Bread lines were common during the Great Depression when the government at that time failed to properly tackle the problem of unemployment because of their commitment to balanced budgets, regardless of whether they operated in a free trade or protectionist context. Bread lines resolve the problem by offering free meals to the hungry.
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Answer:
$1.60
$2.88
Explanation:
To find the selling price of the distributor and the retailer, we first need to find how much the distributor sells each pack of cards.
To find the selling price we use the formula.
Selling Price = Cost + Markup
Cost = $0.80
Markup rate = 100% or 1
Selling Price = 0.80 + (0.80*1)
Selling Price = $1.60
So the distributor sells each pack of cards at $1.60 to the retailer.
Now to find the selling of the retailer, we need to use the selling price of the distributor.
Cost = $1.60
Markup rate = 80% or 0.80
Selling price = 1.60 + (1.60 * 0.80)
Selling price = $2.88
So the retailer sells each pack of cards at $2.88 to the customers.
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Answer: This is a true statement!
I hope this helped!
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Calhoun argued that the US Constitution was based on a pact by 13 sovereign states.