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sergij07 [2.7K]
3 years ago
12

1640s, the principal crop grown in barbados went from being tobacco to

Business
1 answer:
Gnom [1K]3 years ago
3 0
The answer is sugar cane. Tobacco, the crop on which the economy of the Lesser Antilles was originated, began to decline as a result of competition from Virginia tobacco. In 1613 John Rolfe had presented tobacco to Virginia, the earliest of the North American colonies. A variation imported from Trinidad proved very satisfactory. A new market force at work was the increasing demand for sugar in Europe. After the colonization of India and the Far East, coffee and tea were becoming gradually popular in Europe and hence the request for sugar as a sweetener for these drinks. A transatlantic voyage made the West Indies available to the European market. This journey was much easier than that which brought coffee, tea and spices to the European market. Chance also played a share. The Dutch and the Portuguese were struggling for Brazil between 1624 and 1654, and once the Dutch were winning, at least in Northern Brazil, they sent Portuguese prisoners of war north to the islands to be sold as slaves. In 1643 a Dutch ship transported fifty Portuguese slaves to Barbados. They were freed because the enslaving of Christians was not accepted, but Barbados had fifty laborers experienced in the growing of sugar available. Then, when the Portuguese started appealing back Northern Brazil from the Dutch, the Dutch move towards to the islands of the eastern Caribbean as expats, bringing with them their skill in sugar production.
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1. Assume that the money demand function is (M / P)d = 2,200 – 200r, where r is the interest rate in percent. The money supply M
Wittaler [7]

Answer:

r= 3

Explanation:

Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal

Money demand =Supply of money

2,200 – 200 r= 2,000

Now you have to find the value of r and you have to clear the formula and first you have to:

2,800- 2,200 = 200r

Now that you have the number together you have to apply the operation

600 = 200r

As the 200 is multiplying the r you have to pass the 200 to divided the 600

r= (600/200)

r= 3%

The interest rate is 3%

3 0
3 years ago
Initially, suppose Bellissima uses 1 million hours of labor to produce rye and 3 million hours to produce jeans, while Dolorium
vodka [1.7K]

Answer:

Bellisima's opportunity cost:  

Production of rye per million hours of labor = 24 / 12 = 2 pairs of jeans

Production of jeans per million hours of labor = 12 / 24 = 0.5 bushels of rye

Dolorium's opportunity cost:  

Production of rye per million hours of labor = 32 / 8 = 4 pairs of jeans

Production of jeans per million hours of labor = 8 / 32 = 0.25 bushels of rye

Dolorium has a comparative advantage in the production of jeans while Bellisima has a comparative advantage in the production of rye.

If both countries specialize:

Bellisima will produce 48 million bushels of rye.

Dolorium will produce 128 million pairs of jeans.

Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 24 million pairs.

4 0
3 years ago
The interest accrued on $7,500 at 6% for 90 days is:
Oksi-84 [34.3K]
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HOPE THIS HELPS!!!!!!! ;-)
3 0
3 years ago
A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4. 17 and an equity multiplier of
spayn [35]

A corporation has $640,000 in sales, $23,000 in net profit after taxes, a 4.17total asset turnover, and a1.67 equity multiplier. response is9%.%

The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). The better a corporation is at turning its equity financing into profits, the higher its ROE.

Return on Asset is expressed as a percentage of the total return an organization generates in relation to its total assets. The return on asset calculation formula is.

Return on assets is calculated as Net Profit After Taxes by Asset Turnover and Sales multiplied by100. For example, Return on Assets is $23,000*2.5by640000*100 Return on Assets is $57,500/640000*100 Return

Learn more about equity here.

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8 0
1 year ago
When the government levies taxes to subsidize the producers of corn-based sugar, the subsidies will?
Andreas93 [3]
I would say the subsidies for corn-based sugar will result in more of that sugar being produced and therefore sales should increase and the government should benefit by more tax revenue in the long run to offset the cost of the subsidies.
4 0
3 years ago
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