Answer:
The cattle industry began in the far west and furnished the great plain areas with livestock. The cattle industry progressively lost its relevance because of the excessive westward expansion, resulting in competition for the industry. There was too much cattle, but not enough food and land to sustain such great populations of livestock.
Answer:
Natural resource - Land
Human resource - Labour
Capital good - Machine
Explanation:
An example of a natural resource is land, an example of human resource is labour, while an example of capital good is machine.
As industries continue to grow, the population in will continue to grow as well, either through increased migration or higher birth rate resulting from better economic fortunes. This population increase in population will put pressure on available resources of land, labour and machine. This will in turn cause a reduction in the rate of industrial expansion and growth, thereby slowing down economic activities. To respond to this, industries will have to make backward movement into the outskirts, where there is abundance in supply of factors of production (land, labour and machine).
Answer:
The answer is C. Development and use of model to test
hypotheses
Explanation:
Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.
Examples of Economic theories are
Classical economic theory
Keynesian theory
New Classical theory
New Keynesian theory
Look at the audience
and be confidents
Explanation:
Net purchases= Gross purchases- Returned inventory- Discount on purchases
= $10,300- $800- $360= $9,140
Ending inventory= Beginning inventory+ Net purchases- Cost of goods sold
Cost of goods sold= Beginning inventory+ Net purchases- Ending inventory
= $46,000+ $9,140- $34,500= $20,640
