asked 185k views
3 votes
How to patterns of work and economic activity in New Mexico support the U.S. economy and vice versa?

Which is NOT an example of trade?


Our (New Mexico's) free enterprise system directly impacts decisions at all of the following levels of government except:

What does tourism in New Mexico do for the state economy?

Which resource does New Mexico NOT have enough of to meet our needs?

2 Answers

3 votes
New Mexico's patterns of work and economic activity support the U.S. economy by contributing to industries such as oil and gas, mining, and agriculture. In turn, the U.S. economy supports New Mexico through trade, providing goods and services to the state.

An example of trade would be importing and exporting goods between countries.

New Mexico's free enterprise system directly impacts decisions at all levels of government.

Tourism in New Mexico brings in revenue and creates jobs, supporting the state economy.

New Mexico does not have enough water to meet its needs.
answered
User Kmanzana
by
7.3k points
6 votes

Answer:

"How do patterns of work and economic activity in New Mexico support the U.S. economy and vice versa? Which is NOT an example of trade?"

The patterns of work and economic activity in New Mexico support the U.S. economy in several ways. For example, New Mexico is a major producer of oil and gas, which are important sources of energy for the U.S. economy as a whole.

Additionally, New Mexico has a significant tourism industry, with many visitors coming to the state to explore its natural beauty and cultural attractions. This generates revenue and creates jobs not just in New Mexico, but also in the broader U.S. economy.

On the other hand, the U.S. economy supports New Mexico's economic activity through factors such as federal funding and access to national markets. For example, the federal government is a major employer in New Mexico, with many jobs tied to military bases, national parks, and other federal facilities.

Trade is also an important component of the economic relationship between New Mexico and the rest of the U.S. For example, New Mexico exports goods such as electrical machinery, aircraft parts, and processed foods to other states. In turn, New Mexico imports a variety of goods from other states, including petroleum, motor vehicles, and machinery.

However, not all economic activity in New Mexico involves trade. For example, the state also has a significant healthcare industry, with hospitals and medical facilities providing services to local residents. This is an example of an economic activity that does not involve trade.

So, to answer the second part of the question, healthcare is NOT an example of trade.

answered
User Angalic
by
8.7k points
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