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Daguerreotype was first commercially sucessful photographic process .But it was not posibile to get duplicate image and also one had to sit for long for image. so I feel point a-it had little effect on demand of portrait by itinerant portrait painters.
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The introduction of the daguerreotype into the United States in the 1830s: had little effect on...
3. How changes in the market for output affect the demand for labor In this question, you'll explore the effect of a plentiful crop in Vermont on the price of blueberries in the United States, as...
3. How changes in the market for output affect the demand for labor In this question, you'll explore the effect of a plentiful crop in Vermont on the price of blueberries in the United States, as well as on the daily wages of blueberry pickers in Florida. Assume that blueberry buyers don't care whether their blueberries come from Vermont or Florida. On the following graph, show the effect the plentiful crop in Vermont has on the market for blueberries in the United...
SOCI-111, introduction to Sociology One key reason sociologists say that the United States is currently in...
SOCI-111, introduction to Sociology One key reason sociologists say that the United States is currently in an era of mass incarceration is because? Possible Answers: a) Most industrialized democracies have low incarceration rates despite having capital punishment. b) Minor-age prisoners who have committed violent crimes are often now housed with adult offenders. c) The sizable prison population in the United States is largely concentrated in just a few correctional facilities. d) Most industrialized democracies have lower incarceration rates than the...
Table: Production Possibilities in the United States and Colombia Colombia United States Quantity of coffee (tons...
Table: Production Possibilities in the United States and Colombia Colombia United States Quantity of coffee (tons Quantity of computers uantity ofQuantity of coffee (tons) computers 100 80 60 40 20 10 a) Look at the table Production Possibilities in the United States and Colombia. Which country should export coffee and which country should export computers? Justify your answer b) Look at the table Production Possibilities in the United States and Colombia. Suppose that in autarky, Colombia produces 10 tons of...
Suppose that the Congress and the president decide that the United States should reduce air pollution...
Suppose that the Congress and the president decide that the United States should reduce air pollution by reducing its use of gasoline. They impose a $0.50 tax for each gallon of gasoline sold. a. Should they impose this tax on producers or consumers? Explain by using a supply and demand diagram. (5 pts) b. If the demand for gasoline were more elastic, would this tax be more or less effective in reducing the quantity of gasoline consumed? Explain with both...
Consider the following model of the labor market in the United States. Suppose that the labor...
Consider the following model of the labor market in the United States. Suppose that the labor market consists of two parts, a market for skilled workers and the market for unskilled workers, with different demand and supply curves for each as given below. The initial wage for skilled workers is $20 per hour; the initial wage for unskilled workers is $7 per hour. a. Draw the demand and supply curves for the two markets so that they intersect at the...
By 1797, the United States had been mocked by the French (XYZ Affair), attacked repeatedly by...
By 1797, the United States had been mocked by the French (XYZ Affair), attacked repeatedly by the Barbary States, and bullied by the English. How did the United States finally change its foreign policy as a result of these problems? a. The United States authorized an Army and Navy for the first time since the Revolutionary War. This resulted in six new warships, a Marine Corps and a small army, which was able to defeat the Barbary States by 1805...
QUESTION 8 because there is greater demand for If interest rates rise in the United States...
QUESTION 8 because there is greater demand for If interest rates rise in the United States relative to the rest of the world, the demand for U.S. dollars will assets with returns. a, increase; higher b. increase; diminishing marginal C. decrease; higher d. decrease; lower e. increase; lower QUESTION 9 exchange rates. Pegged exchange rates can also be referred to as a, variable O b. fixed C. specialized d. flexible e, nominal
Please help me with my economics homework? 1. The United States and Brazil each produce only...
Please help me with my economics homework?
1. The United States and Brazil each produce only cheese and wine. Domestic prices are given in the following table United States $5 per pound Brazil 8 BRL per pound 15 BRL per bottle Wine $8 per bottle On April 1, the London exchange listed an exchange rate of $1-1 BRL According to the table, (1) production of wine has an absolute advantage in the production of cheese and (2) has an absolute...
Foreign investment in the United States and U.S. investment abroad are recorded in _____. A. the...
Foreign investment in the United States and U.S. investment
abroad are recorded in _____.
A. the financial account
B. the capital account
C. the current account
D. the statistical discrepancy
E. they are not recorded in a balance of payment account
**TWO PARTS TOTAL**
When the exchange rate rises, the demand curve for foreign exchange shifts and the supply curve of foreign exchange shifts A. rightward; leftward B. leftward; leftward C. rightward; rightward D. leftward; rightward E. None of the...
Question 2: Introduction to Economic Fluctuations-Supply Shocks (12 points) Throughout much of the 1990s, the United...
Question 2: Introduction to Economic Fluctuations-Supply Shocks (12 points) Throughout much of the 1990s, the United States experienced declining energy prices. Assume that the U.S. economy was in long-run/short-run equilibrium before these oil price declines began. (a) Illustrate the short-run effect of declining energy prices using the AS/AD graph. Be sure to label all your curves and axes. Label the initial equilibrium as Point A and the new short-run equilibrium as Point B. [6 Points) (b) If there are no...
Table: Production Possibilities in the United States and Colombia Colombia United States Quantity of coffee (tons Quantity of computers uantity ofQuantity of coffee (tons) computers 100 80 60 40 20 10 a) Look at the table Production Possibilities in the United States and Colombia. Which country should export coffee and which country should export computers? Justify your answer b) Look at the table Production Possibilities in the United States and Colombia. Suppose that in autarky, Colombia produces 10 tons of...
Suppose that the Congress and the president decide that the United States should reduce air pollution by reducing its use of gasoline. They impose a $0.50 tax for each gallon of gasoline sold. a. Should they impose this tax on producers or consumers? Explain by using a supply and demand diagram. (5 pts) b. If the demand for gasoline were more elastic, would this tax be more or less effective in reducing the quantity of gasoline consumed? Explain with both...
By 1797, the United States had been mocked by the French (XYZ Affair), attacked repeatedly by the Barbary States, and bullied by the English. How did the United States finally change its foreign policy as a result of these problems? a. The United States authorized an Army and Navy for the first time since the Revolutionary War. This resulted in six new warships, a Marine Corps and a small army, which was able to defeat the Barbary States by 1805...
QUESTION 8 because there is greater demand for If interest rates rise in the United States relative to the rest of the world, the demand for U.S. dollars will assets with returns. a, increase; higher b. increase; diminishing marginal C. decrease; higher d. decrease; lower e. increase; lower QUESTION 9 exchange rates. Pegged exchange rates can also be referred to as a, variable O b. fixed C. specialized d. flexible e, nominal
Please help me with my economics homework?
1. The United States and Brazil each produce only cheese and wine. Domestic prices are given in the following table United States $5 per pound Brazil 8 BRL per pound 15 BRL per bottle Wine $8 per bottle On April 1, the London exchange listed an exchange rate of $1-1 BRL According to the table, (1) production of wine has an absolute advantage in the production of cheese and (2) has an absolute...
Foreign investment in the United States and U.S. investment
abroad are recorded in _____.
A. the financial account
B. the capital account
C. the current account
D. the statistical discrepancy
E. they are not recorded in a balance of payment account
**TWO PARTS TOTAL**
When the exchange rate rises, the demand curve for foreign exchange shifts and the supply curve of foreign exchange shifts A. rightward; leftward B. leftward; leftward C. rightward; rightward D. leftward; rightward E. None of the...
Question 2: Introduction to Economic Fluctuations-Supply Shocks (12 points) Throughout much of the 1990s, the United States experienced declining energy prices. Assume that the U.S. economy was in long-run/short-run equilibrium before these oil price declines began. (a) Illustrate the short-run effect of declining energy prices using the AS/AD graph. Be sure to label all your curves and axes. Label the initial equilibrium as Point A and the new short-run equilibrium as Point B. [6 Points) (b) If there are no...
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