31 Which of the following is a basic human need a Transporta

31. Which of the following is a basic human need? a. Transportation b. Healthcare c. Money for gas d. College level education e. Savings 32. Which of the following will shift the long-run aggregate supply curve to the right? a. Increase in the price level b. Increase in the natural rate of unemployment c. Decrease in per capita GDP d. Increase in the rate of economic growth e. Increase in the rate of inflation 33. In its most basic form, globalization has existed ever since: a the creation of the Intemet, which enables people to sell their products overseas b. the end of World War II. c. the creation of the International Monetary Fund (IMF), which establishes the rules for all countries to follow as they trade d. the fall of the Berlin wall which marked the end of communism and thus, the beginning of trulv global\" times e. primitive societies began to engage in trade 5 6 7 8 9 E R T YU

Solution

31) Basic human needs mean people can not survive without this. Healthcare is a basic need. So option b is correct.

32) Long run aggregate supply curve shifts to the right if supply increases permanently. Increase in the rate of economic growth means growth is increased continuously and permanently. So option d is correct.

33) Globalization has increased by the increase of exchange of knowledge, trade, and capital around the world driven by technological innovation like the invention of the internet. Option a is correct.

34) The European Union allows the international movement of workers. Option b is correct.

35) US dollar was the reserve currency under the gold exchange standard. Option a is correct.

36) Restriction on international trade means less import which increase the domestic prices so producers get benefit and consumers make a loss. Option c is correct.