Money that you owe is known as debt. A. True B. False

Explain why the colonists often governed themselves and what freedoms they enjoyed in the colonnies

Lisa [10]

It was in essence, a social contract in which the settlers consented to follow the compact's rules and regulations for the sake of survival. Thus, the colonists sincerely believed that they had the right to govern themselves, being separated from Britain by an ocean and having founded an entirely new society.

4 0

2 years ago

How did the North use the cotton that was produced by the Southern states?

Kruka [31]

Answer:

When the southern states seceded from the United States to form the Confederate States of America in 1861, they used cotton to provide revenue for its government, arms for its military, and the economic power for a diplomatic strategy for the fledgling Confederate nation.

Explanation:

5 0

3 years ago

If the Earth was formed billions of years ago, then why is this year still called as 2020?

Alexandra [31]

The full name for our year is 2020 A.D., which stands for Anno Domini or "in the year of our Lord". This began at the birth of Christ. So, when we say we're in the year 2020, what we're really saying is that it's been 2020 years since the birth of Christ.

5 0

3 years ago

Read 2 more answers

Explain three long terms results that occurred due to the Treaty of Versailles ??

ycow [4]

The Three Long term results that occurred due to the Treaty of Versailles would be following:

A) It imposed reparations on Germany and reduced both its land and population.

B) It placed limits on the German military meant to reduce the possibility of further German aggression.

C) It left Germany with sufficient political unity and economic vitality to enable its conquests during the Second World War.

6 0

3 years ago

What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? Explain why, if this rule

valentinak56 [21]

The optimality condition in the consumer's choice between two goods is the following

 $MRS_{x,y}= \frac{MgU_x}{MgU_y} = \frac{P_x}{P_y}$ 

The ratio of the marginal utilities is called the Marginal Rate of Substitution between goods x and y, and it arises from the preferences of the consumer towards the two goods. The MRS establishes the rate at which this consumer can give up a certain quantity of good x in exchange for another amount good y, while maintaining the same level of utility (it establishes the units of good x that would satisfy the consumer if he had to reject a certain number of units of y, given his personal preferences).

When MRS is equaled to the price ratio, it allows to calculate the bundle of goods x and y, that provides the maximum utility to this consumer given the market prices of x and y, which means that the solution provides the highest-utility bundle that he can afford.

If the rule does not hold, the choice might be either suboptimal or impossible. When the result is suboptimal, the consumer acquires a bundle that he can afford but that is not the one yielding the maximum utility. If the result obtained is impossible, the consumer cannot afford the bundle, even tough it yields very high utility to him.

3 0

3 years ago