This statement is WRONG.
The supply curve is an upward-sloping function that determines the relationship between price and quantity supplied. Therefore, if the quantity supplied changes, this would trigger <u>a movement along the curve (and not a shift!). </u>
- An increase in the quantity supplied corresponds to an increase in the selling price of the product. Producers are willing to supply larger quantities when the price is higher. This proves why the slope of the curve is positive.
- On the contrary, a decrease in the quantity supplied corresponds to a decrease in the price.
The correct answer is : China had been closed to most foreigners.
Deng opened China to foreign investment, the global market and limited private competition. He is credited with the development of China in one of the fastest growing economies in the world for more than 30 years and the rising standard of living of hundreds of millions of Chinese.
Answer:The interwar period in the United States, and in the rest of the world, is a most interesting era. The decade of the 1930s marks the most severe depression in our history and ushered in sweeping changes in the role of government. Economists and historians have rightly given much attention to that decade. However, with all of this concern about the growing and developing role of government in economic activity in the 1930s, the decade of the 1920s often tends to get overlooked. This is unfortunate because the 1920s are a period of vigorous, vital economic growth. It marks the first truly modern decade and dramatic economic developments are found in those years. There is a rapid adoption of the automobile to the detriment of passenger rail travel. Though suburbs had been growing since the late nineteenth century their growth had been tied to rail or trolley access and this was limited to the largest cities. The flexibility of car access changed this and the growth of suburbs began to accelerate. The demands of trucks and cars led to a rapid growth in the construction of all-weather surfaced roads to facilitate their movement. The rapidly expanding electric utility networks led to new consumer appliances and new types of lighting and heating for homes and businesses. The introduction of the radio, radio stations, and commercial radio networks began to break up rural isolation, as did the expansion of local and long-distance telephone communications. Recreational activities such as traveling, going to movies, and professional sports became major businesses. The period saw major innovations in business organization and manufacturing technology. The Federal Reserve System first tested its powers and the United States moved to a dominant position in international trade and global business. These things make the 1920s a period of considerable importance independent of what happened in the 1930s.
Explanation:
According to quizlet.com "North: factories, cities, small farms, immigration communities, no need for slavery, a house was the basis for northern power, more railroads<span>South: slave labor, plantations, cotton, few immigrants, senate basis for political power, few railroads"
Hope this helps.</span>
