The answer in this scenario is regulation (Answer B).
Education results in a more skilled and productive work force, technological advancement improves efficiency and therefore productivity, and trade promotes increases in productivity.
Regulation, while necessary in many industries, is a form of restriction. This often means it drives up the cost in providing goods and services which dampens productivity. It's important to note that regulation is a very important tool to protect certain aspects or parties within an industry. For example, regulation is often in place to limit the maximum price that consumers (like you) can be charged for essential services like energy, water and sewerage.
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Answer:
Free trade agreements significantly decrease transaction costs leading to a
decrease in the cost of international goods and services.
Explanation:
Given that the primary purpose of the Free Trade Agreement is to lessen the impediments that often make the business transaction between two or more countries difficult or expensive, thereby leading to lower cost of international commodities and improved economic integration among the countries involved. For example removal of trade tariffs and trade quotas.
Hence, Free trade agreements increase globalized trade because "Free trade agreements significantly decrease transaction costs leading to a decrease in the cost of international goods and services."
Answer:
that statement is false
Explanation:
At that time, the government created a policy to limit maximum products that can be produced by farmers in order to protect the price in the market. Filburn argue that the government had no power to do that to him and other farmers. The court stated that since the government had the right to regulate commerce, setting up maximum product quota also falls under the government's responsibility.
