Answer: Perfect Competition
Explanation:
This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.
Answer:
The correct answer is option a.
Explanation:
The aggregate demand in an economy comprises of consumer spending, government spending, investment expenditure, and net exports.
An increase in any of these components will cause the aggregate demand to increase or decrease.
So when the government spending increases the aggregate demand will increase. This increase in the aggregate demand will cause the aggregate demand curve to shift to the right.
This rightward shift in the aggregate demand curve will cause the price level and equilibrium quantity to increase.
Answer:
The correct answer is option b.
Explanation:
When foreign producers sell their goods and services in the US market they get US dollars in return. They use these dollars to buy goods and services from the US.
If import restrictions prohibit foreigners from selling various goods and services in the U.S. market, foreigners will have fewer U.S. dollars which they can spend to buy U.S. goods and services. So they will be able to purchase fewer goods and services from the US.
Answer:
Thomas Edison
Explanation:
Thomas Edison early life was very normal. He was born in a poor family. His mother was a school teacher. Thomas Edison did not get recognition until he was successful in inventing the bulb. He did many experiment which failed and no one supported him during this era. He continued his hard work and finally his one of experiment became successful and he invented a bulb. The world then recognized his efforts and made him a hero. His recognition was only based on the success of his experiment and the marketplace.
