ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Investment in human capital
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Investment in natural resources
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Opportunity Costs
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Investment in capital goods
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Detailed explanation-1: -Brazil has one of the world’s larger economies. Its economy is mixed and based largely on a free-market (capitalist) system but with some government controls-for example, taxes and limitations on trade and on industrial pollution.
Detailed explanation-2: -Capital good investments in industries help counters make more profit because they are able to make more of a product for less. Mexico and Brazil have both made capital good investments in their petroleum extraction and refining technologies.
Detailed explanation-3: -It is a leading producer of a host of minerals, including iron ore, tin, bauxite (the ore of aluminum), manganese, gold, quartz, and diamonds and other gems, and it exports vast quantities of steel, automobiles, electronics, and consumer goods.