Trade leads to a higher standard of living.
Imagine if country A had a surplus of coffee beans and country B of tea leaves.
Then they could trade with each other and the citizens of both could have access to both goods; and without trade they would only have access to one good. <span />
Answer: asymmetric information
Explanation:
Asymmetric information is also called information failure, it occurs when one person possesses more material knowledge than the other person in a transaction. It occurs when the seller of a good or service has more adequate knowledge than the buyer of the goods.
Emma has more knowledge of the bicycle because he owns it than friedrich who wants to buy. Asymmetric information is often very important especially in a profession as it makes an individual stand out and makes such person continuously search for more knowledge to be a master in a field.
Answer:
false
Explanation:
The class system in the United States is not considered as important as when compared to Great Britain. However like Britain, the United States has its own upper, middle, and working classes. , class membership in the United States is determined to a larger extent by individual economic accomplishments, as opposed to background and schooling
The leaders opposed change. Government was demoralized and
discouraged. Sparta could only leave for military.
Sparta was a fighter society in antiquated Greece that
achieved the stature of its power in the wake of overcoming rival city-state
Athens in the Peloponnesian War. Spartan culture was focused on being loyal to
the state and military administration.
