Yes. Without taxes there would be nothing for the lower class. I do agree that higher class should pay more taxes while other classes pay less
When the supply of loanable funds shifts its position to the left, interest rates will rise because loanable funds will be more scarce.
Keeping demand constant, a shift to the left in the supply of loanable funds raises interest rates while decreasing the total quantity of loanable funds available.
The demand curve for loanable funds is sloping downward, indicating that when interest rates are low, borrowers will demand more funds for investment. The supply curve for loanable funds is upward sloping, indicating that lenders are willing to lend more funds to investors at higher interest rates.
Deficits reduce the supply of loanable funds; surpluses increase the supply of loanable funds; and surpluses shift the supply of loanable funds.
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Answer:
Country A
Explanation:
Country B is near the equator which means that it has warmer more regulated tempatures than A
According to historical accounts, silk production eventually ended and cotton production started instead because:
"Georgia’s climate was not good for silkworms but was good for growing cotton."
- This is evident in the fact that silkworms are very susceptible to tough Georgia temperatures.
- Silk production was profitable around the middle of the 18th century, and England decided to enter the market and compete with other Europeans such as French and Italian.
Hence, in this case, the correct answer is option B. "Georgia’s climate was not good for silkworms but was good for growing cotton."
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