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 57 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?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

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
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
Patterns of Ethnicity Patterns of Ethnicity
Natural Resources and Industry Natural Resources and Industry
Drainage Patterns Drainage Patterns
Standardized human chromosome banding patterns Standardized human chromosome banding patterns
Video: Polysaccharides

For a complete list of videos, visit our video library