<span>There was debt from the war of 1812. </span>
The answer would be over production
I think you are referring to Mansa Musa. He was a king that had good intentions on giving out his gold but caused an economic crisis.
Answer:
This is False
Explanation:
The Industrial Revolution started in 18th Century England and saw an increase in manufacturing led by the Steam Engine and other technologies.
While this did give a rise to large factories, it should be remembered that modern electrical science only came into being in the 19th century.
Hence, the electricity as we know today came over a hundred years after the Industrial revolution began.
<u>Positive Economists'</u> purpose is to create an explanation of a certain economic phenomena.
These economists use statistics in order to find out the aggregate behavior of the people because of a certain economic decisions. From this, they can developed an understanding to explain the economic phenomena.
<u>The normative economists' </u>purpose is to find out whether a certain economic decision achieve its original purpose.
They used statistic as a quantitative measurements. They determine the goals of a certain economic policy and They compared the statistic before the economic policy was implemented to the condition after the implementation .
This will help them know whether the policy achieve its original goals.
For example. if a certain policy was created to reduce unemployment, normative economists will compare the data/statistic about the number of employment before and after the policy.
