Answer:
Some of the gains from trade shift to Portugal.
Explanation:
The law of comparative advantage describes how agents produces more of and consumes less of a good for which they have a comparative advantage in. Agents have a comparative advantage if they produce a good at a lower marginal cost prior to trade. Contrary to it, agent has an absolute advantage if they produce a good more productively, or more quantity of goods for a less amount of resources.
In this example, if the price of doormat increases to 5 hats per doormat, Spain will have to produce hats to get 1 doormat. Contrary to it, Portugal will get more hats for producing the same amount of doormats as before.
So, to conclude, Portugal will gain from this trade.
Korean War, 1950
U2 Crisis, may 1960
Bay of Pigs, 1961
Marshall Plan and Truman Doctrine,1947
Cuban Missile Crisis, 1962
Answer:
2) "Multiple drugs are necessary because the bacteria are likely to develop resistance to just one drug."
Explanation:
Tuberculosis is caused by multiple bacteria, and these bacteria can easily develop resistance if only one antibiotic is used. Current medical research recommends the usage of several antibotics in the treatment of Tuberculosis for these same reasons.
Answer:
Mixed economic systems are not laissez-faire systems, because the government is involved in planning the use of some resources and can exert control over businesses in the private sector. Governments may seek to redistribute wealth by taxing the private sector, and using funds from taxes to promote social objectives
