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Answer: A. competition among producers</h3>
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Explanation:
Competition reduces prices while also increasing the quality of the product or service. Companies that don't do such things will likely be out of business since the customer can go elsewhere for a better experience. The more competition, the better consumers are off.
In contrast, monopolies are bad for consumers because one company can set the price to whatever they want (to a certain level of course) and the customer has no choice to pay that price. The customer does not have any other option so the company is in full control. This leads to decline in quality because quality is often associated with cost. Safety standards may decline as well. So this is why monopolies are not good for the customer. In cases where there are monopolies, such as with power utilities, it is strongly advised that government regulations are put in place. This way the company doesn't completely exploit the customer.
In short, we can eliminate choice D because it runs counter to choice A.
Choice C can also be eliminated because if you had a decrease in supply, then the price of the product is likely to go up if you hold other factors in check (such as keeping the same level of demand). Higher prices do not benefit consumers unless those consumers had an equal or better wage increase.
A raise in interest rates means that it becomes more expensive to borrow money. For example, a raise in interest rates means that mortgage rates go higher. This negative is slightly counterbalanced with the fact that savings accounts interest rates go up as well. Overall, I think a rise in interest rates means that consumers ultimately pay more, so we can cross choice B off the list as well.
Answer:
The Court's greatest power is judicial review, the power to strike down laws passed by federal and state legislatures, on the grounds that they violate basic principles in the Constitution.
Explanation:
The correct answer is WRIST : Wine, Rice, Indigo, Silk and Tobacco.
The correct answer is a mixed economy.
A Mixed Economy is one where there is a mix of private and public enterprises present. Since the question indicated that there are private enterprises as well as public transportation and electricity, this is an example of a mixed economy.
Answer:
The 13th Amendment supposedly ended chattel slavery in the South, but the South managed to limit these actions in the following ways. The 13th Amendment allows involuntary servitude if convicted of a crime, so this served as a loophole in the amendment. The Southern whites also created "black codes." This led to new types of offenses for not showing proper respect to white people or malicious mischief. However, these offenses could range from a felony to a misdemeanor. Therefore, several black people were wrongly convicted of "crimes."
Explanation:
