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trapecia [35]
2 years ago
6

Which statement best describes the mood of Americans during the 1920s?

History
1 answer:
AfilCa [17]2 years ago
5 0

Answer:

2. They hoped for a return to normal life after WW1

hope that helps you

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please mark brainliest

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The formation of NATO and the Warsaw Pact were similar in that they
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The formation of NATO and the Warsaw Pact were similar in that they ("<span>B) called for collective security against outside threats," since this was during the Cold War, with NATO being an alliance of western, mostly capitalist states, and the Warsaw Pact representing the Soviet Sphere in the East. </span>
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Absolute  advantage: The ability to produce  more cheaply.

Comparative  advantage: The existence of lower  opportunity costs than  competitors.

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The four terms that are defined above have to do with trade and the economic theories behind the different trade policies that countries employ. Protectionism is employed when countries want to avoid trade with outside countries and to lower competition with outside countries. Therefore, a country may impose tariffs that make importing goods very expensive. A country will have an absolute advantage in a product if they can make it much cheaper than another country. For example, timber products in Canada will cost less because they have an abundance of forests compared to other countries. A country may have an absolute advantage in one industry but that still may not be its comparative advantage. The country will have to weigh the trading opportunity costs are. Say that one country has no farmland but it has lots of oil. The other country has farmland and oil, but is willing to forgo trading oil in order to trade food for oil with the other country because the opportunity costs for forgoing oil are lower. Now the second country has a comparative advantage in food and the first country has a comparative advantage in oil.   David Ricardo believed that comparative advantage would lead to specialization as in countries would specialize in the products they have a comparative advantage in.

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