Answer:
.a. import sweaters from Britain and export machinery to Britain.
Explanation:
A lower opportunity cost of manufacturing a particular goods means that a country uses fewer inputs in production compared to other nations. The country can produce more quantities of the product using similar factors of production. A lower opportunity cost in manufacturing will make a country's output cheaper compared to when that product is manufactured in other nations.
Varying production costs form the basis of international trade. A County imports commodities that are produced cheaply elsewhere and exports the goods it can manufacture at a lower cost. The united states can produce machinery at a lower cost than Britain. Britain will be prudent to import machinery from the united states rather than produce. Britain produces sweaters using fewer inputs that the US. The US will find importing sweaters from Britain more economical compared to manufacturing.
It would probably be best to choose online banking and only use her local bank when necessary.
Answer:
<em>earn</em><em> </em><em>.</em><em> </em>
<em> </em><em> </em><em> </em><em> </em><em> </em>
<em>He</em><em> </em><em>is</em><em> </em><em>not</em><em> </em><em>a</em><em> </em><em>skilled </em><em>worker</em><em>.</em><em> </em><em>He</em><em> </em><em>doesn't </em><em>earn</em><em> </em><em>much</em><em>.</em>
Answer: There will be a surplus at the increased price.
Explanation: Acc. to the law of demand as the price of a good rises the quantity demanded for the good will fall. This is represented by a movement up along the demand curve.
Acc. to the law of supply as price of a good rises the sellers will supply more units of the good. This is represented by a movement up along the supply curve.
At the increased price, there will be a surplus in the market given by Q's - Q'd.
Eventually, the surplus will lead to a fall in the price of pants till demand for the good is equal to its supply.
Answer:
Visualize and organize your thoughts.
Explanation:
