Answer:
Perfect competition is a market structure where many firms offer the same product. An example of perfect competition is the Agricultural market. There are several farmers selling the same products to the market, and many buyers. At the market, it is simple to compare prices of products. Ergo, agricultural markets often get close to perfect competition.
Explanation:
Answer:
It was supposed to pay the debt from the war with France.
Explanation:
Answer:
6-8 years old
Explanation:
According to my research on child development studies, I can say that based on the information provided within the question the age range being described in the question are children between ages 6-8 years old. This is because in this age range children have acquired enough knowledge to know right from wrong and learn how to make certain decisions in different situations by themselves.
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The settlers became successful farmers and built housing and factories. Unfortunately, the Native Americans lost their land and had to live on small reservations. In conclusion, the Westward Expansion led to America becoming a superpower.
Answer and Explanation:
Given equation C = $600 billion +0.9Y
Where c = total consumer spending
$600 billion = consumer autonomous spendinf
0.9= marginal propensity to consume(mpc)
Y= income of consumers
A. Marginal propensity to consume(MPC)= 0.9 from equation given
B. Autonomous spending which is spending that is constant =$600 billion from equation given
C. Using equation of consumer spending above, C= $600 billion+0.9Y
With $4200 billion in income, consumers spending =$600 billion+0.9*$4200 billion
=$4380 billion
D. Savings= consumers income-consumers spending= $4200 billion-$4380 billion= -$180 billion
Therefore there was a deficit not saving
