What is the role of government in a capitalist economy? In a capitalist economy, the role of government is very limited. The main functions of government, as given by Adam Smith, are to maintain law and order in a country, make national defense stronger, and regulate money supply. According to Smith, the market system administers […]
Which factors play a role in creating ocean waves?
Which factors play a role in creating ocean waves? The factors that play a role in creating ocean waves are the wind speed, direction, duration, and fetch. Ocean waves are usually produced by the wind that moves its energy to the water. What is the role of wind in creating waves? Wind-driven waves, or surface […]
When a population grows in proportion to its current size?
When a population grows in proportion to its current size? When a population’s size increases at a rate proportional to its current size–in other words, the bigger population, the faster it grows– the growth is called exponential growth. You just studied 18 terms! What causes populations to grow and get larger? Population growth rate is […]
Why were tariffs passed in the 1920s?
Why were tariffs passed in the 1920s? These were enacted, in part, to appease domestic constituencies, but ultimately they served to hinder international economic cooperation and trade in the late 1920s and early 1930s. High tariffs were a means not only of protecting infant industries, but of generating revenue for the federal government. How did […]
Which best describes results provided by market research?
Which best describes results provided by market research? Market research tells producers what consumers want and what they’re willing to pay. Market research lets producers predict what laws the government is planning to make. Which of the following best describes the purpose of the market research? Answer: The correct answer is letter “B”: To help […]
What happens to interest rates when price level increases?
What happens to interest rates when price level increases? An increase in the price level (i.e., inflation), ceteris paribus, will cause an increase in average interest rates in an economy. In contrast, a decrease in the price level (deflation), ceteris paribus, will cause a decrease in average interest rates in an economy. When the price […]
What powers does the Constitution grant the executive branch?
What powers does the Constitution grant the executive branch? The Constitution explicitly assigns to the president the power to sign or veto legislation, command the armed forces, ask for the written opinion of his Cabinet, convene or adjourn Congress, grant reprieves and pardons, and receive ambassadors . What part of the Constitution outlines the executive […]
What does the statue symbolize in Pygmalion?
What does the statue symbolize in Pygmalion? The Roman poet Ovid, in his Metamorphoses, Book X, relates that Pygmalion, a sculptor, makes an ivory statue representing his ideal of womanhood and then falls in love with his own creation, which he names Galatea; the goddess Venus brings the statue to life in answer to his […]
Which intelligence theorist suggest that intelligence is made up of ag factor?
Which intelligence theorist suggest that intelligence is made up of ag factor? Charles Spearman developed his two-factor theory of intelligence using factor analysis. His research not only led him to develop the concept of the g factor of general intelligence, but also the s factor of specific intellectual abilities. What problem solving method guarantees a […]
Which of the following describes the relationship between price and quantity supplied?
Which of the following describes the relationship between price and quantity supplied? Price and quantity supplied are directly related. As price goes down, the quantity supplied decreases; as the price goes up, quantity supplied increases. Price changes cause changes in quantity supplied represented by movements along the supply curve. Which of the following is not […]