Answer:
Whitney's invention made upland short cotton into a profitable crop, which strengthened the economic foundation of slavery in the United States. Despite the social and economic impact of his invention, Whitney lost many profits in legal battles over patent infringement for the cotton gin.
Explanation:
Answer:
c. buy interest-bearing assets causing the interest rate to decrease.
Explanation:
Interest means a remuneration paid to the lender, the lender. The borrowed resources are left available to the borrower, called the borrower, for a period.
Interest is then understood to mean the “premium” paid to the lender for not having used these resources for a period of time for the borrower to use. Interest is the remuneration paid for the capital that is borrowed. The interest rate, in turn, is the relationship that exists between the interest received by the lender and how much of the resource was borrowed.
Within this context, it may happen that within the interest rate, the amount of money provided is less than the amount of money required. When this happens people will tend to buy interest-bearing assets, causing the interest rate to fall.
Answer: B
Explanation:
Opportunity cost is a profit or benefit that must be given up on order to acquire something else. Every resource such as money, land, and time can be put to a different use, therefore every choice, action, or decision has an opportunity cost.
Opportunity cost is the value or worth of the next best thing that one gives give up whenever a decision is made. It is the loss of a potential gain from another alternatives when a different alternative is chosen.
When a city invests in repairing its road, the opportunity cost can be not able to afford a museum because the money that could have been used to build a museum has been used for the road.
The pitcher had thrown the ball many times.
