Answer:
The cross-price elasticity is - 0.8.
Explanation:
The price of antique furniture increased by 10 percent and the quantity demanded decreased by 30 percent, and with no change in the price of refinishing products, the quantity of refinishing products demanded decreased by 8 percent.
The cross-price elasticity of demand measures the change in the demand for a product due to a change in the price of a related good. Negative cross-price elasticity means the goods are complements. Positive cross-price elasticity implies that the goods are substitutes.
Cross price elasticity
= 
= 
= - 0.8
The cross price elasticity is negative which means that the goods are complements.
Answer:
The Spanish-American War influenced the emergence of the United States as a world power in two key ways:
Explanation:
The first way is that it showed the military prowess of the U.S., a relatively young nation at the time (a little over 100 years old), against a much older nation, Spain, that had been a world-encompassing empire just a century earlier.
The second way is that it gave the United States possession of some of its first territories or colonies: Cuba, Puerto Rico, and the Phillippines. These made the United States an Empire, that had colonies just like the old European Empires like Britain and France.
The European nation, Spain, controlled Florida in 1803
<span>Analysts often refer to the three V’s when describing characteristics of big data.
The three V's when describing characteristics of big data are:
- Volume (the amount of the data)
- Variety (the number of types of the data)
- Velocity (the time that we need to process the data)</span>
The system with the highest level of government control is the communism economic system because it’s where the government has full control over allocation and distribution. Plus the government owns all or most enterprises
