If a natural disaster created scarcity of a raw material, it could decrease production. If this happens, the country could face a trade deficit and have to import the products.
Europe is not a country but a continent.
There are three simple questions an economy of a country must answer. They are "what to produce," "how to produce," and "for whom to produce."
What to produce. How to produce. and How much to produce.
What to produce. How to produce. and How much to produce.
When one country can produce a product more cheaply than another country this is called comparative advantage. When one country can produce more goods than another using an equal amount of resources, this is called absolute advantage.
A country may not choose to produce below it's ppc but the situation in that country derive it to do so
Heat deficit refers to a situation where the body loses more heat than it can produce, leading to a drop in core body temperature. This might occur in cold environments or with prolonged exposure to cold temperatures without adequate protection. Symptoms of heat deficit can include shivering, confusion, and reduced coordination.
A situation in which a country, individual, company or region can produce a good at a lower opportunity cost than that of a competitor
Officials in California monitor the transport of fresh produce in the state to make sure that everything coming in is legal and that there is no surplus or deficit.
When a country can produce many things but chooses to produce one main thing, or just a few things, this country is said to be
Europe is not a country but a continent.
There are three simple questions an economy of a country must answer. They are "what to produce," "how to produce," and "for whom to produce."
It can but probably won't
Europe is not a country but a continent.
What to produce. How to produce. and How much to produce.
What to produce. How to produce. and How much to produce.
Oceania is not a country. So that just leaves Australia as the country to produce the most bauxite.