Answer:
B) Prices decrease as a result of increased production efficiencies.
Explanation:
When a producer has absolute advantage, it can produce more output with less inputs that competitors. In other words, it needs less capital, labor and land to produce the same amount of goods and services. This producer is thus, very efficient, and as it is producing more output, this output becomes cheaper. Consumer benefit from cheaper prices and their purchasing power increases.
Answer:
Establishing a society around five basic relationships.
Explanation:
Confucius was an ancient Chinese philosopher. He lived between 551 to 479 BCE. He was widely known for his philosophical belief and thoughts which was later termed as Confucius.
While alive, he suggested the basic things to do for establishing a good society.
According to him, he concluded that "establishing a society around five basic relationships" that were controlled by certain codes, is a prerequisite to establishing a good society.
These five basic relationships are:
1. Ruler - Subject relationship
2. Father - Son relationship
3. Husband - Wife relationship
4. Older Brother - Younger Brother relationship
5. Friend - Friend relationship
The Seven Years' War.
Hope this helps :)
