Description: | You can notice all the different types of soles, but they all have little areas where you'll be able to grip the pedal. Another preference is the, the style of the sole. Some soles are real flexy, while others are quite stiff. Why do countries trade? Shouldn't a strong country such as the produce all of the computers, television sets, automobiles, cameras, and VCRs it wants rather than import such products from Japan? Why do the Japanese and other countries buy wheat, corn, chemical products, aircraft, manufactured goods, and informational services from the ?Because countries have different natural, human, and capital resources and different ways of combining these resources, they are not equally efficient at producing the goods and services that their residents demand. The decision to produce any good or service has an opportunity cost, which is the amount of another good or service that might otherwise have been produced. Given a choice of producing one good or another, it is more |