He claimed land most of Canada (he found some parts of Canada) and he also found some on Iceland. He would use them for land (like houses)
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. ... After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. In all, 9,000 banks failed during the decade of the 30s.
( Note : this was taken from a source )
I hope this helped out, have a nice day! :)
The answer depends on a crucial information that it is not provided, the purchasing power of those potential customers, but it still it is possible to reason how the demand and supply of membership would work.
- Surplus of memberships would take place when in the gym market there is a shortage of demand. This situation occurs when there are less customers willing to purchase the product at 45$ than the number of memberships that are available. To claim if this is the case in the example we would need to know the structure of the demand function in this market.
- Shortage of memberships takes place when in the gym market there is a excess of demand. The price is afforded by a number of customers which exceeds the amount of memberships available. Therefore, some rationing mechanism would be necessary to fix who will get the membership and who will not. Again, it would be necessary to know who the demand function works.
<span> The government exerts complete control over citizens’ lives.
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A totalitarian regime is that which employs a system of governance that is centralized and dictatorial and requires complete subservience to the state. the state controls all aspects of citizen and most notably curtails on liberties and rights.
