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 56 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?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Three patterns of axonal regeneration in mammalian peripheral nerves. Three patterns of axonal regeneration in mammalian peripheral nerves.
Population Patterns Population Patterns
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Water resources Water resources
Resources from Rocks and Minerals Resources from Rocks and Minerals
Factors That Affect BP Factors That Affect BP
Video: How to make cDNA Animation

For a complete list of videos, visit our video library