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Misha Larkins [42]
3 years ago
11

The opportunity cost of producing a pair of pants in the USA is 5 bushels of wheat, while in China, it is 2 bushels of wheat. As

a result:
Business
1 answer:
alisha [4.7K]3 years ago
4 0

Answer:

Explanation:

As a result of these statistics there can be mutual gains from trade to the two countries if the USA exports wheat to China in exchange for pants. That is because USA is able to produce wheat at a much more efficient pace than China can, but at the same time China can produce pants at a much more efficient pace than the USA. Therefore by trading with one another they can focus on producing what each are most efficient in and trading what they are not, thus saving money.

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Suppose that the price of a good decreased. The substitution effect shows the change in consumption for all goods in reaction to
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Answer:

The correct answer is "relative prices; utility". A further explanation is provided below.

Explanation:

  • The conditions of a connection or bond between variables customer demand or perhaps the proportion of such a given cost of production to the normal distribution of so many other products available throughout the marketplace.
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Thus the above is the correct answer.

4 0
3 years ago
The process of providing focus for employees and motivating them to achieve organizational gool's. Select one a. Effective b. Di
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directing

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5 0
3 years ago
Sharon spent the weekend with her friend amelia. amelia proposed a plan for shoplifting cd's from a local music store. sharon wa
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8 0
4 years ago
Bob holds a portfolio of 20 stocks from different industries, whereas Sharon holds only one stock in her portfolio. Assuming the
nikdorinn [45]

Answer:

The correct answer is: C. larger decrease in total risk.

Explanation:

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3 years ago
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Answer:

The correct answer is innovative.

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