When citizens of a country are unemployed, their families lose salaries: the country would also lose its contribution to the economy. Unemployed citizens would not have any purchasing power to buy goods and services that will also affect the economy.
Answer:
False.
Explanation:
In the context of economics, a marketplace or a market is a place where people used to gather to sell and purchase goods or services of their needs. There are different terms used to refer to the marketplace such as Bazaar in Persian, Souk in Arabic etc. there are different kinds of the market such as Permanent markets, regular markets and weekly markets. However, the main activities that take place in a market are the selling and buying of various products and services.
Therefore, the given statement is False.
Answer:
I believe the answer is D
The answer would be: Natural, Rate
Extinction can be considered a natural process because it will happen even without human's intervention.
As a human, we could only help to accelerate or decelerate the speed of extinction, for example hunting lions irresponsibly will accelerate the speed of extinction while creating a conservation will decelerate it
Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
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