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☆☆☆☆☆Its production costs for clothing were the lowest in the world.
They influence the national money supply,which affects the volume of international trade.
To make decisions that maximize benefits.
Rational and Subjective.
Objective and systematic
pleasure (benefit) and pain (cost)
calculating and coherent
Rational and structured =making a list of costs and benefits
Control of the money supply determines how much money is available for international trade.
The income gap between rich and poor countries has widened.
It could pursue a policy of national self-sufficiency.
When a country has an absolute advantage in production of that good it may specialize in producing that good.
The World Bank loans developing countries money in order to improve conditions in the country. It can be used for various purposes, including education, job development, and infrastructure.
Free-trade policies
Increased foreign investment.
Cheap imported goods are responsible for job loss in the United States.
Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.
I cannot answer this question.
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
- Price fixing: a group of companies agree that all of them will charge the same price.
3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.
