Question 3 of 10
2 points
the system of mercantilism is based on which concept?
o
a. nations increase their wealth by establishing trade agreements
with other nations.
o
b. nations increase their wealth by producing an abundance of raw
materials.
o
c. nations increase their wealth by exporting more than they import.
o
d. nations increase their wealth by promoting the development of
agricultural trade
submit

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.  

i think the answer is a and i hope this ; ))

consider an orange peel: if you want to try and lay it flat, you have to stretch it, we know exactly how things are being stretched or squashed at any given point. we have many different map projections because each has different patterns of some projections can even preserve certain features of the earth without