Answer:
Some of the gains from trade shift to Portugal.
Explanation:
The law of comparative advantage describes how agents produces more of and consumes less of a good for which they have a comparative advantage in. Agents have a comparative advantage if they produce a good at a lower marginal cost prior to trade. Contrary to it, agent has an absolute advantage if they produce a good more productively, or more quantity of goods for a less amount of resources.
In this example, if the price of doormat increases to 5 hats per doormat, Spain will have to produce hats to get 1 doormat. Contrary to it, Portugal will get more hats for producing the same amount of doormats as before.
So, to conclude, Portugal will gain from this trade.
In economics the term factors of production refers to all the resources required to produce goods and services. A paper company might need, among many other things, trees, water, a large factory full of heavy machinery, a warehouse, an office building, and delivery trucks. It might require a thousand workers to run the factory, take orders, market (or sell) the paper, and deliver it to wholesalers or retail stores. It might need thousands more resources of varying size and cost. Some of these items, such as workers’ skills, might be intangible. Together, these resources constitute the factors of production necessary for the paper company to do business.
Answer:
localization strategy
Explanation:
Localization strategy -
It is method to increase the potential customer of an organisation or firm , by taking care about customers behavior , purchasing style , is referred to as a localization strategy.
This method increases the profit of the organisation , as it basically attracts more customers .
Hence, from the question, Aries Travels give the freedom to its customers to customize their travel package , therefore , they are using localization strategy .
I believe the answer is: <span>Midwest
For those who involved in politics, it is a well-known fact that 3 Midwest Regions are considered as 'the big three Democratic Stronghold', which almost always guarantee a favorable result for them.
The states that included in these strongholds are California, New York, and Illinois.</span>
