Answer:
Globalization
Explanation:
- Economic restructuring: it refers to the phenomenon of shifting between two types of economies (from a manufacturing to service economy or agricultural to manufacturing economy)
- Outsourcing: refers to obtains good from an outside supplier instead of from an internal source.
- Skill-biased technological change: is a shift in production that favors skilled over unskilled labor.
- Globalization: it refers to the interdependence of the world's economies, cultures, and populations by cross-border trade of goods and products.
In this example, the components of Nike tennis shoes are produced in <u>different parts of the world, assembled in China and sent to the States.</u>
Since this refers to the interdependence of different countries economies, this is an example of Globalization.
According to Gregory Mankiw, a US teacher and economist, this example would demonstrate the economic principle of "the significance of opportunity cost in decision making". Martina had to give up going to restaurants in order to continue travelling by taxi. She probably compared the cost and benefits of packing lunch vs going to a restaurant before taking the final decision.
Answer: People trade in the savanna by selling on tables or stores.
Answer:
The correct answer is : D. Quantitative.
Explanation:
This kind of method deals with the analysis and the quantification of different variables in order to get certain results. It involves the utilization of numerical data using specific statistical techniques to answer a variety of questions. It emphasizes in an objective measurement.
