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: Christopher Columbus introduced horses, sugar plants, and disease to the New World, while facilitating the introduction of New World commodities like sugar, tobacco, chocolate, and potatoes to the Old World. The process by which commodities, people, and diseases crossed the Atlantic is known as the Columbian Exchange.
Explanation:
Answer:
This is the Cyrillic Alphabet.
Explanation:
Alexander Hamilton helped found the Federalists party. Thomas Jefferson and James Madison founded the Democratic-Republican party.
