Answer:
Obama's foreign policy was a bit more conciliatory toward certain countries than that of his predecessor, however, Obama also intervened militarily in other countries like his predecessor did in the past.
For example, Obama sought peace agreements with Iran and Afghanistan, while Bush was much more aggressive against these countries.
But Obama also intervened with the American military in Libya and Syria, two countries that were civil wars that have not ended yet.
Another thing to highlight is that Obama tried to normalize relations with Cuba, while Bush was much more aggresive against the Island.
The intersection between the supply curve (an upward sloping function) and the demand curve (a downwardsloping function) determines the equilibrium point of a market. The equilibrium is the point which represents the exact market price and quantity demanded/supplied at which the wishes of consumers and suppliers meet.
<u>When the market is not in the equilibrium point</u>, two different situations could be happening:
- Excess demand: this is a situation in which the market price is located below the equilibrium price. The quantity demanded at that market price would exceed the amount that the producers are willing to produce and supply at that same price. Therefore, not all consumers are able to obtain the product they desire and there is rationing.
- Excess supply: at a certain price located above the equilibrium, the quantity that suppliers are willing to produce exceeds the amount demanded by consumers at that more expensive price. Therefore, suppliers would not be able to sell their whole production in the market.
Answer:
The founder of the Byzantine Empire and its first emperor, Constantine the Great, moved the capital of the Roman Empire to the city of Byzantium in 330 CE, and renamed it Constantinople. Constantine the Great also legalized Christianity, which had previously been persecuted in the Roman Empire.
It’s true because I had this in my exam today and I got it right
