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THE CORRECT ANSWER IS <span>The presence of formal labor organizations in the united states dates back to the LATE 1700S
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Answer:
There was a U.S corporation called El Pupo that specialized in trafficking bananas. Bananas reached America in the early 1500’s. By the end of the 1800’s, bananas were a big hit in the U.S. Because U.S fruit companies wanted to grow their own bananas, they bribed government officials into giving them access to various lands. Rainforests were cleared, plantations were built, and the business escalated from there. Explanation: For anybody who still needs it. I got a 10/10. Just switch the words around a bit and you should be good.
Answer:
A. Firewalls
Explanation:
Took the test and guessed it correctly
Answer:
A) the marginal buyer's willingness to pay for the 100th unit of the good is $25.
Explanation:
Microeconomics basically works on the margin, it studies marginal costs, marginal revenue, marginal prices, marginal demand, marginal supply, etc. The margin measures the effect of one additional unit: either sold, consumed, produced, etc.
In this case, the marginal price of the 100th unit of the good is $25, that means that a buyer (you can call him a marginal buyer) will be willing and able to pay $25 for that specific unit of the good.
That doesn't mean that the price of the good is constant, both the supply and demand of goods are curves, because the marginal demand constantly changes depending on the marginal price and the marginal utility produced by consuming the extra unit of the good. On the other hand, the marginal changes depending on the marginal costs of producing that good, and the marginal revenue expected to be earned by selling that additional unit.
The combination of fiscal policy actions that would be most contractionary for an economy experiencing severe demand-pull inflation is an increase in taxes and decrease in government spending.
<h3>What is a
demand-pull inflation?</h3>
Basically, an inflation refers to a general rise in the price of goods in an economy. The demand-pull inflation causes am upward pressure on prices due to shortages in supply, a condition which the economists describe as "too many dollars chasing too few goods." As well, an increase in the aggregate demand can also lead to this type of inflation.
In Keynesian economics, the increase in an aggregate demand may be caused by a rise in employment, as companies need to hire more people to increase their output. A strict labor market means a higher wages, which translates into greater demand. The demand-pull inflation can be compared with cost-push inflation.
In conclusion, the appropriate fiscal policy for an economy experiencing severe demand-pull inflation are to reduce government expenditure, increase taxes, or implement both.
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