A, because that is the basis for the concept of risk pooling.
Suppose that at prices of $5, $4, $3, $2, and $1 for product Z, the corresponding quantities supplied are 7, 6, 5,4,3 units, res
Alchen [17]
Answer:
A)Improved technology for producing Z.
Explanation:
- which means automation of production, so when you will have mass production at low cost it will definitely result in a decrease of product cost.
- This shall consequently lead to an increase of the quantities of product Z produced because, the extra capital that comes from saving on the production costs shall be used to produce more goods.
- Since production shall have not cost any extra capital, the price shall remain constant.
It really depends on which president.
The president in a Marxist or communist society is indeed could be considered of having too much power since the government basically controlled 100% of the socio and economic policies.
The president in a democratic country actually does not have as much power as the civilians who elected him.
