This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How does the discovery of new resources affect trade patterns around the ... (Read 55 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
How does the discovery of new resources affect trade patterns around the world?

Question 2

Profit is the difference between:
 a. total output and total costs.
  b. total revenue and total costs.
  c. total revenue and total sunk costs.
  d. total output and total sunk costs.
  e. total revenue and opportunity costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

Discovery of new resources often change a nation's core competencies and enables it to specialize in newer areas where it was earlier at a disadvantage. This can change established trade patterns between nations.

Answer to Question 2

b


james0929

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jun 30, 2018
Thank you


guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

A comparison between anagenesis and cladogenesis: two patterns of speciation. A comparison between anagenesis and cladogenesis: two patterns of speciation.
Aurora australis observed from the Space Shuttle Discovery, on STS-39, May 1991 (orbital altitude: 2 Aurora australis observed from the Space Shuttle Discovery, on STS-39, May 1991 (orbital altitude: 2
Surface Water Resources Surface Water Resources
American Foreign Trade, 1790–1812 American Foreign Trade, 1790–1812
Adolescent Diet and Exercise Patterns and Recommendations Adolescent Diet and Exercise Patterns and Recommendations
Biological Diversity: Complex patterns of diversity Biological Diversity: Complex patterns of diversity
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library