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- Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.What is the impact of globalization on how people communicate? Is this something positiveor negative?"Globalization also involves the spread of ideas." explain and site examples. "Globalization relies on media as its main conduit for the spread ofglobal culture and ideas." explain and site examples.
- were the answer Globalization and the Asia Pacific and South Asia 1,2,3 numkber? please kindly arrange it !Consider the following Ricardian model with 2 countries and 2 goods. The table below provides information on the size of countries' labor force and their productivity in producing each good. India China 60 Labor Supply 350 workers workers Juice 3 workers 7 workers Tea 2 workers 5 workers Suppose Indian workers become three times more productive in producing juice. Does the pattern of trade change? Why and why not? Edit View Insert Format Tools Table 12pt v Paragraph v B IWhat do we mean by economic globalization? What are the actors that facilitate economic globalization?