Answer: Diamond producer restrict diamond quantity supply to certain limit in market
Explanation:
Diamond is a precious gem stone that used for making jewelry pieces and other related items.It is also used for making diamond ring but there is scarcity of it in market as it is an expensive thing and many people are ready for paying lot of amount for it .Thus, producer of diamond limit its supply quantity in market
Other options are incorrect because diamonds are not less common in market than other gems, demand is not extensively high in market and neither it faces monopolistic competition.
Answer:
from roads to canals to railroads
Explanation:
Better transportation infrastructure or transportation revolution in the early 19th century begins when people started crude roads instead or horses or river routes and then canals were built. After canals long the railroads crisscrossed the country that helped people and goods to move with greater efficiency. These technological developments in travel during the 19th Century connects the world and affects the national economy at high level.
Hence, the correct answer is "from roads to canals to railroads".
Answer:
Albert Einstein quote is explaining that there are some things, that are extremely important for human beings, but that are not easily quantifiable.
This relates to GDP in the sense that GDP is only a measure of the monetary value of all final goods and services produced within an economy in a given year. While GDP can shed some light on a country's economic health, very important things for social well-being are not included in the GDP calculation.
This makes GDP only a partial measure of social well-being, that should be analyzed carefully when making conclusions about the economy and health of a nation.
Answer: Reducing taxes.
Under an expansionary taxation policy, the government tries to stimulate economic growth by reducing taxes.
Explanation:
Expansionary policy refers to a form of monetary policy in which the government spends more or taxes less. The government expands the money supply faster than usual or lower / reduces the short-term interest rates. It is usually enacted by central banks because it is a powerful tool.
Taxes are compulsory levies imposed by the government on individuals in the country. Taxes are used to raise revenue for government expenditure and also for provision of infrastructures such as good roads, electricity, education, good sewage system and so on.
