Answer:Substitution effect is greater than Income Effect
Explanation:
When there is increase in supply of labor as the wage rate increases then substitution effect dominates over Income effect.
on the other hand, When supply of labor decreases as the wage rate increases then income effect is stronger than substitution effect.
Here in this case with the increase in wage rate there is an increase in working hours. Therefore Substitution effect is greater than Income Effect
Answer:
Mercantilism.
Explanation:
Mercantilism is a set of ideas, a system which was quite popular in Europe in the 17th and 18th century.
Some of its basic principles are:
- increasing export while decreasing import
- which should enable accumulation of capital in the form of gold and silver
- strong agriculture that would decrease the need for import
- using colonies for gaining cheap resources and for selling the final products.
Many of late-18th century philosophers and economists criticized mercantilism pointing out its flaws and limits, so today it is considered an outdated system.
The answer is Slovakia and Czech
Answer:
It added stability to the roman empire
Explanation:
Answer:
none.
Explanation:
religion has to do with a singular person's belief. the government should have no say in how a person should think or believe.