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Example of imputed cost?
Charging the cost of using fully depreciated machinery to the cost unit
Give an example of the governments goals in regards to externalities?
If a company's pollution creates economic costs (for example, the medical bill of a patient who gets sick from pollution), then the government will force the company to pay that cost.
How did southern governments try to improve economic conditions?
After the fall of the confederacy the south tried to improve economic conditions in the south. People of all colors worked together to get the farms back up and running. The government lowered cottons cost, started building railroads, and redistributing land.
Why did the colonists have trouble getting financial support and supplies from Europian countries?
They really didn’t have problems. The British passed trade laws but the colonies went around those and smuggled in things. One of the problems was when the British lowered the tea tax that made the smuggled Dutch tea higher in cost. The Boston Tea Party was the final result.
Who devised the spinning jenny?
it helped people to spin several threads at a time. and it even lowered the cost of fabric
