People will want to shop more and get more of the product if it's a lower price.
Writing on "<em>Generational Memory in an American Town</em>," John Bodnar discovers that the residents of Whiting in Indiana, after their experiences of the World War I, the great depression that followed, and how institutions cared for the people, recognized their obligation to be patriotic, fair, and benevolent by placing a high premium on collectivism.
- This point illustrates that the way a community acts in the present is reflective of their past experiences.
- Studies have confirmed that past experiences generate generational memory that affect subsequent generations.
- The studies confirm that past experiences may be passed on through the DNA.
Thus, a study of a community's generational memory is essential to enable better understanding of the history and present of a people or a community.
Read more about the role of DNA in passing generational memory at brainly.com/question/13232978
Also known as the ‘Alaskan Highway’ the Alcan was built during WW2. It was built to connect the us territory to the us through Canada. It was paved through incase there was an urgent need to get from one place to another through Military accompaniment. Now its a tourist destination.
Among blue-collar workers, a structural shift in China's economy, from ... The impact is pronounced in many of the hundreds of towns that ... As a local boss explains, “People simply won't pay more for a pair of socks.”
Answer:
Governments use normative economics, and businesses use positive economics.
Explanation:
Normative economics concentrates on the importance of economic equity, or what the marketplace 'should be' or 'ought to be' whether positive economics is based on experience and cannot be confirmed or disallowed, normative economics is established on worth judgments. An example of positive economics is, an increment in tax rates eventually results in a reduction in total tax wealth. On the other hand, normative economics is, unemployment hurts an economy more than inflation.
