Answer:
The correct answer is the world systems theory.
Explanation:
The world-systems theory is a socioeconomic theory. It was developed by sociologist Immanuel Wallerstein. According to this theory, the countries of the world can be classified into three types.
1. Core countries
2. Semi periphery countries and,
3. Periphery countries
There are countries which are powerful and control wealth and capital who exploit other less powerful and poor countries which have natural resources and labor.
Answer:
c) is the same along both curves.
Explanation:
Two straight-line PPFs have the same vertical intercept, but curve I is flatter than curve II. The opportunity cost of producing the good on the horizontal axis is the same along both curves.
This is also called PANEL RESEARCH.
Panel research is the process of surveying a particular set of consumers who has been buying a particular product from a company for a long time. The purpose of panel research is to obtain the views of the consumers about the product and to use the information obtained to improve the product.
Answer:
Spain has a comparative advantage in the production of olives and;
Austria has a comparative advantage in the production of fish
9 pounds of fish per crate of olives (being more favorable to Spain)
6 pounds of fish per crate of olives (being more favorable to Austria)
Explanation:
Spain renounce to 5 pounds of fish to produce olives while Austria to 10
threfore is much better in competitive term for Spain as the opportunity cost is lower
The opposite is true for Autria regarding fish production. is better producing that as renounce to less olives than Spain
Austria will sale above purchase olive for less than 10
while Spain will sale for more than 5
Given this requirement there are two options which allow for trade and generate gain for both countries.