<span>The Marginal Rate of Substitution refers to the rate the consumer is willing to trade for another good to maintain the level of satisfaction. It is described by ratio of prices. Maximum satisfaction is achieved when trade offs between two goods are equal. </span>
Answer and Explanation:
Factors of production are resources or inputs put into the production of goods and services. There are four factors of production. They are: land, labour, capital and entrepreneurship
Land is considered a non depreciablle factor of production. It refers to all natural resources or gifts of nature and income from it is called rent.
Labour is human capital or input in production example workers in a factory
Capital is man made goods utilized to produce other goods
Entrepreneurship/entrepreneur is the factor of production that organizes the other factors of production and carries the economic risk
From the example, the factors of production include:
The forest with all the wood which falls under land factor of production.
Bill who falls under labour factor of production
His father's chainsaw which falls under capital factor of production
Bill's idea to use logs of wood for Christmas tree business constitutes entrepreneurship and Bill is also the entrepreneur here. This falls under the entrepreneurship factor of production
Answer:
C. Post World War I.
Explanation:
The infamous Tulsa Race Massacre is an event that occurred from the night of May 31 to June 1, 1921, in the Oklahoma city of Tulsa. This horrific event lasted for 18 hours during which white mobs attacked and killed hundreds of black people and rendered thousands homeless.
This event would remain one of the worst incidents of racial discrimination in the history of America. A white mob gathered and then systematically attacked, destroyed, and killed black residents and damaged businesses owned by black owners in the residential Black Greenwood neighborhood of Tulsa. This event happened after the First World War (1914-18).
Thus, the correct answer is option C.
Answer:
Explanation:
The United Nations Security Council adopts Resolution 1267, creating the so-called al-Qaeda and Taliban Sanctions Committee, which links the two groups as terrorist entities and imposes sanctions on their funding, travel, and arms shipments. The UN move follows a period of ascendancy for al-Qaeda and its leader, Osama bin Laden, who guided the terror group from Afghanistan and Peshawar, Pakistan, in the late 1980s, to Sudan in 1991, and back to Afghanistan in the mid-1990s. The Taliban, which rose from the ashes of Afghanistan’s post-Soviet civil war, provides al-Qaeda sanctuary for operations.
