They depended on cotton and should have been growing more than one crop.
Answer: C. . I and III
Explanation:
Scarcity occurs when our want and the needs are more than the available resources that we have. In this case, we will then have to make a choice to be able to choose from the different alternatives that we have.
When we make a choice, the cost of the other alternative that we left is refered to as the opportunity cost. Therefore, the correct options are:
• The "highest-valued alternative given up to get something" is the opportunity cost.
• Scarcity creates opportunity costs
The statement that wealthy economies don't experience opportunity costs is wrong. Every nation experiences opportunity cost.
<em><u>Expansionary Monetary Policy is pursued by Federal Reserve.</u></em>
<u>Explanation:</u>
Expansionary Monetary is a macroeconomic policy which takes an action on economic growth of the country. Expansionary policy can be either monetary policy or fiscal policy or combination of both. Its increases the money supply, boosts aggregate demand and lowers the interest rates.
It deters the contractionary phase of the business cycle. It’s even included that policy’s purchases of government securities and reduction in the ration of reserves, the other point is discount rate decreases.
Answer:
roughly 81 million pounds of avocados are consumed in the U.S. during Cinco de Mayo.
Explanation:
Explanation:
<u>Military installations can be defined as the locations directly operated by the military itself.</u> It is used for many purposes manifested below:
* It provides accommodation facilities to the military.
* It provides training facilities for the military.
* Military can base their equipment there in these military installations.
* Military can conduct their operations secretly from these installation.
* They are also used to store food for the military.
* Some military installation are also used for aviation purposes and known as air bases.
* Military installation when used for military ships are known as naval bases.
