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Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
What were some of the pros and cons of using wampum and barter in an economic system?
no
Advantages and disadvantages of nominal scale?
The advantage of using a nominal scale is that it can help with classification. The disadvantage of using a nominal scale is that it is the most primitive system.
Describe four advantages of using price as an allocating mechanism?
Advantages of using price as an allocating mechanism are that it's a basic system and is already well-known. Other advantages are that it's easy to understand and the principles are universal in nature.
What would people who operate using the laissez-faire economic system most likely do?
They would likely oppose any interference from the government.
Which continent uses the metric system?
In all the continents are using some countries are using the metric system more in Asia and Europe most of the countries are using the metric system.
How do you measure using the metric system?
By using measuring tools with metric measurements on them.
Is English system considered as a metric system?
The English system is a measurement system; in a sense it is a metric system but it is not the metric system, so I would avoid using that word to describe it.
What does Metric Conversion mean in math terms?
It means multiplying with constants from a non metric system (such as length using yards, feet, inches) to a metric system (using meters)
What are the advantages of using the metric system or SI?
The metric system, or SI, offers advantages such as simplicity due to its decimal nature, uniformity in unit conversion, and widespread global acceptance. It also provides a standardized system that facilitates communication and understanding across different cultures and scientific disciplines.
What does metric volume mean?
It is a measurement of volume using units from the metric system.
What is metric mesument?
Metric measurement is measurement made using units as defined under the metric system.
What are some advantages that the metric system has over the imperial system?
The metric system has the advantage of base 10 conversion. There are 100 centimeters to a meter, 1000 milliliters to a liter, and 1000 grams to a kilogram. This means that so long as you are using Base 10 for your calculations, all you have to do to move a decimal point.
Is America only country not using metric system?
no
What is the length of a highway using metric system?
kilometer
When using metric system what can length be measured in?
Metres
How did countries overcome problems when using metric system?
There are no problems when using the metric system. The metric system is a lot simpler than any archaic country-specific system. If you are usinĝ a country-specific system, this is a lot more complicated, as you have to convert so your customers can understand your products.
