When an economy’s price level falls, ceteris paribus, the domestic price level relative to the price level in other countries willfall . this means that domestic exports will be relatively expensive than before, while foreign imports will be relatively expensive than they were previously. the number of domestic products purchased by foreigners (exports) will therefore , and the number of foreign products purchased by domestic consumers and firms (imports) will . net exports will therefore , causing the quantity of domestic output demanded to . this phenomenon is known as the effect.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education

answer production department;

answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;