Answer:
the x-intercept is (9,0) and the y-intercept is (0,3)
then you must plot them
Explanation:
x-intercept is when y=0
y-intercept is when x=0
The correct answer is A. Country chooses to produce bananas instead of wheat.
Opportunity cost is termed as value of choice. It is the important concept in economics and also the relationship which is between choice and scarcity.
A good example of opportunity cost is you can spend money and time on other things but you can not spend time reading books or the money in doing something which can help.
Opportunity takes important part in economic theory.
Bananas I believe I hope this help
Answer:
binary star system and physical double star system
Around 1700, a sequence of events led to today's highly globalized economy and unequal global wealth distribution. The sequence is as follows:
- Virtually the entire world lives at a subsistence level.
- Dramatic increase in food production in Europe due technological advances in farming lead.
- Factory production replaces European cottage industries.
- Western colonialism at its peak transfers wealth from the colonies to Europe.
- Former colonies of Europe struggle economically post independence
The economy in 1700s was based on mainly farming, fur trading, ship production, local production.
Learn more revolution in 1700's here:
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