I believe the answer is: B.That it makes it possible for society to become better off by increasing both its production and its consumption.
Without trades, in order to fulfill all needs of the people, a country need to separate their time and resources to produce each of the needed products. With trades, a country could increase the production of the products in which they have a natural advantage at, and trade the products with other countries in case we need different product that we do not produce here.
Software documents very important information
Answer:
It cannot be determined if they are worse off
Explanation:
In this question, we are asked to determine if consumers today are worse off then consumers in the year 1975.
From the data gathered in the question, it is not likely to know if consumers today are worse off or better than consumers in 1975.
This is because, with this data, only the inflation rate can be measured. Now what determines if the consumer now is better off or worse off?
If the consumer’s income increase at a rate greater than the pace at which inflation is increasing, then obviously he would be better off now than before.
If the pace of increase is the same, then he is neither better off nor worse off.
Lastly, if the income has increased at a rate which is lesser than the inflation pace, then we can say that the consumer today is worse off
Answer:
The statement is: True.
Explanation:
Line Balancing is a production technique in which companies assign labor hand and equipment most efficiently to increase productivity. Line balancing also pursues reducing the waste time by allocating human sources and machinery according to each task necessary in the production process.
Answer:
The answer is A. £0.699/$; £0.699/$
Explanation:
The direct quote for British investor is the same as the indirect quote for the U.S. investor.
Calculation is as follows; 1/1.43 = 0.699
