Answer:
The former empire of Austria-Hungary was dissolved, and new nations were created from its land: Austria, Hungary, Czechoslovakia, and Yugoslavia. The Ottoman Turks had to give up much of their land in southwest Asia and the Middle East. In Europe, they retained only the country of Turkey.
Explanation:
Effort is the expectation that successful performance of the task will lead to the desired outcome.
<h3>What is an Effort?</h3>
An Effort is any physical or mental activity that is carries out to achieve a goal or it is an attempt by some to carry out a task that is difficult or that involves hard work.
Effort also refer to hardwork in order to achieve a desired outcome.
Therefore, Effort is the expectation that successful performance of the task will lead to the desired outcome.
Learn more about Effort below.
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Pedro is a Keynesian economist and argues that in a downturn, state intervention is the key for economic recovery.
Keynesians believe that GDP (Gross Domestic Product) is positively influenced by aggregate demand. Hence, in order to boost GDP growth after a downturn, the state should step in the economy by increasing public expenditure. This will help to create job positions, increase the disposable income of households and therefore increase overall demand for goods and services.
If more goods and services are demanded, the same cycle restarts as firms would hire more staff in order to increase production to a greater extent to meet the new necesities. The more people who is employed, the more income avilable to continue increasing private expenditure and investments, which in turn GDP and bring economic growth.
<em><u>To make it clearer, the following is the GDP formula for a certain time period</u></em>
<em>GDP = Private Consumption + Private investment + Public expenditure + Exports - Imports </em>
Some colonists resorted to smuggling because it offered a way they could avoid the restrictions placed on trade by the British. Restrictions were placed on what the colonies could manufacture, whose ships they could use, and most importantly, with whom they could trade.
British merchants wanted American colonists to buy British goods, not French, Spanish, or Dutch products. In theory Americans would pay duties on imported goods to discourage this practice. The Navigation Act and Molasses Act were just two examples of royal attempts to restrict colonial trade.
Smuggling is the way the colonists ignored these restrictions.