If the world price is $1.00 per pound. Assuming the small-country model is applicable and no transportation costs, the United States will import copper.
<h3>What is import?</h3>
Import can be defined as the process of bringing in goods produce in another country into your own country so as to sale them in your own country.
Since the world price is $1.00 per pound and United states price is $1.20. If no transportation cost importing copper into United state will be the best choice as this will help to lower cost.
Therefore assuming the small-country model is applicable and no transportation costs, the United States will import copper.
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Answer:
The correct answer is D
Explanation:
Maximize utility means that when an consumer making a decision of purchase, then he/ she attempts to get the greatest or equal value possible from the amount of money invested to bought the product or service.
And consumers or buyers maximize their utility, for every single dollar they spend, the consumer spend on the item or product , which will yield or provide the greatest or equal marginal utility from per dollar of the expenditure.
Answer:
you are able to make better informed decisions
Explanation:
by being well informed on a product you are able to make decisions and see potential problems ahead of the actual problem
When the price level <u>rises rapidly </u>the inflation rate <u>increases</u>.
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
However, it can also be computed more precisely—for example, for specific products, like food, or for services, like school tuition.
In any situation, inflation refers to how much more expensive the pertinent collection of goods and/or services has grown over a predetermined time frame, most frequently a year.
Hence, option B is correct.
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Answer:
maybe dont spend money on stuff
Explanation:
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