Answer:
A. it is less expensive to make shirts there.
Explanation:
Lots of big companies from the United States decided to open facilities in countries that are less developed. The reason for that move is that it is much less expensive than in the United States. The materials are usually less expensive, the labor force demands much lesser wages and also works for more hours. This conditions give the company to significantly increase its profit, and most of the owners do not hesitate a lot to make this move in the era of globalization.
England indeed did believe that her colonists had duties and responsibilities as citizens of the British Empire. With that they wanted to build a sense of feeling to the British Empire while at the same time these people realized that they were only colonists.
Answer:Economic surplus in a market is the sum of PRODUCER surplus and CONSUMER surplus.
In a competitive market with many buyers and sellers and no government restriction,economic surplus is at MAXIMUM when the market is in EQUILIBRIUM.
PRODUCER surplus is the difference between the amount a producer willing to receive for the production of particular good and services and the actual amount received while consumer surplus is the difference between the price is willing to pay for a particular goods and services and the actual amount paid.
When price is the same as market equilibrium price in a competitive market,economic surplus will be at it's maximum level.
Explanation:
Answer:
B.Grants titles to nobility
Explanation:
