Answer:
Market economies utilize private ownership of the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. In reality, all economies blend aspects of the two.
Explanation:
Answer:
b. lower price increases the real incomes of buyers, enabling them to buy more.
Explanation:
The law of demand states that;
-the higher the price, the lower the quantity demanded.
- the lower the price, the higher the quantity demanded.
This law is true considering the fact that consumers tends to buy more when the price is low and vice versa.
One of the most important factor in determining the quantity demanded of a product is the price of the product itself. It means consumers tends to demand for more when the price is low.
When price of a product reduces, the real income of buyers will have effect thus enable them to buy more.
Answer:
1 - Pacific Coast
2 - SouthWest
3 - Rocky Mountains
4 - Midwest
5 - South
6 - North East/ Mid-Atlantic
Explanation:
Those forms of entertainment were very popular in the 1930's because in the 1930's thats when the Great Depression was still going on so all of the unemployed people during the Great Depression wanted to at least have some fun without having to spend a whole lot of money.
