When industrial revolution happened, many businesses started to emerge in United States (mostly from the northern states)
As more and more businesses started to grow, the majority of people in united states started to become profit oriented and developed the mentality to take care of ourselves first before taking care of others. This creates a situation where the northern states started to maintain the distance with southern states because they simply did not see any benefit in acquainting with one another.
Answer:
In American history, the Fugitive Slave Acts were laws passed by Congress in 1793 and 1850 (and repealed in 1864) that allowed for the capture and return of runaway slaves who escaped from one state to another or into federal territory.
Explanation:
Answer:
Cohort effects
Explanation:
This is the effect of having been born in a certain time, period, region, or having the same life experiences has on a particular group.
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When there are not enough productive resources, the production possibility frontier (PPF) slopes downward, but when resources are distributed according to their comparative advantages, it bends outward. According to the law of rising opportunity cost, this allocation will likely result in an adverse outcome.
This is further explained below.
<h3>Hy is most production possibilities frontiers (PFS) for goods bowed outward (concave downward)?</h3>
Generally, The Productivity and Potential Frontier is sloping downward because there are not enough productive resources, but it is bowing outward because resource allocation is driven by comparative advantage.
The term "resource" refers to all of the resources that are present in our surroundings, are possible from a financial, cultural, and technical standpoint, and are available to us so that we may fulfill our requirements and gratify our desires.
In conclusion, The scarcity of productive resources is what causes the PPF to slope downward. It follows that the rule of growing opportunity cost will be valid if such an allocation is performed.
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