Answer:
B) Prices decrease as a result of increased production efficiencies.
Explanation:
When a producer has absolute advantage, it can produce more output with less inputs that competitors. In other words, it needs less capital, labor and land to produce the same amount of goods and services. This producer is thus, very efficient, and as it is producing more output, this output becomes cheaper. Consumer benefit from cheaper prices and their purchasing power increases.
Answer:
It is not C (The older kids are teasing Via.)
Explanation:
Antibiotic: Treats infections caused by bacteria
Antiseptic: Kills bacteria
Pasteurization: Makes food safer to eat
I hope this helps :)
Answer:
Retailer.
Explanation:
The process of retail refers to selling goods and services to consumers to earn profit. Retailer controls the distribution process by purchasing goods and services from producer and selling them to end buyers. In the above case, the artist took turn to sell their products to customers and therefore acting as a retailer.
