The european union produces about 15% of the world's goods and services. The EU hosts only 6.9% of the world's population, but its trade with the rest of the world represents approximately 20% of world imports and exports. Approximately 62% of total trade is between the EU countries, it is one of the three main world trade powers. The other two are the United States and China.
The correct answer is "decrease".
Gas (oil) is considered a necessary input in the business, as it is required for the production process. Its price would be taken into account as a production cost.
<u>One of the factors that affects the supply of a good or service is the price of the inputs used during the manufacturing process.</u> The higher the price of inputs, the higher the costs of production, and the higher the price that the firm needs to set in order to gain an acceptable profit margin per unit sold.
On the other hand, the relationship between the price of inputs and the price of the products also works in the opposite direction. If the costs of the factors of production decrease, the firm can become more competitive in the markets by establishing a lower price for the product while it can continue earning the same, or even a larger, profit margin. <u>Therefore, the price of the product will decrease if so do the prices of inputs. </u>
B makes the most sense because they made hardly any money at all so ya it's B.
Can I please have Brainliest? :3
Answer:
the modern day map is secondary
Explanation:
The one that looks the oldest is primary, because primary mean it was made during that time and secondary means it was made after what happened
