If both China and the U.S. specialize in trade, it means that the countries have different opportunity costs to produce each good.
If a price floor is proposed and passed on steel, the result would be a surplus of steel.
<h3>Why would nations specialize and trade?</h3>
China and the U.S. in this scenario would specialize in producing one good and trade in the other because they have different opportunity costs in producing each good.
They will therefore produce the good that has a lower opportunity cost, and trade the good that has a higher cost.
<h3>What happens when a price floor is proposed?
</h3>
If a price floor is proposed and it is higher than the equilibrium price, it means that suppliers will make more money.
They will therefore produce more steel than the market needs and so there will be a surplus.
Find out more more on price floors at brainly.com/question/24827521.
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The Korean flag has the Yin and Yang symbol on its flag.
Brad suffers from schizophrenia and frequently sees people who are not actually there. this is an example of a hallucination.
<h3>What is schizophrenia?</h3>
Schizophrenia is a severe mental illness inside which existence is perceived by sufferers strangely.
When combined with hallucinations and disturbing thoughts and behaviors, psychosis can have a crippling effect on usual activities.
As brad sees the people who are not there in reality, this may be a hallucination as this can be termed as a dangerous situation and a risky one for the others and himself too.
Learn more about schizophrenia, here:
brainly.com/question/23035586
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It was basically an agreement with Latin American that we will be good neighbors to them. It was also so we could engage in exchanges with them.
He was the dictator/ also the leader of the Nazi's
