Answer:
The boom and bust cycle is a key characteristic of capitalist economies and is sometimes synonymous with the business cycle. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money.
Explanation:
The 1838 Treaty of Balta Limani, or the Anglo-Ottoman Treaty, is a formal trade agreement signed between the Sublime Porte of the Ottoman Empire and the United Kingdom. The trade policies imposed upon the Ottoman Empire, after the Treaty of Balta Limani, are considered to be some of the most liberal, open market, settlements that had ever been enacted during the time. The terms of the treaty stated that, the Ottoman Empire will abolish all monopolies, allow British merchants and their collaborators to have full access to all Ottoman markets and will be taxed equally to local merchants.[1] These agreements did not constitute an equal free trade arrangement, as The United Kingdom still employed protectionist policies on their agricultural markets.
Answer:B. Hobbes and Locke would disagree.
Explanation:
