Answer:
C
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
By choosing to produce one pound of butter, Alpha is forgoing the opportunity to produce one more pound of cheese
Opportunity cost = 30/15 = 2
Answer:
comparative advantage
Explanation:
Comparative advantage in finance is crucial for production because it helps nation to manufacture their goods with low opportunity cost compare to their co- partner in that production line.
Production which is an essential aspect in economics is a process of turning raw materials into finished goods are very crucial in each nation of the world and for economic process to be completed.
It should be noted that When nations increase production in their area of comparative advantage and trade with each other, both sides can benefit from it.
Countries are involve in trade. U.S. exports of goods and services (on a national income account basis) are about 12 percent of U.S.
<h3>What is US economy based on?</h3>
The U.S. economy is one that has aa highly creative and technologically-advanced services sector, which is said to own about 80% of its output.
The U.S. economy is lead by services-oriented companies in sectors such as technology, financial services, healthcare, etc.
Studies has shown that the US economy exports as at 2019, was said to have exports of goods and services from the United States to about 11.73 percent of its gross domestic product (GDP).
Learn more about exports from
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Answer:
it's very important question because ppl focuses on investment they no think its profit or not people also contribute in theory which make advance machinery and helps to go rich the society
