The nation that has the absolute advantage in peanuts is India.
<h3>How to solve for the absolute advantage of these countries</h3>
a. The country that has the absolute advantage in the pounds of peanuts is India. They are able to produce 10 million worth of the product.
b. This is in the attachment
c. From the calculated opportunity costs, India has been shown to have the comparative advantage in peanuts so they have to specialize here.
The US on the other hand has to specialize in pecans because they have the comparative advantage in it.
d) The PPC for each country is a diagram
e. ) The terms of trade would be a pound of peanut for a pound of pec an for the countries.
Based on this the US would produce 10 units for pecans. They would use 5 units and exchange the remaining 5 units of pecans for 5 units of peanuts from India.
India is also going to do likewise.
Read more on production possibility curve here:
brainly.com/question/2601596
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Answer:
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Answer:
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Answer:
Hello. You did not put the answer options, but I can help you by stating that the monarchs sought to create more centralized states through the crisis in the feudal system.
Explanation:
During the feudal system, monarchs had basically decorative functions. Power was deposited in the hands of the feudal lords who were the real rulers of the regions.
However, with the extreme population growth and the weakening of the feudal system, monarchs were gaining power and used these moments to establish themselves as the country's only rulers, centralizing power in themselves, ending the feuds and creating centralized states. For this, the kings demarcated borders, built an army of their own, created a standardized currency and stimulated trade and the payment of taxes, which became more profitable than feudalism.
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