Answer= Because the United States is already a WTO member, it does not have to lower any trade restrictions as a result of China's entry. In fact, China's entry will help reduce the trade deficit between the United States and China
<span>GDP per capita is not a good measure of the standard of living because there is no attention paid to the price level in GDP per capita. For example, your GDP could be really high such as in places like Japan(largest economy in the world at the moment) so their GDP per capita is high. However, their cost of living is also very high(due to lack of land area) leading to a low standard of living.</span>
Answer: d). Demand Schedule
Explanation:
Demand schedule is a tabular representation of the quantities of a good demanded by the consumer at different prices. While, a demand curve is a graphical representation of the quantities demanded by the consumer at different prices.
Since, the question is asking for the chart that shows the connection between consumer demand (no all consumer or market demand) and price, the correct option should be demand schedule.
Answer: Option (B) is correct.
Explanation:
Correct option: The marginal utility from consuming good A will be lower than before.
This due to the law of diminishing marginal utility. When the price of good A falls as result consumer will buy more quantity of good A. But according to the law of diminishing marginal utility, as the consumers consumes more and more quantity of good, the utility derived from an additional unit goes on diminishing.
Therefore, the marginal utility from consuming good A will be lower than before.
The answer is "A) the popularity of electronic communication and the Internet".
Electronic communication provides the convenience for people. It leads the conventional newspaper and mail substituted by the electric one. The newspaper has been substituted by the electronic news. The conventional mail has been substituted by<span> social media and e-mail.</span>
