Answer:
Norway
Explanation:
UK and Norway are producing two goods: Oil and shoes
UK's opportunity cost of producing 1 unit of oil = 2 pairs of shoes
Norway's opportunity cost of producing 1 unit of oil = 1/2 pair of shoes
Therefore,
Once trade is allowed among the trading nations, then a nation is exporting a commodity in which it has a comparative advantage and importing a commodity in which it has a comparative disadvantage.
Norway has a comparative advantage in producing oil because it has a lower opportunity of producing oil as compared to UK.
Hence,
Norway should produce oil.
Answer:
D perfrom market testing on each product idea
Answer:
No its false
Explanation:
Because City E is far away than the other cities
Answer:
D.
Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
Explanation:
I just took the test and got it right