Answer:
According to the Open Door policy, China's ability to tax trade encouraged fair trade for all countries. Open door policy referred to the policy of China to open up foreign business in order to bring about economic transformation of modern China.
Explanation:
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the telephone, it changed the way people communicate in a quicker and easier way
Aims to create global companies from start-ups, using the United Kingdom as a strategic headquarters
Answer:
Opportunity cost is the cost of the next-best option. It is something important to know.
Explanation:
In microeconomic theory, opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure the efficient use of scarce resources.
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