Answer:
Businessmen in the United States and Europe know Japanese industry as an important supplier, customer, and competitor. But they should also know it as a teacher. Three important sets of ideas we can learn from Japan are described in this article. They could have a far-reaching impact on the quality of our executive decision making, corporate planning, worker productivity, and management training.
Explanation:
Liberty bonds where war bonds. Sold in the United States, it became a symbol of patriotic duty and supported the Allies during World War I. To put it simply, people purchased the bonds from the government and the money went to the war effort.
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Answer:
The King and Parliament believed they had the right to tax the colonies. ... Many colonists felt that they should not pay these taxes, because they were passed in England by Parliament, not by their own colonial governments. They protested, saying that these taxes violated their rights as British citizens.
Explanation:
Comparative advantage.
The production of a good or performance of a skill for which a person is best suited is what is termed comparative advantage. Or, on a national level, the production of goods for which a nation's resources are best suited is comparative advantage.
Absolute advantage refers to one person (or one nation) having a consistent advantage over another in making a particular product efficiently and best.
