Answer:
Explanation:
Taking Country B as a comparison to the United States,
Country B -
1 barrel of oil = 7 hrs
1 ton of coal = 3 hrs
U.S. -
1 barrel of oil = 4 hrs
1 ton of coal = 5 hrs
Country B has the comparative advantage in coal production over US because it takes less time to produce 1 ton of coal. The opposite is true for oil production as US takes less time for 1 barrel of oil.
Availability and use of a natural resource give a country an advantage over another that does not. It takes less time with easily accessible national resource to produce something; such as oil and coal.
The discussion was caused by <span>Congress passing a protective tariff on imported goods.
The protective tariff was created in order to protect local produced goods so they can compete with the price of british goods. This protective tariff eventually led to the economic growth period that known as the Antebellum period in the south.</span>
Actions by the federal reserve system to expand or contract the money supply
what are the multiple choice options to the question?
