Why do natural monopolies exist? In essence natural monopolies exist because of economies of scale and economies of scope which are significant relative to market demand. Because productive efficiency requires that only one firm exist, natural monopolies are typically subject to government regulation. What are some of the benefits of a natural monopoly? 8 Benefits […]
How will you describe the economic institution?
How will you describe the economic institution? The term “Economic Institutions” refers to two things: Specific agencies or foundations, both government and private, devoted to collecting or studying economic data, or commissioned with the job of supplying a good or service that is important to the economy of a country. What are the different types […]
Who invented chiaroscuro technique?
Who invented chiaroscuro technique? Lucas Cranach the Elder What artists used chiaroscuro? Artists who are famed for the use of chiaroscuro include Leonardo da Vinci and Caravaggio. Leonardo employed it to give a vivid impression of the three-dimensionality of his figures, while Caravaggio used such contrasts for the sake of drama. Both artists were also […]
Who opposed the Second Bank of the United States?
Who opposed the Second Bank of the United States? Supporters of Biddle’s bank outnumbered detractors: 128,117 people signed memorials to save the bank as opposed to 17,027 who signed memorials opposing the bank. Why did the Whigs support the National Bank? The Whig Party was formed during the 1830s by the union of diverse factions […]
What did the Wampanoag wear to the first Thanksgiving?
What did the Wampanoag wear to the first Thanksgiving? Wampanoag men wore breechcloths with leggings. Neither women nor men had to wear shirts in the Wampanoag culture, but they would dress in deerskin mantles during cool weather. The Wampanoags also wore moccasins on their feet. How do the Wampanoag celebrate Thanksgiving? Long before the arrival […]
Who was at the bottom of the church hierarchy?
Who was at the bottom of the church hierarchy? The Catholic Church has a strong emphasis on hierarchy (levels of leadership). There are seven levels in the hierarchy of the Catholic Church, starting at the bottom with people and finishing at the top with God. The Pope is the head of the Catholic Church. What […]
Why did the US want to expand in Latin America?
Why did the US want to expand in Latin America? They believed that it was their destiny to expand their territory and spread their beliefs across the world. The United States viewed Latin America as a savage place that needed saving. Americans believed that they were helping people. The United States viewed itself as the […]
What do rivers contain?
What do rivers contain? The water that flows in rivers is fresh, meaning that it contains less than one percent salt. However, rivers still carry and distribute important salts and nutrients to support plant and animal life. For this reason, some of the most biodiverse habitats on our planet can be found around rivers. How […]
What does the word Seminole mean?
What does the word Seminole mean? Seminole, North American Indian tribe of Creek origin who speak a Muskogean language. By about 1775 those migrants had begun to be known under the name Seminole, probably derived from the Creek word simanó-li, meaning “separatist,” or “runaway.” The name may also have derived from the Spanish cimarrón, “wild.” […]
Which pathway is involved in processing where an object is in relation to other objects?
Which pathway is involved in processing where an object is in relation to other objects? The ventral (“what”) pathway is usually described as processing objects, whereas the dorsal (“where”) pathway is described as processing space (although the two pathways have also been described as processing perception [“what”] vs. What is happening in the dorsal visual […]