Answer and Explanation: "On a map, the Fertile Crescent looks like a crescent or quarter-moon. It extends from the Nile River on Egypt's Sinai Peninsula in the south to the southern fringe of Turkey in the north. The Fertile Crescent is bounded on the west by the Mediterranean Sea and on the East by the Persian Gulf." - Fertile Crescent, History
the correct answers are “<u><em>raised tariffs</em></u><em>” </em>and <em>“</em><u><em>raised taxes. </em></u>
Because of the Great Depression, the government was eager to recover economically and set these two things as a manner to do so. But instead, the purchasing power has diminished and many entrepreneurs felt discouraged to start a business and beget more job opportunities for the population.
The term that is defined as the maximum legal price for a good or service is the price ceiling.
Explanation:
A price ceiling happens once the government puts a legal limit on how high the worth of a product may be. so as for a price ceiling to be effective, it should be set below the natural market equilibrium. When a price ceiling is about, a shortage happens. For the worth that the ceiling is about at, there's a lot of demand than at the equilibrium worth. there's additionally less offer than at the stability worth, therefore there's a lot of amounts demanded than the amount provided. Associate degree inability happens, since at the worth ceiling amount equipped the marginal profit exceeds the distinctive cost. This inefficiency is adequate to the deadweight welfare loss.
