I'm gonna have to say A. I'm not sure though. Hope this helps! Have a good day!
Answer: Fisheries and shipbuilding.
Explanation:
With the Puritan formation of the colony, New England came to a rapid economic expansion. According to a large number of historians, the area has experienced the greatest economic expansion. The Puritans produced a lot of food, clothing, even their furniture. The trade was very developed; they traded with Europe, India, and the native tribes. The area of New England was very rich. The industry that developed the most overtime was fishing. Since fishing is close to shipbuilding, shipbuilding has also developed. The Puritans exported huge quantities of goods to Europe, and over time, the ports of New England were flooded with ships because the region became one of the largest ports for ships of that time.
Answer:
Absolute advantage: The ability to produce more cheaply.
Comparative advantage: The existence of lower opportunity costs than competitors.
Specialization: The performance of a particular task within an economic system.
Protectionism: The existence of barriers to free-flowing trade.
Explanation:
The four terms that are defined above have to do with trade and the economic theories behind the different trade policies that countries employ. Protectionism is employed when countries want to avoid trade with outside countries and to lower competition with outside countries. Therefore, a country may impose tariffs that make importing goods very expensive. A country will have an absolute advantage in a product if they can make it much cheaper than another country. For example, timber products in Canada will cost less because they have an abundance of forests compared to other countries. A country may have an absolute advantage in one industry but that still may not be its comparative advantage. The country will have to weigh the trading opportunity costs are. Say that one country has no farmland but it has lots of oil. The other country has farmland and oil, but is willing to forgo trading oil in order to trade food for oil with the other country because the opportunity costs for forgoing oil are lower. Now the second country has a comparative advantage in food and the first country has a comparative advantage in oil. David Ricardo believed that comparative advantage would lead to specialization as in countries would specialize in the products they have a comparative advantage in.
The government will control or cap the education fee to 0.5% increase from the previous year and the total fee can not be more than $ 10000.The government will give a subsidy of 25% to colleges to bear the cost of education and maintain a very high standard in education as USA has always done.
This Education policy will allow an average American to follow his dream to pursue higher education.We are fully confident that this policy will allow USA to have a new pool of talent to push the innovation required in the 21st Century.
USA has many problems to counter taking help from fresh batches of graduates.NASA & Artificial Intelligence ( AI) is one such tool where we want to excel in the world.AI will help in the field of health of Americans. AI can be a tool to modernise our military to be the best in the world as always.
Robotics is another field where Americans want to excel with the help of best education which we provide.Robotics will help us automate our industries & to increase our industrial output so that we too can decrease our product cost like China and compete with China in Export Industry in the world.
Digitisation and automation is another field where we want to excel too with the help of top education system in the world.5G is another thing which we want to start as early as in 2019 and be at the top of the world.High internet speed will solve many of our problems which we face today eg.a surgery can be done with the help of a normal surgeon in a remote place with the help of 5G & a top doctor sitting in New York & instructing personally using Hologram ( using 5G technology) .
