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butalik [34]
4 years ago
13

When each person specializes in producing the good in which he or she has a comparative advantage, total production in the econo

my
a. falls.
b. rises.
c. stays the same.
d. may fall, rise, or stay the same?
Business
1 answer:
luda_lava [24]4 years ago
4 0
Hello There!

The correct answer would be B. Rises.

Hope This Helps You!
Good Luck :) 

- Hannah ❤
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2. What were the major industries involved in the development of the West, and how did these industries transform the western ec
Usimov [2.4K]

Answer:

1) Mining

2) Ranching

3) Commercial Farming

Explanation:

The miners who comes mostly from California and other areas fulfilled the demand for gold and silver in the East. They also contributed in extracting other minerals i.e. copper, zinc, iron ore, lead, and quartz, which were great for the industrial use.

The sheep and cattle ranchers played an important role too i.e. that they produced wool, meat, and leather to satisfy the demands of eastern manufacturers and the consumers.

The farmers contributed by making farming commercial. They sold their crops in home town and internationally which helped the economy to improve.  

6 0
3 years ago
Importance of the different types of elasticity<br><br>​
WITCHER [35]

Answer:

<em><u>Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.</u></em><em><u>The concept of elasticity for demand is of great importance for determining prices of various factors of production. Factors of production are paid according to their elasticity of demand. In other words, if the demand of a factor is inelastic, its price will be high and if it is elastic, its price will be low.</u></em>

Explanation:

hope it helped you...mate!

5 0
3 years ago
All transactions ______. (Select all that apply.) Multiple select question. have at least two effects on the accounting equation
lys-0071 [83]

All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.

<h3>What is the accounting equation?</h3>

The accounting equation shows that assets are equal to liabilities and equity.

The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.

Thus, the correct options are Options B. and D.

Learn more about the accounting equation at brainly.com/question/24401217

#SPJ1

5 0
2 years ago
Long Text (essay)
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Answer:

Flooding and wet weather are so costly to agricultural land because they cause delays in and reduction of crop harvest.

Explanation:

5 0
3 years ago
What amount would you have if you deposited 1800 a year for 30 years at 8% compounded annually
Bezzdna [24]
Yes so good indeed queen keep it up
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