Answer:
Emily's opportunity cost of producing 1 milkshake is 1 ice cream sundae.
Ben's opportunity cost of producing 1 milkshake is 0.5 ice cream sundae.
Explanation:
Both Emily and Ben own an ice cream parlor.
In an hour Emily can produce 40 milkshakes or 40 ice cream sundaes.
Emily's opportunity cost of producing a milkshake is
= 
= 
= 1 ice cream sundae
In an hour Ben can produce 20 milkshakes or 10 ice cream sundaes.
Ben's opportunity cost of producing a milkshake is
=
= 
= 0.5 ice cream sundae
We see that Ben has a lower opportunity cost of producing milkshake, so we can say that he has a comparative advantage in producing milkshake.
It is important because it helps us decide how to act in the future. If we understand their people, we can work with them and make intelligent deals with them. If we understand their history, we can make better choices with how to move forward, since we’ve seen how they act in different situations.
The correct answer is <em>D) American firms purchasing industrial equipment from German companies</em>.
The balance of trade is the difference between a nation's exports and imports in a given period. A nation is considered to have a trade surplus when its exports exceed its imports. On the other hand, it is considered to have a trade deficit when its imports exceed its exports.
The United States currently holds a trade deficit. In this case, the purchase of German equipment represents a contribution to the total imports of the United States. Therefore, there is a growth in the trade deficit of the country.
Answer:
b
Explanation:
many faced religious or political prosecution in their countries, and they fleed to the US to escape violence and war in their countries.
I'm assuming true? If there is something you get like a baby, some people cant have babies so that woman that does is considered lucky. That is why finding a four leaf clover is lucky because not everyone can find one.
