How can the presence or absence of natural resources and arable land affect a nation’s economy?

1 answer:

4 0

The economy is strong if the country exports a lot: it then gets money from other countries. If a country has natural resources (think: diamonds for example!), it will be rich and have a strong economy.

The economy is weak if the country has to import stuff and spend money on it! especially if it's the necessary things: the country has no choice but to import food if they can't produce it, for this reason for example the food items in the north of Canada are every expensive.

Generally, exporting is good for economy and importing bad for it.

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major cause of increase population in the town is short and long distance trade

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2 years ago

Sue views hot dogs and hot dog buns as perfect complements in her consumption, and the corners of her indifference curves follow

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Answer:

6 packages of hot dogs and 6 packages of buns

Explanation:

The indifference curves follow the 45-degree so the ratio for the hot dog:bun will be 1:1. Each package of hot dog gives 8 hot dogs while each package of the bun gives 8 hot dog buns. The ratio of hot dog package: buns package that Sue needs will be:

(number of hot dogs every package)/ (number of buns every package) * (ratio of hot dog : bun)

8/8 * 1/1= 1

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