Answer:
Explanation:
William Kieft hatched the plan to hold a long dinner party for men and women who came to the new land. The dinner was long, and when into the night.
<u> During the party, in the deep night, the murder of 120 Native Americans occurred in the background. They were killed in their sleep in the area around today's New Jersey.</u>
<u>This hatched plan that Kieft had has stayed written down in history as the Pavonia Massacre.</u>
Consumers usually make up the majority of a free market economy. Their role is spending. If there is a lack of spending of the consumer the free market suffers. If the spending decreases to much then it can cause a recession or a depression. The the government also usually keeps track of the consumer spending and use it as valuable information in seeing how stable the economy is .
Answer:
To reduce the debt, the country could raise taxes and/or cut spending. These are two of the tools of contractionary fiscal policy, and either tactic could slow economic growth. Spending cuts come with pitfalls thoughExplanation:
Answer:
Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay for it, you have no effective demand.
What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. A rise in price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a fall in price will increase the quantity demanded. When the price of a gallon of gasoline goes up, for example, people look for ways to reduce their consumption by combining several errands, commuting by carpool or mass transit, or taking weekend or vacation trips closer to home. Economists call this inverse relationship between price and quantity demanded the law of demand. The law of demand assumes that all other variables that affect demand (to be explained in the next module) are held constant.
