<span>B. If marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.</span>
Answer:
The North was industrialized, while the South was more agricultural.
Explanation:
The North had many factories and didn't have many slaves. The South had many plantations and many slaves. This difference was part of the reason the Civil War started.
The US government played a huge role in the American economy during World War I. One way in which they controlled the economy was through the War Industry Board. This government agency monitored the production of war related goods and raw materials as well as being able to tell companies how much of a product they needed to make. This agency even had the power to fix prices if they saw it as necessary.
Another group that was critical during this time was the war labor board. This agency worked to settle labor disputes between business owners and workers. This agency was critical, as any strikes by labors in important industries could greatly affect the resources available for the US military.
Lastly, the US food administration was another key government group that helped during the war effort. This agency focused on increasing agricultural output (aka food) and reducing the amount of waste. This group used advertisements to encourage American citizens to cut back on food such as bread so that there were more resources available for the war effort.
They include "We the People" to show that they speak on behalf of not only themselves, but everyone in the US
The correct answer is the following: <em>option A. The significance of the Long Parliament was that its struggles with Charles I led to the English Civil War.</em> Charles I was the monarch who summoned both Short and Long Parliaments in 1640 due to the fact he needed to raise money to wage the second Bishop's war against the Scotts. But when the Parliament started taking down the King's advisers, passed an act stating it was forbidden its dissolution without members consent, the friction between the Parliament and Charles I started to increase.
In January 1642, Charles I tried to detained 5 members of the Long Parliament. A year later in the midst of the tension between them both, the English Civil War broke out.
