In this case, any value given up by not choosing to
<span> spend or save the money is the "opportunity cost", because the money </span>could be spent elsewhere. "trade offs" and opportunity costs are very similar though in economics.
Answer:
They needed natural resources from other countries.
Explanation:
Factory owners in the advanced economies required natural resources from other countries. Coal, iron, gold, silver, tin, copper, rubber, and cotton were essential to keep the factories operating. They could be taken from colonies. These same countries required markets for their manufactured products.
The correct answer is: " a small factory with unsafe working conditions"
Sweatshop is a term used to define a working place where people are forced to work under conditions which are considered unacceptable from a social viewpoint. Such work might be either dangerous, difficult, underpaid or done under extreme climatological conditions, for example. Workers might be working long hours for little money inside, or even children can be employed.
Answer:
China’s debt problems have emerged so much more rapidly and severely this year than in the past that a growing number of analysts believe that this may be the year that China’s economy breaks. There is no question that China will have a difficult adjustment, but it is likely to take the form of a long process rather than a sudden crisis
