Yes! The second president was John Adams.
Monetary policy involves changing the interest rate and influencing the money supply, while fiscal policy involves the government changing tax rates and levels of government spending to influence aggregate demand in the economy.
Answer:
Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off. Pareto efficiency implies that resources are allocated in the most economically efficient manner, but does not imply equality or fairness. An economy is said to be in a Pareto optimum state when no economic changes can make one individual better off without making at least one other individual worse off.
Pareto efficiency, named after the Italian economist and political scientist Vilfredo Pareto (1848-1923), is a major pillar of welfare economics. Neoclassical economics, alongside the theoretical construct of perfect competition, is used as a benchmark to judge the efficiency of real markets—though neither perfectly efficient nor perfectly competitive markets occur outside of economic theory.
Plurarity system is the electoral principle in which the
candidate who polls more ballots than any other contender is designated. It is eminent
from the majority scheme that for a candidate to triumph, the candidate must obtain
extra votes than all other candidates collectively.
It changed peoples lives by making transportation faster and by making long range shipping easier.<u><em>Brainiest Please!</em></u>
