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Luda [366]
3 years ago
15

The day to day living conditions of today are much different than they were in the 20th century. Charlie, doing some web searchi

ng with StumbleUpon, discovers that more houses today (as compared to houses in the 20th century) have electricity (for his video games), air conditioning (which he is thankful for, since he lives in the sweltering heat of Texas) and a car (which allows him to go to cafes to study economics easily, because he is too lazy to ride his bike). What changed between the early twentieth century and present day that allowed this to happen? A. There were no market failures during this time. B. There has been economic growth in our society. C. The invisible hand has guided all nations around the world to this prosperity. D. There have been fewer recessions, allowing Americans to prosper and earn more money.
Business
1 answer:
Crazy boy [7]3 years ago
3 0

Answer: There has been an economic growth in our society.

Explanation: Economic growth refers to a situation when the individuals and firms in the economy gets more commodities for their consumption.

When economic growth occurs the capacity of the economy increases in respect of production. Hence the total production increases over time leading to high demand and supply in the market.

Thus, the more usage of commodities like car and air conditioners is an evidence of economic growth.

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In 1908, Thomas Edison united the 10 companies that held all the necessary patents for film production into the Motion Picture P
MakcuM [25]

Answer:

The Motion Picture Patents Company (MPPC, also known as the Edison Trust), founded in December 1908 and terminated seven years later in 1915 after conflicts within the industry, was a trust of all the major US film companies and local foreign-branches (Edison, Biograph, Vitagraph, Essanay, Selig Polyscope, Lubin Manufacturing, Kalem Company, Star Film Paris, American Pathé), the leading film distributor (George Kleine) and the biggest supplier of raw film stock, Eastman Kodak. The MPPC ended the domination of foreign films on US screens, standardized the manner in which films were distributed and exhibited within the US, and improved the quality of US motion pictures by internal competition. But it also discouraged its members' entry into feature film production, and the use of outside financing, both to its members' eventual detriment.

Explanation:The MPPC was preceded by the Edison licensing system, in effect in 1907–1908, on which the MPPC was modeled. During the 1890s, Thomas Edison owned most of the major US patents relating to motion picture cameras. The Edison Manufacturing Company's patent lawsuits against each of its domestic competitors crippled the US film industry, reducing production mainly to two companies: Edison and Biograph, which used a different camera design. This left Edison's other rivals with little recourse but to import French and British films.

Since 1902, Edison had also been notifying distributors and exhibitors that if they did not use Edison machines and films exclusively, they would be subject to litigation for supporting filmmaking that infringed Edison's patents. Exhausted by the lawsuits, Edison's competitors — Essanay, Kalem, Pathé Frères, Selig, and Vitagraph — approached him in 1907 to negotiate a licensing agreement, which Lubin was also invited to join. The one notable filmmaker excluded from the licensing agreement was Biograph, which Edison hoped to squeeze out of the market. No further applicants could become licensees. The purpose of the licensing agreement, according to an Edison lawyer, was to "preserve the business of present manufacturers and not to throw the field open to all competitors."

In February 1909, major European producers held the Paris Film Congress in an attempt to create a similar European organisation. This group also included MPPC members Pathé and Vitagraph, which had extensive European production and distribution interests. This proposed European cartel ultimately failed when Pathé, then still the largest company in the world, withdrew in April.

The addition of Biograph Edit

3 0
3 years ago
Vegetables wilt of soften and their color intensifies as they
tiny-mole [99]

Answer: boil

Explanation:

6 0
3 years ago
$ 15 billion in small minus denomination time deposits$15 billion in small−denomination time deposits is counted in A. Upper M 2
Rom4ik [11]

Answer:

Only M2

Explanation:

M1 is composed by currency, coins, checking accounts, traveler check and others forms of cash

While M2 correspond to M1 + near cash which are time deposits, saving account and other form like that

Hence, 15 billion in time deposits will be a near cash thus, M2 only

5 0
3 years ago
Compare two loans:Loan 1: $175,000; 8% annual (monthly payments); 30 years.Loan 2: $175,000; 7% annual (monthly payments); 15 ye
Nitella [24]

Answer:

Following are the responses to the given question:

Explanation:

For the First loan payment period is value:

\to NPER(\frac{8\%}{12},-250-PMT(\frac{8\%}{12},12\times 30,-175000),175000)=215\  months

For the second loan payment period is value:

\to 15\times 12=180 \ months

that's why the loan will be paid off soon.

4 0
3 years ago
Define rent seeking. Rent seeking is attempting to transfer surplus from one group to another, for firms it usually involves: re
murzikaleks [220]

Answer:

For firms, Rent Seeking usually involves: <u>restricting supply in order to increase price</u>

Explanation:

An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share.

A rent seeking firm have a greater incentive to engage in rent-seeking behavior when demand is elastic because the restriction imposed on competitors will not affect the demand for the goods.

6 0
4 years ago
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