Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
The rate of photosynthesis would be slowed down, the rapid heat increase would put the plant into a sort of shock, slowing down the cells activities and then the plant would eventually die
Answer:
will attract more resources towards the production of the product
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.
If price were set below equilibrium price (the price floor is non-binding) there would be shortages as quantity demanded would exceed quantity supplied
price floor benefits sellers
Due to increased profitability as a result of the high price as a result of price floor, there would be a resource flow into that industry
A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.
<h3>What are absolute advantages and comparative advantages?</h3>
Comparative advantage exists when a country produces a good or service for a more subordinate opportunity cost than other countries. Opportunity cost estimates a trade-off. A nation with a comparative benefit creates the trade-off worth it. Absolute advantage is an economic concept that exists utilized to refer to a party’s superior production capability. Specifically, it directs to the ability to produce a particular good or service at a lower cost.
Comparative advantage exists concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily indicate an economy should produce that good. It is not advisable to try and produce everything. Absolute Advantage: The ability of an actor to produce better of a good or service than a competitor. Comparative Advantage: The capability of an actor to produce a good or service for a lower opportunity cost than a competitor.
To learn more about absolute advantages refer to:
brainly.com/question/8141905
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