They probably feel angry because back in England they wouldn`t dare to commit treason and they were hurt by the lack of respect the colonists showed their country.
Pedro is a Keynesian economist and argues that in a downturn, state intervention is the key for economic recovery.
Keynesians believe that GDP (Gross Domestic Product) is positively influenced by aggregate demand. Hence, in order to boost GDP growth after a downturn, the state should step in the economy by increasing public expenditure. This will help to create job positions, increase the disposable income of households and therefore increase overall demand for goods and services.
If more goods and services are demanded, the same cycle restarts as firms would hire more staff in order to increase production to a greater extent to meet the new necesities. The more people who is employed, the more income avilable to continue increasing private expenditure and investments, which in turn GDP and bring economic growth.
<em><u>To make it clearer, the following is the GDP formula for a certain time period</u></em>
<em>GDP = Private Consumption + Private investment + Public expenditure + Exports - Imports </em>
Answer:
D: United States
Explanation:
Absolute advantage means (in basic terms) who can produce a product at lower costs.
Here it is shown that the United States needs far less worker hours to produce oil which means (without wages given) that it can be assumed that the United States produces it at lower costs due to the lower worker hours.
Easy bro they helped from indian attacks they knew the roads or trails better and knew how to get across rivers and streams
