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slava [35]
1 year ago
8

In what ways was the american economy in the 19th century a market economy?

Social Studies
2 answers:
Vedmedyk [2.9K]1 year ago
6 0

Answer:

laissez-faire

Explanation:

wealth and power

migration to cities, and improved transportation.

and industrialization, immigration

Vadim26 [7]1 year ago
3 0
During the nineteenth century, a true national market economy formed in America where crops and goods could be sold in all parts of the country. Large farms and corporations formed, taking advantage of new forms of transportation to send goods to different regions.
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Assume labor and capital are the only two inputs. Digitopolis is a capital-abundant country that produces personal computers and
chubhunter [2.5K]

Answer:

Following the Ricardian Model of Comparative Advantage, <u>both Digitopolis and the labor-abundant country will specialize at producing  what each does best, according to its factors endowment.</u>

This means that <u>Digitopolis will shift its production to computers</u> as it is a capital intensive activity and <u>its opportunity cost </u>for computers production is lower,<u> while the second country, being labor-abundant, will specialize on producing fax machines.</u>

Explanation:

The Ricardian Model of Comparative Advantage assumes that countries benefit from international trade as they will specialize in producing goods where they hold comparative advantage, that is, where their opportunity cost is lower. The opportunity cost describes the trade-off between choosing to produce one good or the other based on inputs availability and efficiency. In this case, capital is abundant in Digitopolis, so it is evident that the opportunity cost of shifting output to a capital-intensive industry (computers) will be less than producing labor-intensive goods (fax machines).

Being a capital-abundant country, for Digitopolis the opportunity cost of producing fax machines is higher than for producing computers, so it is less efficient for this country to focus on producing fax machines. <u>Thus, it will be more productive that it specializes on producing computers. </u>

On the other hand, considering that the second country is labor-abundant, it is better that it specializes on producing fax machines, as its opportunity cost here is lower.

Finally, <u>both countries will benefit from trade</u>, as overall production of computers and fax machines will increase. Digitopolis will produce much more computers and the second country more fax machines than in the pre-trade situation, because both countries will be employing their inputs more efficiently and productivity will increase.

5 0
3 years ago
What is often referred to as a dictatorship?
Olegator [25]

Answer. Unlimited government

Explanation:

5 0
3 years ago
Bell eastern zhou dynasty what does this bell show about the the development of metal casting and metalworking in ancient china
ki77a [65]

Answer:

The bell depicts the incredible technical complexity during this dispensation of metallurgy in China.

Explanation:

One of the bells under consideration is the Bell (Zhong). It is 38.3 centimeters in height, 17.8 centimeters deep, and 24.4 centimeters wide. It was developed around 770–476 B.C and is made entirely of Bronze.

This kind of bell was used for celebratory occasions was not as the key musical instruments but as an accompaniment.

They were usually clapperless. Clappers in bells are those hammer-like features that are suspended inside the bells to help in the beating of the bell as the bell is swung from side to side. Because of this absence of this feature,  to sound them, one would require a mallet. This category is classified among the Zhong family of bells.

In the Zhou dynasty, there were other kinds of bells such as the Yongzhong bells whose main feature is the rims which are usually raised very high.

Many of these bells are still available as exhibitions at select museums such as the Met Museum.

Cheers  

4 0
3 years ago
Who do you think would won the war why​
Vladimir79 [104]

America because they dont want to kill everyone. and they want peace

4 0
3 years ago
In what Five ways can an individual develop his/her capabilities
sashaice [31]

Answer:

Figure out what you're good at and what needs work:

· First, Seek Your Skills.

· Next, Find Your Strengths.

· Finally, Find Your Weaknesses.

· Join Short Classes or Courses.

· Take Part In Relevant Activities.

· Practice.

· Being Mentored.

· Keep Yourself Relevant.

5 0
3 years ago
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