Opportunity cost of everything increase, Public Economics

Earlier than the Civil War, the South graded with the North and with England. It sold cotton and bought manufactured goods and food. Throughout the war, one of Lincoln's first actions was to blockade the ports, which not permitted this trade. The South had to enhance its production of munitions and food.

1. In what did the South have a comparative benefit?

2. Did the Civil War change any opportunity costs in the South? Did the opportunity cost of everything increase? Or did items cost less?

Posted Date: 3/22/2013 3:12:27 AM | Location : United States







Related Discussions:- Opportunity cost of everything increase, Assignment Help, Ask Question on Opportunity cost of everything increase, Get Answer, Expert's Help, Opportunity cost of everything increase Discussions

Write discussion on Opportunity cost of everything increase
Your posts are moderated
Related Questions
what are the costs and consequences of providing the subsidies and welfare?

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce Y units of output according to the following production functio

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4


When Neff says that "the very essence of public relations is grounded in communication" (2010 p.373) she goes on to point to two features of communication that should aid us in ana

examine the efficiency of quantitative credit control instruments.

Only limited progress has been made in modeling of dynamic process of institutional change, therefore, limiting the concerned policy options. It has been identified that innovatio

Assignment This assignment will provide you with insight on how others perceive you. It will be particularly useful in situations in which you find differences in self-other resul

Apply general attribution theory to analyze and explain each party''s attitudes and conclusions. Hint: Use consensus, consistency, distinctiveness, and the fundamental error. 2. Ex