I belive both are... I am taking the class now...
The nation that has the absolute advantage in peanuts is India.
<h3>How to solve for the absolute advantage of these countries</h3>
a. The country that has the absolute advantage in the pounds of peanuts is India. They are able to produce 10 million worth of the product.
b. This is in the attachment
c. From the calculated opportunity costs, India has been shown to have the comparative advantage in peanuts so they have to specialize here.
The US on the other hand has to specialize in pecans because they have the comparative advantage in it.
d) The PPC for each country is a diagram
e. ) The terms of trade would be a pound of peanut for a pound of pec an for the countries.
Based on this the US would produce 10 units for pecans. They would use 5 units and exchange the remaining 5 units of pecans for 5 units of peanuts from India.
India is also going to do likewise.
Read more on production possibility curve here:
brainly.com/question/2601596
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Answer:
It is important because it's the difference between giving and recieving.
Explanation:
The definition of refugees is "people fleeing conflict or persecution". The definition of economic migrants is "movement of people from one country to another to benefit from greater economic opportunities in the receiving country". The United States, Canada, and European countries turn refugees away because they are fleeing conflict, could potentially bring that conflict or cause conflict to the new place, and don't give back in a major way once they are granted permission to stay. Whereas, economic migrants are, mostly, not fleeing conflict so the place wouldn't have to fear foreign affairs and consequences, as well as the fact that the migrants will, in some way, give back to them in a way that benefits the place in multiple ways or a major way (such as giving back in the form of exceptional work or labor). This is why they have policies that distinguish between refugees and economic migrants - they want to invite in the people that will benefit them whilst keeping those who won't benefit them out.
Answer:
my day is just starting but its going good so far thanks me asking
Explanation:
