<em>Answer: In economics, the law of increasing costs is a principle that states that to produce an increasing amount of a good a supplier must give up greater and greater amounts of another good. ... If the economy is at the maximum for all inputs, then the cost of each unit will be more expensive.</em>
Answer:
A) Alter its own spending, taxes, and/or the amount of money in circulation.
Explanation:
In situations of economic warming and inflation the government can act to influence citizens' spending to cool down economic activity to lower inflation. Inflation is a monetary phenomenon caused by excess currency in the economy. Thus, the government can reduce its spending, because it is an important player, which makes government consumption has a significant weight in economic warming. In addition, the government can take steps to curb citizen consumption through restrictive policies such as raising taxes. Finally, the government may sell government bonds to wipe out the monetary base. When the government sells bonds, people stop consuming at present to earn future income from public bonds. Thus, the government causes the money in circulation to decrease.
Answer:
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Answer:
Prejudiced action against a group of people.
Explanation:
In the chapter "Race and Ethnicity", the term discrimination has been defined as 'actions against a group of people.' The difference between prejudice and discrimination has been discussed in terms of thoughts and actions. The ills of discrimination tend towards forming the background of many social problems. Discrimination is largely analyzed on race and ethnicity which gives birth to unfair practices. Many anti-discrimination laws have been implemented to culminate discrimination.
