Answer:
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.
In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.
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Answer:
A. Federal law always supercedes state law.
Explanation:
Gibbons v. Ogden was a Supreme Court case which held that the Congress of the United States of America had authority, jurisdiction and power to regulate any interstate commerce with respect to the Commerce Clause of the Constitution.
In New York city, the state legislature granted a monopoly to Robert R. Livingston and Robert Fulton an exclusive navigation rights or privileges of operating on all New York state waters with boats that are being moved either by steam or fire, for a time frame of thirty (30) years. Aaron Orgedon was the governor.
In Gibbons v. Ogden (1824), the Supreme Court under Chief Justice John Marshall, ruled that in business disputes, federal law always supercedes state law. It held that the permission granted to the state, New York city was monopolistic and as such was not permitted.
Answer:
It describes that chimpanzee is mostly dependent on fruits as food and very rarely dependent on miscellaneous items.
Answer:
B
Explanation:
Fertile land for farming and herding is correct
Answer:
Explanation:
Explanation:
Been specific to western societies, these were some of the big game (wild animal) hunters:
1. Philip Percival: he lived in Kenya as a safari guide during his career as a hunter.
2. Theodore Roosevelt: he later served as the 26th President of the United States, but was also a big game hunter who lived in the United States.
Some others include Ernest Hemingway, Bror von Blixen-Finecke, Major Percy Horace Gordon Powell-Cotton.
