As seen in the chart B has the comparative advantage in coal because 1/3 > 1/5 It means they are better at producing coal than the U.S.Have in mind examples like:
U.S.
1 barrel of oil = 4 hrs
1 ton of coal = 5 hrs
B
1 barrel of oil = 7 hrs
1 ton of coal = 3 hrs
After seeing this we can say that the country which has more availability has a comparative advantage over other countries.
Hope this helps
Answer:
AD shifts left and price level would decrease.
Explanation:
If consumer wealth decreases due to a plunge in the stock market, the AD curve will shift to the left. This is because shifts to the left of the AD curve represent a reduction in demand, and if consumers are poorer, they will naturally decrease their demand.
This will in turn reduce the price level, because in a market system, prices will fall until they meet the new, lower demand, meaning that a new equilibrium price is reached.
Marketing is not one of the 10 strategic decisions.
But the 10 strategic decisions are-
design of goods and services
managing quality
process strategy
location strategies
layout strategies
human resources
supply-chain management
inventory management
scheduling
maintenance
