Why do transportation costs decrease as the number of warehouses in a system increases? As the number of warehouses in a system increase, there is a decrease in the cost of transport. The general reason is that there are economies of scale. This reduces transportation costs. Moreover, when goods are shipped to the warehouses, one […]
What is the philosophy of legalism?
What is the philosophy of legalism? Legalism in ancient China was a philosophical belief that human beings are more inclined to do wrong than right because they are motivated entirely by self-interest and require strict laws to control their impulses. It was developed by the philosopher Han Feizi (l. c. 280 – 233 BCE) of […]
What groups benefit from inflation?
What groups benefit from inflation? Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages. Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts. How […]
What does an economist need?
What does an economist need? A master’s degree or Ph. D. is required for most economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience. In addition, courses that introduce students to statistical analysis software are helpful. What would an economist most likely classify as a […]
What are the main functions of the central bank?
What are the main functions of the central bank? The functions of a central bank can be discussed as follows: Currency regulator or bank of issue. Bank to the government. Custodian of Cash reserves. Custodian of International currency. Lender of last resort. Clearing house for transfer and settlement. Controller of credit. Protecting depositors interests. What […]
What major landmarks are found in North Carolina?
What major landmarks are found in North Carolina? Download coordinates as: KML Landmark name Description 1 Bentonville Battlefield Site of Battle of Bentonville 2 Bethabara Area of 1753 Moravian settlement 3 Bethania Historic District 4 Biltmore Estate What are 3 famous landmarks? These top landmarks inspire awe. Landmarks give us a sense of place. Angkor: […]
Is it true that when you dream about a person is thinking about you?
Which of the following would most likely result in an increase in the demand for beef?
Which of the following would most likely result in an increase in the demand for beef? Which of the following would likely result in an increase in the demand for beef? An increase in family incomes. You just studied 20 terms! What will happen to the equilibrium price and quantity of beef? Both will increase. […]
What is an example of enlightenment?
What is an example of enlightenment? An example of enlightenment is when you become educated about a particular course of study or a particular religion. An example of enlightenment was The Age of Enlightenment, a time in Europe during the 17th and 18th century considered an intellectual movement driven by reason. An enlightening or being […]
Is Atlanta GA mostly black?
Is Atlanta GA mostly black? 60% of the city’s area consists of predominantly black neighborhoods: together, Northwest, Southwest, and Southeast Atlanta are 92% black. there are some areas that are predominantly white, notably Buckhead and Northeast Atlanta (NPUs F and N) which are on average 80% white. What is there to do in Black Atlanta? […]