Steve buys a new coat from don's clothing store. don buys coats from mary's factory, and mary buys her material from sean's mill. the cost of steve's coat will go up if the workers in sean's mill get raises. what economic term does this example describe?

Interdependence

Explanation: Steve buys a new coat from Don’s clothing store. Don’s Clothing store is a retail shop. Steve is an end user or a customer. Don buys the coat from Mary, therefore Mary is the manufacturer  who  prepares coat.  Mary buys the material from the Sean’s mill. The raw material provided to Mary is from Sean’s mill. If the workers in the Sean’s mill get raises, there is an increase in direct cost for Sean’s mill and the cost of materials will increase. Sean will sell the same material at a higher price to its customers. Hence, when Mary buys from Sean’s at a higher price, it will sell its end product coat to Don at a higher price . Thus for Steve, Mary and Don it is an interdependence of each other.

answer; (c) canada,mexico and the united states. i do believe this is the correct answer; /// good luck

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know