Tobacco ensured the long-term success of Jamestown.
Answer:
Most of the time it's simply for goods another country has that they don't.
Explanation:
Back around 1500 china traded with places like Europe, Africa and other parts of Asia simply for different spices and resources.
Answer:
$500
Explanation:
DATA
The current price of the market basket of goods = $850
Current year GDP deflator = 170
In order to find the GDP in real terms, we should amend the GDP deflates formula
<u>Formula</u>: GDP deflator =
x 100
Lets put the values and amend the formula in order to find real GDP
170 =
x 100
Real GDP = $500
Answer:
RFID tags are a type of tracking system that uses radio frequency to search, identify, track, and communicate with items and people. Essentially, RFID tags are smart labels that can store a range of information from serial numbers, to a short description, and even pages of data.
A problem that is not caused by monopolies is More competition.Thus the correct answer is D.
<h3>What is a monopoly?</h3>
A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.
They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.
As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.
Therefore, Option D is appropriate.
Learn more about Monopoly, here:
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