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Aneli [31]
3 years ago
6

The production of goods by trained workers was necessary for trade to increase true or false

Social Studies
1 answer:
IgorLugansk [536]3 years ago
7 0
True. Production refers to the supply in the Supply-Demand Law of Economics. In order for goods to be trades easily, production must be continuous, therefore trained workers are crucial to determine the rate of how economy will flow in a particular region.
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2 years ago
What is the opportunity cost for the Congo to produce diamonds?
Assoli18 [71]

The opportunity cost for the Congo to produce additional diamonds is <u>C. 4 thousand units of corn</u>.

<h3>What are opportunity costs?</h3>

Opportunity costs are the benefits of an alternative decision when the decision maker rejects the alternative.

For instance, the opportunity cost of going to college is the earnings forgone.

The opportunity cost is computed as the lost benefit when an alternative decision is not pursued.

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<h3>Data and Calculations:</h3>

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