the economy as a whole or the segment of the economy which is the focus of the expenditure is operating at capacity or close to capacity, then the expenditure’s major effects will tend to be inflationary, and will not generate much employment of capital and labor. If the economy or sector is operating at much less than full employment, the expenditure will produce a genuine (non-inflationary) rise in the GNP.
The world economy has run into a brick wall. Despite countless warnings in recent years about the need to address a looming hunger crisis in poor countries and a looming energy crisis worldwide, world leaders failed to think ahead. The result is a global food crisis. Wheat, corn and rice prices have more than doubled in the past two years, and oil prices have more than tripled since the start of 2004. These food-price increases combined with soaring energy costs will slow if not stop economic growth in many parts of the world and will even undermine political stability, as evidenced by the protest riots that have erupted in places like Haiti, Bangladesh and Burkina Faso. Practical solutions to these growing woes do exist, but we'll have to start thinking ahead and acting globally.
The crisis has its roots in four interlinked trends. The first is the chronically slow productivity of farmers in the poorest countries, caused by their inability to pay for seeds, fertilizers and irrigation. The second is the misguided policy in the U.S. and Europe of subsidizing diversion of food crops to produce biofuels like corn-based ethanol. The third is climate change: take the recent droughts in Australia and Europe, which cut the global production of grain in 2005 and 2006. The fourth is the growing global demand for food and feed grains brought on by swelling populations and incomes. In short, rising demand has hit a limited supply, with the poor taking the hardest blow.
So, what should be done? Here are three steps to ease the current Crisis and avert the potential for a globa1 disaster. The first is to scale-up the dramatic success of Malawi, a famine-prone country in southern Africa, which three years ago established a special fund to help its farmers get fertilizer and high-yield seeds. Malawi’s harvest doubled after just one year. An international fund based on the Malawi model would cost a mere $10 per person annually in the rich world, or $10 billion in all. Such a fund could fight hunger as effectively as the Global Fund to fight AIDS, TB and Malaria is controlling those diseases.
Second, the U.S. and Europe should abandon their policies to subsidizing the conversion of food into biofules. The U.S. government gives farmers a taxpayer-financed subsidy of 51 cents per gal of ethanol divert corn from the food and feed-grain supply. There maybe a case for biofuels produced on lands that do not produce foods—tree crops (like palm oil) , grasses and wood products—but there’s no case for doling out subsidies to put the world’s dinner into the gas tank. Third, we urgently need to weatherproof the world’s crops as soon and as effectively as possible. For a poor farmer, sometimes something as simple as a farm pond—which collects rainwater to be used for emergency irrigation in a dry spell—can make the difference between a bountiful crop and a famine. The world has already committed to establishing a Climate Adaptation Fund to help poor regions climate-proof vital economic activities such as food production and health care but has not yet acted upon the promise.
The Economy
Which of the following is true about the Japanese economy, according to the passage?