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.
Answer:
A. arbitration.
Explanation:
Arbitration refers to the private process in which a conflict is brought before one or more arbitrators who make a final decision on it, by consent of the parties. The parties rather than going to court, agree for an alternate dispute settlement method when selecting arbitration. the condition of the arbitration requires both parties to agree to it and select the arbitrator with mutual consent. As per the question, Joe and Stan agreed to involve a third party to settle their difference is an example of arbitration.
Answer:
Atlantic Ocean; Europe or Africa
Explanation:
The Atlantic ocean is the second largest ocean in the world after the Pacific ocean. It lies between the American continents and Africa and Europe.
Now the Atlantic ocean lies to the east of United States of America. If a person sails from the United States of America by ship he or she would have to cross Atlantic Ocean.
And after crossing Atlantic ocean, the person will reach either Africa or Europe because both lies to the east of North America.
Therefore the answer is --
Atlantic Ocean; Europe or Africa
Answer:
C.
Explanation:
Using more wood= Deforestation and other environmental problems
Answer:
Shays’ Rebellion was a series of armed protests staged in 1786 by farmers in western Massachusetts against repressive debt and property tax collection practices. The farmers were aggrieved by excessive Massachusetts property taxes and penalties ranging from the foreclosure of their farms to lengthy prison terms.
Explanation:
