Problem with using commodity money in the us colonies prior to 1700 Very few people were willing to accept commodities as payment.
British creditors feared charge in a currency of such fluctuating cost and to alleviate their fears the colonies have been prohibited from printing more paper cash. This brought about the cost of current paper money to plummet. This jolted a colonial economic system already suffering a surge in populace and could not be contained.
Colonial people complained that gold and silver coins were chronically scarce. those coins could be received simplest thru importation. Given unrestricted change in specie, marketplace arbitrage must have eliminated continual shortage.
Commodity cash is money whose fee comes from a commodity of which it's miles made. Commodity cash includes gadgets having cost or use in themselves as well as their value in shopping for items.
Learn more about commodity money here:- brainly.com/question/24199263
#SPJ4
I believe the answer is: Audiences
Audiences refers to the people who gathers together in order to watch a certain event. This word could applicable not only to sport, but also art related event such as drama and opera , or social event experts' public discussion, political speech, etc.
I think compel specific actions such as paying damages or issue an junction to prohibit something from being done.
Answer:
In the short term, we can expect an economic imbalance, with a decrease in the oil supply.
Explanation:
In relation to oil, a balanced economy means that the amount of demand for oil is equal to the amount of oil supply. In this case, the price of the oil becomes stabilized and fair in relation to demand and supply. However, if the demand for oil starts to increase disproportionately in relation to the oil supply, it will cause a disproportionate increase in oil prices. In the short term, this generates an economic imbalance and causes the supply of oil to be reduced, in order to avoid the scarcity of the product. The disproportionate increase in price causes consumers to lose interest in the oil, causing the demand for the product to fall.
Demand is consumer demand and supply is the amount of product that a company can provide.
