At the time, the United States was the greatest importer in the world.
<h3>What is import?</h3>
A product or service that was created in another nation but was purchased in one is an import. The two pillars of international trade are imports and exports.
When indigenous industries are unable to provide comparable goods and services at a reasonable cost or with sufficient
A nation's trade balance, commonly referred to as its trade deficit, is negative if the value of its imports exceeds the value of its exports.
Since 1975, there has been a trade deficit in the US. According to the U.S. Census Bureau, the deficit was $576.86 billion in 2019.
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The answer is "because Microsoft could conceivably lose deals in the event that it sets costs unpredictably".
Microsoft Corporation shortened as MS, and it refers to an American multinational innovation or technology organization with home office in Redmond, Washington. It creates, makes, licenses, backings and offers PC programming, shopper hardware, PCs, and administrations. Its best known programming items are the Microsoft Windows line of working frameworks, the Microsoft Office suite, and the Internet Explorer and Edge web programs.
Answer:
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Answer:
The correct answers are:
1) "B": common pool resources are overused.
2) "C": overfishing in public waters.
Explanation:
1) The tragedy of the commons is a resource-based economic problem that takes place when given resources are overexploited without a clear renewable plan or government restrictions that avoid the extinction of those resources. Those resources are usually scarce.
2) <em>Overfishing in public waters</em> is a clear example of the tragedy of the commons. Certain types of fish are scarce. The situation worsens when there are no clear limits imposed on fishermen who tend to overexploit fishing for economic purposes. A real-life example of this is the collapse of the North Atlantic Cod fisheries on Canada's eastern coast.
Answer:
While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.