+0.75
The relationship is considered strong after 0.7
The nation that has the absolute advantage in peanuts is India.
<h3>How to solve for the absolute advantage of these countries</h3>
a. The country that has the absolute advantage in the pounds of peanuts is India. They are able to produce 10 million worth of the product.
b. This is in the attachment
c. From the calculated opportunity costs, India has been shown to have the comparative advantage in peanuts so they have to specialize here.
The US on the other hand has to specialize in pecans because they have the comparative advantage in it.
d) The PPC for each country is a diagram
e. ) The terms of trade would be a pound of peanut for a pound of pec an for the countries.
Based on this the US would produce 10 units for pecans. They would use 5 units and exchange the remaining 5 units of pecans for 5 units of peanuts from India.
India is also going to do likewise.
Read more on production possibility curve here:
brainly.com/question/2601596
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Expectations not exceptions
Answer:
The process of industrialization is known as the revolution because it brings new industries and development in a quick session, and also opens up the gate for the other countries to do partnership with the specific country.
Many educated people will get new job opportunities with this industrialization, but it has adverse effects on the un-educated people as it reduces the human-work and makes them go jobless.
Explanation:
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