Why does the government provide public goods? Public goods are those goods and services provided by the government because a market failure has occurred and the market has not provided them. Public goods are economic products that are consumed collectively, like highways, sanitation, schools, national defense, police and fire protection. Who pays for non excludable […]
How does inflation affect PPP?
How does inflation affect PPP? Dynamics of Relative PPP The theory holds that inflation will reduce the real purchasing power of a nation’s currency. Thus if a country has an annual inflation rate of 10%, that country’s currency will be able to purchase 10% less real goods at the end of one year. Does absolute […]
Why are monopolies considered harmful to society?
Why are monopolies considered harmful to society? In an industry that has only one monopoly firm rather than lots of small competitive firms, three socially harmful things occur: The monopoly’s output is produced less efficiently and at a higher cost than the output produced by a competitive industry. Are oligopolies good for the economy? It […]
What do the plaintiffs contend?
What do the plaintiffs contend? The plaintiffs contend that segregated public schools are not “equal” and cannot be made “equal,” and that hence they are deprived of the equal protection of the laws. In what way did separate schools deprive the plaintiffs of their equal protection? In each instance, they had been denied admission to […]
How can intergroup interaction be bad if intergroup contact is good?
How can intergroup interaction be bad if intergroup contact is good? Intergroup interaction is typically found to have negative effects tied to intergroup bias, producing heightened stress, intergroup anxiety, or outgroup avoidance, whereas intergroup contact is typically found to have positive effects tied to intergroup bias, predicting lower intergroup anxiety and lower prejudice. Under what […]
What is a squids role in the ecosystem?
What is a squids role in the ecosystem? Squid contribute to the ecosystem by providing food for other creatures. Humans are probably the squid’s greatest natural enemy, but sharks, seals, whales, dolphins, seabirds, deep-sea fish, and other squid also eat these tubular, multi-armed cephalopods. What type of environment do squids live in? Squid Habitat Squid […]
How much is $1000 in British pounds?
How much is $1000 in British pounds? You have just converted one thousand dollars to pound sterling according to the recent foreign exchange rate 0.705739. For one thousand dollars you get today 705 pounds 73 pence….USD to GBP Table. USD GBP $100 = £70.57 $500 = £352.87 $1,000 = £705.74 What is $175000 in pounds? […]
How did the Compromise of 1877 end reconstruction quizlet?
How did the Compromise of 1877 end reconstruction quizlet? The Compromise of 1877 effectively ended the Reconstruction era. Southern Democrats’ promises to protect civil and political rights of blacks were not kept, and the end of federal interference in southern affairs led to widespread disenfranchisement of blacks voters. When did the Compromise of 1877 end […]
What is meant by the partition of India in 1947?
What is meant by the partition of India in 1947? The Partition of India was the division of British India into two independent dominion states, India and Pakistan. The Dominion of India is today the Republic of India; the Dominion of Pakistan is today the Islamic Republic of Pakistan and the People’s Republic of Bangladesh. […]
What is a mixed or modified free enterprise economy?
What is a mixed or modified free enterprise economy? In a mixed or modified free enterprise economy, people and businesses carry out their economic affairs freely, but are subject to some government intervention and regulation. Why does the US have a modified free enterprise economy? The United States is considered to have a modified free […]