Answer:
Critics would point out that binding price floors cause excess supply of the good.
Explanation:
A binding price floor is a minimum price on a good or service, imposed by the government, that is above the market price. Binding price floors are common in agricultural policy, and in wage policy (minimum wage).
A binding price floor causes excess supply because it makes suppliers produce more than the amount consumers demand. Because the price cannot go any lower where supply and demand meet, this excess supply continues to exist, and in the case of agricultural products, is often stored for future times, or even left to rot away.
To me, this looks correct. Is this the format you were supposed to use? If it is then yes it is correct.
Answer:
Explanation:
Johannes Kepler started his astronomy career as an assistant to: Tycho Brahe.
Answer:Economists have had an enormous impact on trade policy, and they provide a strong rationale for free trade and for removal of trade barriers. Although the objective of a trade agreement is to liberalize trade, the actual provisions are heavily shaped by domestic and international political realities. The world has changed enormously from the time when David Ricardo proposed the law of comparative advantage, and in recent decades economists have modified their theories to account for trade in factors of production, such as capital and labor, the growth of supply chains that today dominate much of world trade, and the success of mercantilist countries in achieving rapid growth.
Explanation:
Answer:
The European culture clashed with the Native American way of living largely due to barriers caused by the greed of the European mentality. All of the adventurers and fortune seekers from Europe left a trail of devastation among the indigenous inhabitants. Plague and small pox spread among the Natives, killing thousands. Tribes where forced off land that they had lived on for uncountable years. Those that did not willingly leave where murdered or worse, enslaved. All of this devastation happened because of differences in cultures and beliefs. The Europeans saw themselves as champions of the civilized world, and saw the natives as uneducated savages. The result was a near genocidal catastrophe.
Explanation:
I read a research paper.
