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OLga [1]
3 years ago
6

According to class discussion, what was/were the principal commodity that spurred European interest in Asia?

Social Studies
1 answer:
ruslelena [56]3 years ago
6 0

Answer:

The answer is SPICES

Explanation:

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A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, rega
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Answer:

C. aggregate demand

Explanation:

AS curve:

It is described by the allocative efficiency curve, reflecting the relationship between price levels and the amount of production that companies are willing to provide. The correlation between allocative efficiency and market price is usually positive.. A vertical AS curve indicates that the aggregate supply level will decide the economy's actual GDP, independent of the level of aggregate demand.

Therefore the answer is C.

C. aggregate demand

5 0
4 years ago
One assumption of the perfectly competitive model is free entry and exit. this assumption most directly leads to the implication
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One assumption of the perfectly competitive model is free entry and exit. this assumption most directly leads to the implication that positive economic profit is only possible in the short run.

Profit is the difference between the return an economic agent earns from its output and the opportunity cost of its input. It equals total revenue minus total costs (including explicit and implicit costs).

Economic profit or loss is the difference between the revenue from the sale of output and the cost and opportunity cost of all inputs used. Opportunity cost and explicit cost are subtracted from earned revenue when calculating economic profit.

Learn more about economic profit here: brainly.com/question/24477585

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5 0
2 years ago
Which of the following is true? Mark all that apply. A hypothesis can be proved incorrect through experiment. Conclusions cannot
Advocard [28]
The first one is correct and the second is not
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3 years ago
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How was Calvinism connected to increased interest in government reform?​
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Answer:

Calvinism had great influence throughout the world and as a result of this, there were many supporters to back up and vote in favor of chauvinistic ideas. As more governments were becoming democratic, more votes made more of the decisions.

Explanation:

I don't know a whole lot of Calvinism but this is the best I could do in 10 minutes

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