As an Industry's Output Increases,the Industry's Demand for the Inputs

question 143

True/False

As an industry's output increases,the industry's demand for the inputs that it uses will also increase.

Identify disturbances that can influence the effectiveness of the communication process and know the term used to describe them.

Recognize the role of feedback in the communication process.

Understand the elements and key players in the communication process.

Acknowledge the influence of cultural differences on communication practices.

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Definitions:

Trade

The exchange of goods or services between parties, which could be within an economy or between economies.

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.

World Price

The international market price for a product, influenced by global supply and demand.