Answer:
Option D: Burr's belief that Hamilton had slandered him.
Explanation:
The duel stemmed from a history of animosity between both men over the years. The existing personal animosity and personal bitterness between both individuals came to a head in the run-up to the governorship election in New-York in 1804.
The Albany Registrar published a letter sent from Charles Cooper to senator Philip Schuyler which referenced a statement made by General Hamilton describing Colonel Burr as being a dangerous and despicable human being incapable of running a government.
The ensuing duel was as a result of this defamation.
Answer: Most economist believe that prices are flexible in the long run but many are sticky in the short run.
Explanation:
Prices are sticky in the short run because producers and buyers take time to adapt to new situations. If there is a shortage of butter, lets say, the economic theory says that the prices will rise because there is less butter ( ceteris paribus = all the other factors remain constant). Actually, buyers and suppliers need time to adapt to the new situation. However, in the long run buyers and suppliers have time to adapt to new situations so prices become more flexible.
<span>Then the private benefit from consumption
will will not be the same as the social benefit from consumption.</span>
An externality is the impact of a buy or choice on a man group who did not have a choice in the occasion and whose interests were not considered. Externalities, at that point, are overflow impacts that fall on parties not generally engaged with a market as a maker or a buyer of a product or service. Externalities can be negative or positive, and externalities can come about because of either the production or the utilization of a good, or both.
Answer:
a. GDP will increase
b. No effect on GDP
c. GDP will increase
d. GDP will increase
e. GDP will rise
Explanation:
Gross domestic product is the total monetary value of all the finished goods produced in the country during a specific period. When a new house is constructed it will create value for the economy and GDP will rise but when an old house is resold again there is no addition in the monetary value so there will be no effect on GDP.
The fundamental belief behind the market-oriented US economy is that firms are in the best position to know if their actions will cause antitrust laws to be being broken and allow them to work more efficiently. This is further explained below.
<h3>What is an
Economy?</h3>
Generally, the status of a country in terms of commodities and services production and consumption.
In conclusion, Firms are in the best position to ascertain the effect of their actions on the economy.
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