The correct answer would be option B, Higher the cost of living.
The lower a country's economic development, the higher the cost of living.
Explanation:
Cost of living is the amount needed to live a life by fulfilling the basic necessities of a person or family. The cost of living includes the following basic necessities:
- Housing
- Food
- Healthcare
- Education
- Taxes
When an economy's development is lower, all of these basic necessities will be available at a higher price, which means the cost of living would be higher when economic development is lower. Cost of living is directly associated with the wages. When economic development is lower, it means there will be less chances of employment, which in turns will affect the wages.
Cost of living is often found by comparing the living in two cities or two countries. Economic development of the countries directly affect the cost of living.
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Answer: diffraction
Explanation: diffraction is the spread of light or other waves/beams (like sound for example) through out a certain space.
Marx's theory relies on economic determinism and takes into account material possibilities while Weber also considers culture and politics into economy.
Explanation:
Marx's communist theory relied on material and class claims on which the theory and economics is based around.
Marx was not aiming to create a fool proof theory of economics but making a societal point through focus on materialism.
Contrasted with Weber who can be termed an early economist. Weber was very much in an attempt to develop something along the lines of an economic theory in which culture and politics are also emphasized upon.
The influence of culture and politics on economics was his lasting work.
Answer:
A system in which power is divided between the national and state governments. Significance: Federalism allows people living in different states with different needs and different interests to set policies suited to the people in their state.Federalism is a system of government in which the same territory is controlled by two levels of government. Generally, an overarching national government is responsible for broader governance of larger territorial areas, while the smaller subdivisions, states, and cities govern the issues of local concern.
