Answer:
Being self-sufficient dramatically reduces one's standard of living.
Explanation:
Thoreau had a view that one should go into the woods, live simply and produce what you need with your own hands (be self-sufficient).
Economists explain why most people in the United States do not do this. To an economist everyone in society have their own specialisation. That is why they emphasize division of labour.
So going into the woods to be self-sufficient is not the best use of one's resources and abilities.
Everyone has something unique to contribute in an interaction. What I have comparative advantage producing will be difficult for another person.
This will create a network of people giving what they have comparative advantage producing in exchange for goods and services they do not have competitive advantage producing. This results in everyone maximising utility.
But Thoreau's view will not maximise utility because it is not possible you have advantage producing all you need.
Answer: free trade
Explanation:
A policy of permitting the people of a country to buy and sell where they please, without restrictions, is referred to as the free trade.
Free trade allows countries interact with one another and trade the foods and services that they've.
Answer:
The correct answer is b) "The greater the degree of product variation, the greater is the excess capacity problem."
Explanation:
Excess capacity means that the demand for a stock is less than the quantity that the company probably could provide to the market.
- The greater the degree of product variation, the greater is the excess capacity problem.
- A lower scale of output than it has been designed for creates an excess of capacity.
Answer:
The correct answer is A
Explanation:
Vesting is a plan of retirement which means the ownership. In other words,vesting is the term which is described as the certain percentage of the account, will be vested or own by every employee in the plan each year.
So, it is best described as the how long the employee owns or vest any contributions of the employer to the pension plan of the employee.
<span>It functions like a business but uses the money it makes to fund the cause identified in its charter. The student organization does not make any profits on their activities and instead donates them to charity.</span>
