Answer:
B. GDP includes non market production and is therefore a good measure of a nation's overall welfare
Explanation:
- A GDP is a total values of the goods and the services that are produced within a given country border and thus is the most common measure of measuring the country in terms of the size of the economy.
- Thus can tell the health of the country and is the monetary value of all the goods and services. The non market activities include the production of the food at homes these services don't account for the in-country GDP.
The reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.
<h3>What is upholding standard?</h3>
Upholding standard is the process were a country tend to follow and maintain their set standard without deviating from it.
United states refuse to trade with others country because other country were using children as a laborer to produce goods and United state is against it leading to what is called trade barrier.
Inconclusion the reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.
Learn more about upholding standard here:brainly.com/question/6868717
Answer:
Objective function (maximize)
Constraints
- Availabitily of salt:
- Availability of herbs:
- Availability of flour:
Explanation:
This a linear programming problem. We have an objective function (in this case it is the profit) that we want to optimize, but complying with constraints (in this case, the availability of ingredients).
The objective function can be defined taking into account the profits of the two kind of chips:
The constraints can be expressed taking into account the amount of ingredients every unit of chip needs and stating that it has to be less or equal to the availability of this ingredient:
- Availabitily of salt:
- Availability of herbs
- Availability of flour
With these expressions the linear programming problem can be solved.
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