Answer:
Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
Answer: a. the servers thinks demand for drinks and food is elastic.
Explanation:
Elastic demand is an economic concept that refers to the effect price has over the amount of a product consumers are willing to buy.
The law of demand affirms that the amount of purchases has an inverse relationship with the price, meaning that if prices rise, people won´t buy as much. The elasticity of demand allows us to estimate how much the purchases will decrease if the price increases, and vice-versa.
An item was a particularly popular thing to send back to Europe is: corn.
<h3>What is the Columbian Exchange?</h3>
The Columbian Exchange is sometimes referred to as the Columbian Interchange and it was named after the very popular voyager and explorer, Christopher Columbus.
During the 15th and 16th century, the Columbian Exchange typically involved the widespread movement of plants, commodities, crops, diseases, technology, cultures, people, and livestock (animals) across the following geographical regions:
- West Africa
- America
- The Atlantic
- The Old world (Europe, Asia, and Africa).
Based on historical records and information, Christopher Columbus was one of the first European citizen to discover corn, which also referred to as maize and he sent some across Europe.
Read more on Columbian Exchange here: brainly.com/question/10797988
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Answer:
National farm income fell from $16.9 billion in 1919 to only $5.3 billion in 1932
The correct answer is state-dependent memory
State-dependent memory refers to the phenomenon wherein people are able to efficiently retrieve memories if they are in the same psychological state as they were when the memory was first formed. An example of <span>state-dependent memory is recalling information readily during an exam because you are caffeinated during it, just like you were caffeinated when you studied and first formed memories of the information. </span>
