The following items determine whether a good a service has elastive demand:
C. Availability of substitutes for a good or service
A. If the good is a necessity of luxury.
Answer:
They believed that communism was too totalitarian and wouldn't let people choose government. 2) The U.S. is a capitalist country, and so its prosperity depends on having people buy its products all over the world. In communist countries, there is no private property, so it cuts people off from buying products.
Explanation:
They believed that communism was too totalitarian and wouldn't let people choose government. 2) The U.S. is a capitalist country, and so its prosperity depends on having people buy its products all over the world. In communist countries, there is no private property, so it cuts people off from buying products.
Answer:
The answer is stated below.
Explanation:
The two distinct civilizations of East and West have left a deep impression on each other. Trade was the major reason for the Europeans to search the Eastern Asian nations and it has transformed the destiny of the people of these continents forever. The spice have a valuable market in the West and it had gathered huge profit for the traders. But whats became most significant was the exchange of ideas which help them to better understand the people of distant lands.
<span>Henry Clay, U.S. senator from Kentucky, was determined to find a solution. In 1820 he had resolved a fiery debate over the spread of slavery with his Missouri Compromise. Now, thirty years later, the matter surfaced again within the walls of the Capitol. But this time the stakes were higher -- nothing less than keeping the Union together.</span>
