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 15 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?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i
Affect. Affect.
The Major Cleavage Patterns of Animal Embryos The Major Cleavage Patterns of Animal Embryos
Typology of 11 functional health patterns Typology of 11 functional health patterns
Scattergrams are a mechanism used by political scientists to show patterns and relationships among v Scattergrams are a mechanism used by political scientists to show patterns and relationships among v
Three patterns of axonal regeneration in mammalian peripheral nerves. Three patterns of axonal regeneration in mammalian peripheral nerves.
Video: Sister chromatids of a metaphase chromosome animation

For a complete list of videos, visit our video library