Consider this quote ldquothe cost of hiring a freight-liner, Ask an Expert

Economics

Consider this quote: “The cost of hiring a freight-liner (container ship) to carry products around the world has collapsed in recent months. If this is any guide for the global economy, the picture is looking stormy. The fundamental problem seems to be huge excess supply in the container shipping industry and some businesses are struggling to survive.”

a. What does the quote mean by “stormy”? [Consider a world circular flow diagram]

b. If the above is true, discuss how this could be represented in the Circular Flow diagram for the US?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721659

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