Answer:
B. Surplus value
Explanation:
Surplus-value can be defined as the extra amount that remained after deducting the amount raised through the sales that was made from the sales of a product from the actual amount used in producing that product.
Therefore SURPLUS VALUE can equally be seen as the surplus amount which workers or labourers received in excess of their own labor cost especially when the product produce generate more profit which is why SURPLUS VALUE is vital to capital owners in terms of consumption due to the large amount of capital that is been accumulated.
Hence, the higher the SURPLUS VALUE the higher the net income will be.
The correct answer is: High inflation
Expansionary policy is a fiscal policy that involves the government seeking to <u>increase higher government spending and lowering taxes</u> in order to increase output in the economy because of an increase in aggregate demand.
However, if an expansionary fiscal policy is not kept in check, it could result in the policy being financed by constant printing of money and thus massive inflation will occur.
Answer:
Perfect competition
Explanation:
The widget market is best described as a perfectly competitive market. A perfectly competitive market is a type of market without restriction in entry and exit, it is characterized by many sellers of similar products and buyers and there is perfect information about the price of goods. In a perfectly competitive market, due to the free entry and exit, no single producer has an influence over the price of goods. In the long-run, in perfectly competitive market, there is no economic profit because more producers will enter the market if it is profitable thus bringing about competition which will cause average revenue to equal average cost in the long run.
Well, if you're talking about their attempts at apealling to Parliament, then they were not successful. When they resorted to larger and illegal ideas, like dumping the tea, they were much more successful. And since they won the war, I would say they were pretty successful.