If there is an expected shortage of copper, you would expect that the price of copper would go up. The law of supply and demand would say that as a resource becomes more scarce, the price would increase.
In this case, a person would want to buy and store copper for the future.
Globalization is an apparent universal civilization that revolves around the emergence and spread of common systems that include, but are not limited to, political relations, economic transactions, technology creation/transfer, and Cultural Influence.
<h3>What is Globalization?</h3>
Globalization refers to the process of spread of financial products, goods, technology, information, and jobs across national borders and cultures.
It is the growing interdependence of the world's economies, cultures, and populations that is brought by cross-border trade in goods and services.
It has increased the interconnection of local and nationalistic economies across the world.
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Answer:
Relaxing or removing government regulations that restrict the activities of firms in some or all industries is called deregulation.- True
Let's say that the demand for the product increases, for example more people move into the area and more people need fresh bread in the morning or more people need to use taxis in this are. If the supply doesn't increase at the same time, the equilibrium prize would increase in this case!
Answer:
The correct answer is Disagree because they have different scientific judgements.
Explanation:
Obviously, what is demonstrated in the previous situation is that the two economists think differently. For this reason, they have different judgments from a training that allows them to recognize the events and propose alternatives to the problems presented.
Value judgments are the criticisms or comments that all people make towards other people or things depending on our perspectives or tastes.
Scientific judgments are always objective and are made with the scientific method, and are made with observation and verification.
We make moral judgments based on the "good or bad" human acts of a person and thus to discover their morality.
