Queen Elizabeth died on March 24, 1603
theres no answer choices butttt there are 3effects that explain the law of demand.
Income effect - As the price of a good increases, people purchase less quantity because they are limited by the amount of income they earn. Since it's not allowed to change, they are forced to purchase less.
Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.
Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.
sorry its a long answer i dont mean to be that one person
Answer:
A strong and organized empire should also be able to have a strong and very organized army. This means they would most likely populate their frontier with settlers and station armies there to defend the frontier. The army would be a professional one made from highly skilled and dedicated soldiers that would be able to repel any opposing threat.
Latin America as a region has about twelve countries, and they all have various level of economies, however, South America can be considered as an export-based economy. Statistically, 10% of the world's agricultural product export comes from South America, with a different climatic region different crops are been harvested from all over the region each year, also it should be noted that South America dominates the global market in coffee production. The main exports from Latin America are agricultural products and natural resources such as copper, iron, and petroleum.
However, the differences in the economy of South America can be found mainly in the manufacturing sector, out of the twelve countries, 80% of manufacturing in Latin America falls on Argentina, Brazil, and Mexico.
This shows that Agricultural products drives the economy to a large extent, and all the countries in the region depend on agriculture to boost their economy, however, the maufacturing sector lies in the hand of about three to four countries.
