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anzhelika [568]
3 years ago
12

What has happened recently in the group of countries known as the "new

History
1 answer:
adoni [48]3 years ago
4 0

Answer:

B. There has been a dramatic increase in international trade.

Explanation:

Many developed countries often referred to as the 'new globalisers' have made tremendous progress in maintaining a good place in the world market for manufactured goods and services. The massive increase in manufacturing outsourcing has been an important determinant behind the rapid growth in many export industries of developing nations. Some important common characteristics of the economy of these nations include rapid labor productivity growth, significantly lower unit labor costs, high levels of capital investment, etc.

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Choose the statement that CORRECTLY explains Absolute Advantage or Comparative Advantage. A) Absolute Advantage is the ability o
Alexxandr [17]

<u><em>The correct answer is option E: </em></u>

The country of Rockonya makes 1 television every 5 hours and 1 car every 20 hours, while the country of Jamonia makes 1 television every 24 hours and 1 car every 12 hours. Rockonya has a Comparative Advantage in making televisions.

<em>A comparative advantage </em>of one country over another in the production of a certain good or service is a special facility with respect to a certain key aspect that the first country has more than the second. In this case, the characteristic to be compared is the greater productivity that Rockonya has in the manufacture of televisions.

<em>An absolute advantage</em> takes into account the quantification of a key aspect for the production of a certain good or service without establishing any comparison with another country.  

<em>In the example it would be:</em> Rockonya has a productivity of 1 TV per day.






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Which of the following is NOT a factor that helped to bring down the Roman Empire?
slamgirl [31]
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Summary of Angkor wat
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Explanation:

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