This topic contains a solution. Click here to go to the answer

Author Question: Why is it important to understand how North America's political economy functions as compared to ... (Read 169 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
Why is it important to understand how North America's political economy functions as compared to understanding its basic economic patterns?
 
  What will be an ideal response?

Question 2

What is basic and nonbasic employment, and why are both of these important to the local economies of communities in North America?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

North America's political economy includes the links between North America's economy and politics. Economic patterns and linkages have a major impact on political dynamics and relationships between regions in North America and North America's political relations to the rest of the world.

Answer to Question 2

Basic employment is employment in the industry or industries that a region uses to generate trade and income from elsewhere. Nonbasic employment is employment that provides goods and services to the local economy. Nonbasic employment is generated by basic employment. When a city or town experiences growth in a basic industry, the growth in basic employment results in growth in nonbasic employment (for example, teachers, doctors, and jobs in retail).





 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

For a complete list of videos, visit our video library