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Q: If the price of beef doubled and the price of chicken stayed the same people would most likely buy?
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Continue Learning about Economics

What is the advantages and disadvantages of Cable-stayed bridge?

Advantage: It is strong. Also the cables won't break under extreme temperatures. Disadvantages: Wind is a big factor. It can rock the bridge side to side, causing the cables to become lose.


How did federal economic policy change between the 19Th century and the new deal?

The early years of the nation were marked by belief in laissez-faire doctrines; government stayed out of the economy. During the progressive Era, people began to look for government planning as a way to tame the buisiness cycle. During the New Deal, recovery efforts shifted from monetary to fiscal policy in a way that matched the theories of john Maynard Keynes.


What was the Impact on supply and demand of labor Great Depression?

Supply and demand helped bring about and also lengthen the Great Depression. The American farms and factories produced large amounts of goods and products during the prosperity before the Depression. On average people's wages stayed the same even as prices for these goods soared. People who lived on farms had even less than urban dwellers.Because people had no money, they stopped buying these products, but factories and farms still continued to produce at the same rate. As the farmers and industry leaders realized fewer people were buying, they cut back production. To do this, they had to lay off more and more workers. These unemployed workers didn't have money to buy anything, so the factories continued to lay off people. This trend continued in a downward spiral until twenty-five per cent of the population was unemployed


What effect did Fords economic policy have of the economy?

inflation went down, but unemployment remained high


Why the profit stayed the same despite sales turnover increase?

There are several reasons but there are three most important points. Firstly due to marketing expenditure. Secondly is to increase the cost and the last point is prices are cuts to boost sales.

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