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:
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Answer:
Neither the same nor the opposite
Explanation:
<em>A stitch in time saves nine</em> is an idiom meaning that it's better to deal with problems right away and spend less time doing that than later when more time is going to be needed.
<em>A penny saved is a penny earned </em>is an idiom meanings that saving money, even little by little, is as useful as earning more.
When we compare these two idioms, we can see that their meanings are neither the same nor the opposite.
Answer:
i have a big explanation that i cant write it here so you should look for someone else if you need a compact one cuz this is brief but it worth it to get points :)
Explanation:
It's basically because people have different ideas and wishes on what to be,they have different opinions on which is better and which isn't the best. Teaching may be people's tea but doctors,engineers,football players,basketball players,why?,even carpenters are people's tea.its not just teaching which is a profession.there are many professions even fashion designers can be some peoples dream and even police officers can be some people's dream it could be anything!
Answer:
Option B, China experienced rapid industrial and urban population growth
Explanation:
In the East Asian region, China grew very fast in terms of industrialization and hence the urban cities and population in it. These two factors contributed tremendously in the increase of GDP of the China individually and as well as the entire region.
China emerged as the manufacturing hub of the world and became a global supporter of all major business across the globes.
Hence, option B is correct
