Before the states became states they were called colonies. The reason why they were called colonies was because that they were all colonies of Great Britain. They began being called states in July 1776.
What? What’s your question?
Answer:
The answer is A. Country X will have higher growth potential than country Y.
Explanation:
Due to the increased competition in country X the introduction of new technologies by the competing service providers will lead to a higher grwoth potential.
Let's look at the meaning of the four terms:
opportunity cost - this is a cost of an option not chosen, upon the choise of some option.
surplus - this is a situation where more goods are offered than are needed
<span>shortage - t</span><span>his is a situation where less goods are offered than are needed
price fixing
- this is an agreement between competitors to not lower a prize for a certain product.
So the correct answer is surplus!
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