Marco

Above is my employment structures assignment. 11/11/2009

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Questions to go with Chapters 21 and 22

Chapter 21 - Economic Growth

A.) No, the economic growth has simply slowed down. B.) G.D.P is the value of the output produced by an economy in a given time period. G.D.P is measured by counting up all the goods and services produced by said economy and multiplying the figure by the price that these goods and services were sold at. C.) D.) The reasons for the big changes in China’s economy are due to the expansion of manufacturing, investments, and demand.

Chapter 22 - Growth and Resource Use ​1.) (a) This affected industrial workers in Europe because they cannot compete with low-wage workers from developing countries (they would work for incredibly low prices; European workers would only work for more). (b) Consumers, however, had it easier than workers. This is because they can buy goods for less, given that the manufacturers don’t have to spend that much money in the actual production of the goods.

2.) (a) B (b) A (c) C (d) C

Extra Task: ​__Copenhagen Summit 2009__: The reunion agreed to continue with what was settled during the Kyoto Protocol. It basically underlines that climate change is one of the greatest challenges of our time and emphasises a "strong political will to urgently combat climate change in accordance with the principle of common but differentiated responsibilities and respective capabilities." Overall the outcome was both good and bad. __Good__: Recognises many issues regarding climate changes and global warming, as well as agreeing that developing nations would implement mitigating actions in order to reduce their carbon footprint as much as possible. __Bad__: Doesn't legally bind anybody to actually do what was agreed upon. Many nations complain that the outcomes weren't satisfactory, that the whole meeting was U.S-led, and that the mobilisation of 100 billion dollars per year to developing countries won't be fully in place until 2010.

__Cartoon__: The cartoon is simply saying that China's economy will soon surpass that of the U.S. This is because the cartoon tells the reader that the U.S economy can't hold on long enough to keep getting their oil, and that China's economy is getting stronger, to the point that it is time for them to best the U.S.