It deals with opportunity costs. Opportunity costs are not real costs, but rather the things that you had to give up in order to obtain something else. What you didn't obtain is considered to be an opportunity cost. A production possibility curve deals with this.
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Answer:
What position on international trade did President Wilson's Fourteen Points take?
OPTION 1: <em>There should be a reduction of trade barriers among nations.</em>
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The Fourteen Points (January 8, 1918) by the American President Woodrow Wilson aimed for peace negotiations between nations after the end of World War I, including the removal of their economic barriers. As he stated in the third point:
"The removal, so far as possible, of all economic barriers and the establishment of an equality of trade conditions among all the nations consenting to the peace and associating themselves for its maintenance."
Answer:
This statement is true.
Explanation:
Creativity is one's ability to <em>transform/ invent new ideas or concepts</em>, creating original solutions. A creative individual tends to be able to <em>perceive different patterns and connections</em> from what is usually common.
Novelty refers to an uncommon idea, not usually given by a lot of individuals. This is why one of the criteria people use to attribute creativity to something is novelty, because it is <em>out of the ordinary and new</em>. A way to "measure" creativity is by its value in creation.
This process is called cultural diffusion. When diffusion takes place, a cultural item (a cultural idea or a cultural practice) disseminates from its place of origin or creation to other places. An example of this practice is the way Americans have embraced Chinese or Mexican food, mostly as a result of the migration of people from those countries into the United States.
