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They increase or decrease supply or demand
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∙ 11y ago
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What changes results in economic growth?
depending on what system you are examining, the answer varies. for a capitalistic (us) economy, scarcity and independent markets drive the economy. supply and demand. the ability to independently set prices keeps the market moving with competition. adam smith.
Why must saving equal planned investment at equilibrium GDP in the private closed economy?
Saving must equal planned investment at equilibrium GDP in the private closed economy because leaking of saving that exceeds the injection of investment causes a level of GDP that cannot be sustained. Having a leaking of saving that is lower than the injection of investment causes the GDP to drive upward. In either case is bad to not have them at equilibrium.
What were Adam Smith's view on laissez faire economics?
He was the first economist to identify trade as the source of wealth rather than a stock of individual resources, such as gold or silver. He theorized that the best thing to do would be to restrict trade as little as possible, allowing the market to allocate resources and build wealth. He also coined the term "invisible hand" to refer to a free, competitive market's tendency to drive prices toward an equilibrium and efficiently allocate resources.
Describe what happens when there is a shortage?
By free market I am assuming that it means the government has no role in controlling the markets. If in such a market there occurs a shortage it will simply drive the prices high up by the demand and supply rule thus constricting the output only to those who outbid the other. The solution generally is a government control on this for example LPG in India is highly subsidised to make it affordable, but the solution is definitely not robust because the people with the ability to buy from the private market end up consuming subsidised products meant for the poorer sections.
What problems are caused by having an export economy?
The varying world demand for any material may result in uncertain export income. Production may exceed what can be sold, and both weak demand and competition can drive prices lower. Over time, markets for some exports could either rapidly increase or suddenly disappear.
The Nazi military drive toward the Caucasus and the Middle East demonstrated what?
The Nazi military drive toward the Caucasus and the Middle East demonstrated the drive of Hitler and the Third Reich to literally dominate the entire world.
How did traders' search for new markets in the west drive the first Western crossings?
SeeEeeee
When a basic drive such as aggression becomes redirected toward a constructive goal is it called sublimation?
When a basic drive, such as aggression, becomes redirected toward a constructive goal, it is called sublimation
What do changes in the DNA sequence or mutations help drive?
Evolutionary Change refers to the changes in the DNA sequence or mutations to help drive.
By what century was the European economy sufficiently strong to drive Muslim merchants from European markets?
Twelfth
How is rising action used in a story?
To drive the plot toward the climax
What helped drive the trend toward urban living in the 1800s?
the transportation revolution
When a basic drive such as aggression becomes redirected toward a constructive goal it is called?
ambition
Why do you think you have developed these feelings?
As a means to instinctually drive my behavior toward social cooperation.
What help drive the move toward city living in the 1800s?
The transportation revolution 😊
If a drive shaft has a arrow on it which way should the arrow point?
Toward the front of the vehicle.
When you drive east or west does your north south position changes?
no
