Secretary of State John hay was an advocate of "<span>A. an open door with China" (also known as an "open door policy" since by this time China had become a powerful economic force. </span>
In the 1890's, the main goal of those who supported United States imperialism was creating a market for trades and obtaining naval bases. During the period of the 1990's, the United States became a great industrial power. They needed to sell the goods manufactured in their factories. For this purpose they needed to find new market.
The correct answer is B.
When producers develop an absolute advantage, they are able to manufacture products or services more efficiently that the competitors. This means they are able to produce a larger quantity of output with the same amount of inputs than the competitors, or the same level of output with fewer inputs.
When a production process becomes more efficient, there is a <u>cost reduction and manufacturers are able to decrease the market prices of the products </u>and, in consequence, to increase their sales and profits. <u>Hence. due to the price reduction, competitiveness constitutes a benefit for consumers too, as they can purchase the same products at a cheaper price. </u>
Hey mate...
Ur answer is..
It was the first form of self-government in the colonies.
