Answer:
U.S. dollar falls.
Explanation:
Comparative advantage is defined as the ability of a nation to produce a good or service at lower cost than other countries that also produce the good. This is the basis of international trade because countries tend to specialise in producing the products in which they have comparative advantage, while importing those in which they do not have comparative advantage.
If the United States has lost comparative advantage in an industry. To regain it if the US dollar loses value, the wages in the United States will be lower than those in other countries. The relatively lower wage will help the United States regain competitive advantage.
I think it’s A? sorry if i’m wrong
Answer:
The mayor thinks demand is inelastic, and the city manager thinks demand is elastic.
Explanation:
- Inelastic demand is when there is no noticeable change in product demand as the price of the product changes drastically. This type of environment is seen when there are no good substitute for the product.
- Elastic demand is when a slight change in product price changes the market demand for the product. This occurs when there are substitutes.
- Here, the mayor thinks there is inelastic demand and the city manager thinks the demand is elastic.
Answer: c. ethical
Explanation:
Positive ratings of a product encourage other people to buy a product because they will assume that it is good.
If a company pays for these ratings even when the goods are not as good, it will lead people to buy goods that they would not have bought otherwise which amounts to deception which is not an ethically right action to engage in to sell products.
It is True that China and the United States account for the nearly half the increase in the world oil demand.