Answer:
Mexico export 1 unit of cloth and import 2 unit of food
Explanation:
given data
Mexico’s cost producing 1 unit of food = 3 units of clothing
US cost producing 1 unit of food = 0.5 units of clothing
Trade ratio = 1:1
to find out
How beneficial would it be for Mexico
solution
as given in question we know that Mexico opportunity cost of producing food is lower in the US
so here United States will produce food and Mexico will produce cloth
and trade ratio is 1:1 so that Mexico has export 1 unit of cloth and can import 1 unit of food
and
when the trade ratio is 1 unit of clothing for every 2 unit of food
Mexico export 1 unit of cloth and import 2 unit of food
so as that Mexico will gains more by later trade ratio
Explanation:
Thank you for this brilliant question, the truth is that you do not have to pay the fee yourself, you parents are meant to pay the fee for you, think of it, when you are asked for school fee in school, who is expected to pay? your mom i guess right, same thing with paying for answers, which is still part of your education, now paying for answers so that you keep learning is the obligation of your parents (mom or dad).
Thank you if you need for clarification do not hesitate to ask more questions
Answer:
Option C is the right answer
Explanation:
The shark fin soup is one of the favorite foods of people and foreigners and when due to the presence of mercury in shark soup the sale of one of the favorite Thai food decline. There are various reasons for the plummeted sales, such as; social factors, people are willing to use and recommend those products only which are healthy. Similarly, political and legal enforcement led to a devastating decline of the overall demand for shark soup.
Answer:
The correct answer is (D) Import quotas
Explanation:
Import quotas are part of economic policies imposed by a country to <u>protect domestic industries</u> from foreign competition. For this case, the nation of Andolvia placed a restriction on the supply of peanut products to be imported, as they have subsidized and made efforts for their local young peanut industry to grow and mature.
Answer:
mediation
Explanation:
The Writers Guild of America and the film studios used a mediator when they started their negotiations. The mediator is an impartial third party that is present during the negotiations and tries to help both parties reach an agreement or settlement. The decisions taken by the mediator are not mutually binding so any party can accept or reject them. A mediator only helps to solve the problem, offers possible solutions, but shouldn't decide anything.
In order for the decisions taken by the third to be binding, the third party must be an arbitrator. In an arbitration process all parties involved must accept the decision of the arbitrator.
