Answer:
Islam came to root along the East African coast some time in the 8th century, as part of a continuing dialogue between the people on the East coast and traders from the Persian Gulf and Oman. Like early Christianity, Islam was monotheistic, that is, Muslims worship only one god.
Explanation:
Answer is A. Mayflower compact and John Lockes Social Contract Theory
It was on my quiz last year
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, government owns land, capital, and resources.
Explanation:
I just know this
Answer:
It is unnecessary as constitutions protect citizens rights.
Explanation:
The economy operates according to the law of supply and demand for goods and services. According to this theory, the interaction between supply and demand for a good or service fits and the vector of adjustment is price.
If the price is high, there is more supply than demand. If the price is low, there is more demand than supply. If demand increases, price increases and supply increases. If demand falls, the price falls. That is, the price makes the interaction. There will be a moment where the quantity offered is exactly equal to the quantity demanded, at which point the price practiced is the equilibrium price.
So if an economy is in equilibrium at a time and then the price charged is higher than the equilibrium price, it means that demand has gotten higher than supply.
<u>However, none of the alternatives would explain why a price is charged above the equilibrium price.</u> <u>The answer is the reverse of what is written in alternative (A)</u>. The truth is this: As the quantity demanded rises, the price rises above the equilibrium price. <u>This is the answer</u>.
The alternative (B) is true, although it does not answer the question of the problem. If prices rise, demand falls. This is because the high price discourages consumption.
BTW, I'm an economist and I'm sure.
