Answer:
b. lower price increases the real incomes of buyers, enabling them to buy more.
Explanation:
The law of demand states that;
-the higher the price, the lower the quantity demanded.
- the lower the price, the higher the quantity demanded.
This law is true considering the fact that consumers tends to buy more when the price is low and vice versa.
One of the most important factor in determining the quantity demanded of a product is the price of the product itself. It means consumers tends to demand for more when the price is low.
When price of a product reduces, the real income of buyers will have effect thus enable them to buy more.
The items that United States often export to other countries includes:
- helicopters and airplanes
- chocolate and coffee
- electronics and coffee
<h3>What is an Export good?</h3>
These are goods that are produced for exportation to another country.
The exportation of goods is a good sign that an economy is performing well because its increase the economy Gross Domestic Product.
Therefore, the Option A, B and D is correct.
Read more about Export
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<span>The largest interest group in the United States, by membership, is the American Association of Retired Persons (AARP). This group has about 37 million members. Membership is increasing due to the vast amount of the baby boomer generation turning 65 years old.</span>
Answer:
For Locke, all knowledge comes exclusively through experience. Locke defines knowledge as the connection and agreement, or disagreement and repugnancy, of the ideas humans, form. From this definition, it follows that our knowledge does not extend beyond the scope of human ideas.
