Answer:
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Explanation: Ik its correct :) Please give me a good rating
Answer:
Some of the gains from trade shift to Portugal.
Explanation:
The law of comparative advantage describes how agents produces more of and consumes less of a good for which they have a comparative advantage in. Agents have a comparative advantage if they produce a good at a lower marginal cost prior to trade. Contrary to it, agent has an absolute advantage if they produce a good more productively, or more quantity of goods for a less amount of resources.
In this example, if the price of doormat increases to 5 hats per doormat, Spain will have to produce hats to get 1 doormat. Contrary to it, Portugal will get more hats for producing the same amount of doormats as before.
So, to conclude, Portugal will gain from this trade.
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Answer:
The Mexican-American War (1846-1848) was caused by many factors. Going back to 1836, one of the reasons was the Treaty of Velasco. The secret treaty had called for recognition of the Rio Grande as the border, and the release of Santa Anna.
Explanation:
the Nueces River by Taylor's troops as an act of war so Mexican troops were ordered to cross the Rio Grande. President Polk saw this as aggression towards the US and he declared war on Mexico on May 13, 1846 with the vote of 173-14 in Congress and 42-2 in the Senate both in favor of the war,2 3thus starting the Mexican-American War.
Answer:
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