14. Which of the following is the consequence of the agricultural evolution in the history? A) Separation of input sectr and processing-manufacturing sector from production sector B) Separation of productioh sector from input sector C) Separation of input sector from processing-manufacturing sector D) Extended size of farming and large scale of production E) Acceleration of international trade and business 15. Which step is Not belong to the Six Steps in business management Decision Making A) Identifying the problem to clear up the problem B) Determining and analyzing the courses of alternative actions C) Selecting the best alternative D) Budgeting the best alternative decision E) Implementing and following up the decision

14. Which of the following is the consequence of the agricultural evolution in the history? A) Separation of input sectr and processing-manufacturing sector from production sector B) Separation of productioh sector from input sector C) Separation of input sector from processing-manufacturing sector D) Extended size of farming and large scale of production E) Acceleration of international trade and business 15. Which step is Not belong to the Six Steps in business management Decision Making A) Identifying the problem to clear up the problem B) Determining and analyzing the courses of alternative actions C) Selecting the best alternative D) Budgeting the best alternative decision E) Implementing and following up the decision

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 14RQ: What are diminishing marginal returns?

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Concept explainers

Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.

Question

Please answer both please

14. Which of the following is the consequence of the agricultural evolution in the history?
A) Separation of input sectr and processing-manufacturing sector from production sector
B) Separation of productioh sector from input sector
C) Separation of input sector from processing-manufacturing sector
D) Extended size of farming and large scale of production
E) Acceleration of international trade and business
15. Which step is Not belong to the Six Steps in business management Decision Making
A) Identifying the problem to clear up the problem
B) Determining and analyzing the courses of alternative actions
C) Selecting the best alternative
D) Budgeting the best alternative decision
E) Implementing and following up the decision

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