Answer:
- production of X good
- increase
Explanation:
Production of good X over production of good Y (PX / PY) represents the opportunity cost of producing good X instead of good Y. The lower the ratio, the lower the opportunity cost. A lower opportunity cost results in a comparative advantage in the production of good X.
If the country starts to trade it will need to produce more of good X in order to exchange for other goods.
Answer:
The answer is Option B) Irene likely uses <u>Technical Reasoning</u> at the <u>Use first</u> level
Explanation:
Technical reasoning is defined as an aptitude, ingenuity, and affliction for solving practical problems through experience.
The person who uses the Technical pattern on a Use First basis seeks to problem-solve, build or do things hands on to experience what is going on.
Technical Reasoning refers to the pattern which describes the way we seek relevant real world experiences and practical answers. This pattern is the pattern of the fewest words
On their classified balance sheet, Mason Corporation would classify this land as <u>"a long term investment".</u>
A long-term investment refers to an account on the asset side of an organization's monetary record that speaks to the organization's speculations, including stocks, bonds, land and money, that it expects to hold for over a year. The long-term investment account varies to a great extent from the short-term investment in that the transient speculations will no doubt be sold, while the long haul speculations may never be sold.
