Uncertainty surrounded Lincoln's inauguration. ... Despite Lincoln's reassurances, southerners were not convinced. Many believed that slavery could not be protected in the current Union regardless of who was in charge. States that had already seceded continued to encourage border states to join their new nation.
Answer:
Laura's lawsuit against Bolivia will most likely not prevail because of the Act of state doctrine.
Explanation:
According to this Act, a sovereign state (United States) must respect the independence of any other sovereign state (Bolivia) and, as a result, all the laws and regulations that such sovereign state sets forth. If no US dollars are allowed to enter Bolivia, US citizens traveling to such country have to change US dollars for "Bolivianos", which is the currency used in Bolivia.
In addition, a court (a US court in this case) is not entitled to hear a case where a foreign issue is involved (the fact of exchanging foreign currency). This case cannot be heard nor decided by a US court because that would interfere with the US foreign policy (with Bolivia in this case).
Answer:
A producer who has a <u>"comparative advantage"</u> experiences less cost when producing that good when compared with another producer.
Explanation:
When a producer is able to produce goods at a lower opportunity cost than the cost of other producers or partners of trade, than the term which is used in economics for this is comparative advantage. When you sell goods at lower cost than the others, it’s obvious that you will get stronger sale margins because everyone will buy your products.
