The correct answer is B.
Business have a double role in economy. They are the manufacturers that produce goods and services to satisfy the needs of consumers therefore, as the graph attached shows, they participate both in the factor and product markets:
- On one side, they buy productive factors in the resource markets (land, labor and capital) and they pay for them (salaries, rents and interests respectively).
- On the other side, they produce goods and services to household in the product market, in exchange for a price. This revenue, after cost deduction, would suppose the profit they earn for the manufacturing activity.
The Titanic sank because it hit an iceberg, there was poor visibility the night it happened.
On September 3, 1783, three definitive treaties were signed—between Britain and the United States in Paris (the Treaty of Paris) and between Britain and France and Spain, respectively, at Versailles.
Answer:
Vaco Nunez de Balboa
Many say that is was Magellan, but Balboa actually reached the Pacific Ocean six years before him.
After the end of World War I European countries were in decline, their industrial and agricultural sectors suffered a reduction of more than 30%, causing a very strong impact on the economy and thus forcing these countries to look for loans and to import products from another country. In this context of poverty, European countries needed to buy many products and borrow money, in this moment, the United States of America enters as the nation that can meet European needs; at high interest rates, of course. The US had its territory spared during the war and had a large number of exports and loans of money to Europe, causing its economy to be boosted and its national income doubled.
