Which of the following countries is the most short-term oriented? Bulgaria O Estonia O Vietnam South Africa
Q: Brazil Poland Wine 10 20 Machines 10 10 The accompanying table gives maximum-output alternatives for…
A: Opportunity cost is the next best alternative.Opportunity cost shows the forgone units of one good…
Q: How do the tools of colonization affect business relationships?
A: Colonization refers to the situation when a country is captured by another country and ruled the…
Q: How does diversification match up with specialization
A: Meaning of Specialization: The comparative advantage under specialization is because it is vital…
Q: if nation X produces coeffe at a higher opportunity cost then nation Y?
A: Opportunity cost refers to the given up benefit in the process of gain some other benefit.…
Q: Pairs of Red Socks per Pairs of White Socks per Worker per Hour Worker per Hour Boston 3 3 Chicago 2…
A: Opportunity cost is the cost of an alternative when other alternative is chosen. Opportunity cost =…
Q: What would a country profile for Columbia include, specifically looking at: Size, Climate,…
A: South America's economy encompasses farming, mineral extraction, and producing goods, and services.…
Q: Week 11 Homework You must submit your assignments as a Microsoft Word document. Microsoft Word is…
A: Comparative advantage:- The ability of a country to produce goods at lower opportunity cost than…
Q: Being that Japan is a mountanous island, what do they focus on?
A: Jap is a mountainous island which means that the geography of Jap is mountainous. There are numerous…
Q: How does specialisation benefit the economy?
A: Specialization means getting expertise in doing some work. When a particular person does same kind…
Q: How do two countries benefit from trading with each other?
A: Countries generally do trade with other countries when they have a lack of resources, to satisfy and…
Q: How does free trade enhance global efficiency?
A: Free Trade Answer: Free trade represents a situation where different countries in the world can…
Q: Technology has increased trade? True or False
A: Technology has affected the world in a very much positive way.
Q: what way did world economic patterns and growth change as Latin America became more integrated into…
A: The global economy, often known as the world economy, is the total of all activities that take place…
Q: What is splitting up the value chain?
A: The value chain refers to the process of the production of goods. The value chain as the name…
Q: how did westward expansion connect to industrialization ?
A: Answer- The westhword expansion happened during the early 19th century . With cities of East were…
Q: Policies that restrict free trade among nations are?
A: Major trade restriction policies are;Import quotasTariffsSubsidies
Q: Who does protectionism protect? From what does it protect them?
A: International trade brings out a positive impact on the economies as they help in growing the…
Q: If a country produces more food and electronics than another country does it have a comparative…
A: Theory of comparative advantage was given by David Ricardo. According to David Ricardo gains from…
Q: What is protection and free trade
A: Protection and free trade are two contrasting strategies to international change and financial…
Q: Use the following information to answer the next question. The following items describe the…
A: Discouraged unemployment occurs when a person fails to find suitable job after searching for it,…
Q: How does free trade influence the comparative advantage between countries?
A: Comparative advantage is an economic theory that explains how countries can produce a particular…
Q: In which sector (s) or industries does United States specialises in?
A: US generally specialize in broad number of sectors which are as follows
Q: Which colony was NOT established as an economic venture? Answers A.Virginia B.New France C.New…
A: An economic venture is a kind of business endeavour in which the result of the company is…
Q: To determineThe ability of a country to produce a commodity with fewer resources.
A: Efficiency refers to the ability to reduce the wastage of resources, time, energy, and money.…
Q: How does specialization increase production?
A: Specialization refers to the process of concentrating in a single process which enables the…
Q: What does Globalizing Trade means?
A: The nations get involved in various activities, which contributes to the economic well being of the…
Q: Why does australia have a comparative advantage in producing wheat?
A: Comparative Advantage:- The capability to manufacture commodities and services with a reduced…
Q: How can economic nationalism help our country
A: Economy: An economy is a territory of the creation, conveyance and exchange, just as utilization of…
Q: How does specialization and trade benefit both individuals and nations?
A: Specialization and trade are major financial ideas that portray how individuals and nations center…
Q: 1. In Italy, an automobile can be produced by 8 workers in one day and a washing machine by 3…
A: Absolute advantage implies or refers to the superior production capabilities in an economy which is…
Q: How can you say that a country participates in the global market?
A: A global market is one in which one country's goods and services are traded (bought or sold) to…
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