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An indifference curve describes how a consumer is indifferent to goods and services and its various combinations at a given total earnings. Demand and consumption forms the primary base of the indifference curve and the curve is usually drawn from the position of the customer involved.
PPC means production possibility curve and it helps in the enlightenment of the production possibilities of two different set of goods. Production, technology and available resources forms its primary base and the curve is usually drawn from the position of an economy in perspective.
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B: Northerners will fight to end slavery.
First, a representative sponsors a bill. The bill is then assigned to a committee for study. If released by the committee, the bill is put on a calendar to be voted on, debated or amended. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.
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The economic principle that was most dominant was that of mercantilism. It was an economic theory where it was believed that in order to become the strongest nation, a country has to have production at highest possible levels, all so as to prevent others from exporting into the country that is producing.
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Explanation:
The primary difference between these accounts is that a checking account's funds are your own money from deposits and a credit card account's funds are money loaned to you from the card's bank. This means that purchases made with a credit card can incur interest since it's borrowed money.