The answer should be the <span>Glorious Revolution. This revolution is also known as the </span>Bloodless Revolution. Not a single ounce of blood was shed.
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The New Testament is the document that standardized Christian beliefs.
New Testament is the second part of the Bible, which talks about Jesus and his miracles in more detail.
Supply and Demand Effects farmers in various ways:
- Demand Increase: Price increases, Quantity increases.
- Supply Increase: Price decreases, Quantity increases.
- Demand Decrease: Price decreases, Quantity decreases.
- Supply Decrease: Price increases, Quantity decreases.
<u>Explanation:</u>
Supply and demand, as well as market prices, will rise and fall until they achieve a balance, which is called market equilibrium. As a response to decline the sales, farmers will have to lower the prices until the demand for product increases.
If a farmer set a price which is too high, thus the demand will decrease. If the market price is high, the interest of producers for a certain product or service will increase.
It shows the great levels of prejudice against immigrants. Even though there was no evidence showing that Sacco and Vanzetti murdered the man, the jury ordered them executed, reflective of the anti-immigrant sentiment.
In his most famous work, Wealth of Nations, Adam Smith discusses how the economy benefits tremendously when individuals focusing on self interest rather than the general interest of society.
The idea of self-interest revolves around an individual making a decision based on what is best for them on an individual basis. Smith argues that this is the most beneficial method because individuals would focus on making as many goods as possible to sell. This would benefit society as a whole, as there would be enough resources for everyone
. Along with this, focusing on your own financial gain will inadvertently help everyone. In order to have a successful business, you must keep your prices competitive. These competitive prices allow the business owner to have success while also giving the best deal to the consumer.
