The buffalo was important to the Indians because: Buffalo hide could be made into clothes, covers or tipis (or tepees). In this way the buffalo provided coverings to keep them warm and was also used to make their homes.
The buffalo is the very sources of life for the plains Indians. From the buffalo they got meat for food, skins for tipis, fur for robes, and anything else was for tools and things needed for everyday life. ... Bones, hooves, insides, horns, and hides. Even the buffalo's dung was used to make fuel.
The Sioux Indians used the entire buffalo following a kill. The buffalo hide was used for making tepees, clothes, moccasins, and robes. The hair was used to make rope and the horns were used as cups and dishes. Children fashioned sleds out of buffalo ribs, and buffalo fat was used as glue.
The intersection between the supply curve (an upward sloping function) and the demand curve (a downwardsloping function) determines the equilibrium point of a market. The equilibrium is the point which represents the exact market price and quantity demanded/supplied at which the wishes of consumers and suppliers meet.
<u>When the market is not in the equilibrium point</u>, two different situations could be happening:
- Excess demand: this is a situation in which the market price is located below the equilibrium price. The quantity demanded at that market price would exceed the amount that the producers are willing to produce and supply at that same price. Therefore, not all consumers are able to obtain the product they desire and there is rationing.
- Excess supply: at a certain price located above the equilibrium, the quantity that suppliers are willing to produce exceeds the amount demanded by consumers at that more expensive price. Therefore, suppliers would not be able to sell their whole production in the market.
Which of the following describes one of the Mongol Empire's major economic accomplishments?
A. The Mongol Empire was the first large state to introduce paper money.
B. The Mongol Empire plundered the territories it captured, devastating the economies of entire regions.
C. The Mongol Empire was led by rural farmers and converted its conquered territory to farmland.
D. The Mongol Empire guarded roads carefully to promote trade throughout its territory.
The answer is D.
Answer:
Private property promotes efficiency by giving the owner of resources an incentive to maximize its value. The more valuable a resource, the more trading power it provides the owner of the resource. This is because, in a capitalist system, someone who owns property is entitled to any value associated with the property.
Explanation:
I m not sure but I think France due to the colonial history with the region.
