When the Europeans arrived, carrying germs which thrived in dense, semi-urban populations, the indigenous people of the Americas were effectively doomed. They had never experienced smallpox, measles or flu before, and the viruses tore through the continent, killing an estimated 90% of Native Americans.
Your next-door neighbors want to go on a European vacation but cannot afford it. so they decide to visit a local amusement park instead. this is an example of the economizing problem.
<h3>What's a profitable problem?</h3>
- Profitable systems as a type of social system must defy and break the three abecedarian profitable problems.
- What kinds and amounts of goods shall be produced," how important and which of indispensable goods and services shall be produced?"
- How shall goods be produced?. by whom and with what coffers( using what technology).?"
- For whom are the goods or services produced? Who benefits? Samuelson reworded this question as" how is the aggregate of the public product to be distributed among different individualities and families?
<h3>Why is the scrimping problem important?</h3>
- All societies face the profitable problem, which is the problem of how to make the stylish use of limited, or scarce, coffers.
- The profitable problem exists because, although the requirements and wants of people are endless, the coffers available to satisfy requirements and wants are limited.
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Answer: The deposit-creation potential of the banking system is $500 million.
Explanation: To solve: take the money that the banking system has in excess reserves $50 million and multiply it by the reserve ratio of 10%. $50,000,000 x 10 = $500,000,000
