Answer:
- 1) Higher prices than in competitive markets Monopolies face inelastic demand and so can increase prices – giving consumers no alternative.
- 2) A decline in consumer surplus.
- 3) Monopolies have fewer incentives to be efficient.
- 4) Possible diseconomies of scale. Explanation:
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Answer:
I believe it is option C.
Problem with using commodity money in the us colonies prior to 1700 Very few people were willing to accept commodities as payment.
British creditors feared charge in a currency of such fluctuating cost and to alleviate their fears the colonies have been prohibited from printing more paper cash. This brought about the cost of current paper money to plummet. This jolted a colonial economic system already suffering a surge in populace and could not be contained.
Colonial people complained that gold and silver coins were chronically scarce. those coins could be received simplest thru importation. Given unrestricted change in specie, marketplace arbitrage must have eliminated continual shortage.
Commodity cash is money whose fee comes from a commodity of which it's miles made. Commodity cash includes gadgets having cost or use in themselves as well as their value in shopping for items.
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The correct answer is A) procedural due process.
The procedural due process protects people from arbitrary government interference with their life, liberty, or property rights.
We are referring to an important clause called the Due Process that is part of the 5th and the 14th Amendment to the United States Constitution. This means that the government will not deprive any United States citizen of its life, liberty or property, basic rights stated in the Constitution. If the government would act against these rights of a person, it has to notify the individual so it can be heard in court and have a fair trial.
Answer:c) He opened first Publishing house in England
Explanation:
William Caxton is known for the introduction of Printing Press first time in England. He was also the first English retailer and translator of printed books.
When he moved to burges, he became an important member of the merchant community. He printed more than 100 books during his lifetime. He had knowledge of French, Latin and dutch which he uses for translation.
