The elasticity of demand for gasoline is inelastic.
The cross price elasticity of gasoline and SUVs is negative.
What is the elasticity of demand and cross price elasticity?Price elasticity of demand measures the responsiveness of quantity demanded to a change in price of the good. Price elasticity of demand is determined by dividing the percentage change in quantity demanded for a good by the price of that good.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity when demand is inelastic would be less than one
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
5% / 20% = 0.25
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B. . Cross price elasticity is used to determine if two goods are substitute goods or complement goods. If cross price elasticity of demand is negative, it means that the goods are complementary goods.
Cross - price elasticity = -30% / 20% =-1.5
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What is one main reason why the Fed increases the federal funds rate?
The one main reason why the Fed increases the Federal Funds Rate is because to increase the cost of credit throughout the economy.
In order to increase the cost of credit through the funds rate tends to curb the demand and also tends to help reduce the inflationary pressures in the short run. Thus, the Federal Funds Rate is considered to be one of the most closely watched economic indicators in the United States.
However, the Federal Funds Rate tends to provide a reference which is for the institutions as they are borrowing or lending reserves in the economy. Thus, the Fed tends to lower the interest rates in order to stimulate the economic growth.
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Which type of trade barrier addresses the safety and quality of imported goods? a. licenseb. quota c. regulation d. tariff
Trade restrictions like tariffs target the dependability and quality of imported goods. Tariffs are a specific kind of protectionist trade restriction that really can come in a variety of forms.
What do trade restrictions and tariffs mean?Although local consumers, not the exporting country, are responsible for paying tariffs, they have the effect of raising the price of imported goods. Other trade limitations include quotas, licensing, and standardization, all of which are intended to increase the cost of imports or restrict their availability.
Why is it considered a trade restriction when there is a tariff?Using tariffs, imports can be controlled. Simply expressed, they increase the cost of goods and services purchased from other nations, making them less appealing to domestic customers.
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Answer:Regulation
Explanation:
Regulations are laws or rules set by a government or other regulatory body that are intended to ensure the safety, quality, and other standards of goods and services that are produced or imported.
What are the advantages of a mixed market?
A mixed market, also known as a mixed economy, is an economic system that combines aspects of both a capitalist and socialist system. Some advantages of a mixed market include: Flexibility, Efficiency and innovation, Reduced inequality, Stable economic growth, Consumer protection
Flexibility: A mixed market allows for the flexibility to adapt to changing economic conditions, as it can incorporate elements of both capitalism and socialism to achieve desired outcomes.Efficiency and innovation: The private sector in a mixed market economy can drive innovation and efficiency through competition, while the public sector can provide the necessary infrastructure and regulations to support these activities.Reduced inequality: A mixed market economy can reduce income inequality by redistributing wealth through progressive taxation and social welfare programs.Stable economic growth: A mixed market economy can provide stable economic growth by balancing the private sector's drive for profits with the public sector's commitment to social welfare.Consumer protection: A mixed market economy can provide consumer protection through government regulations, which ensure fair competition, and protect the rights of consumers.Learn more about the advantages of a mixed market here: https://brainly.com/question/14701131
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When was the New Deal successful?
From 1939 to his 1941, President Roosevelt's New Deal His programs and policies did more than adjust interest rates, tinker with agricultural subsidies, and create short-term job creation programs.
In the short term, the New Deal program helped improve the lives of those afflicted by the Great Depression.
In the long term, the New Deal program will set a precedent for the federal government to play a significant role in the country's economic and social affairs. Many historians distinguish between the First New Deal (1933–1934) and the Second New Deal (1935–1936), the latter being the more progressive and controversial. The first New Deal (1933-1934) addressed the impending banking crisis through the Emergency Banking Act and the Banking Act of 1933.
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_____ is the practice of attempting to break into a system or network for the purpose of verification of systems in place.
Penetration testing is the practice of attempting to break into a system or network for the purpose of verification of systems in place.
What is Penetration Testing?A penetration test (penetration test) is an authorized simulated attack performed on a computer system to assess its security. Penetration testers use the same tools, techniques, and processes as attackers to find and demonstrate the business impact of vulnerabilities in systems.
Why Penetration Testing is Used?Penetration testing (or penetration testing) is a security exercise in which cybersecurity professionals find and attempt to exploit vulnerabilities in computer systems. The purpose of this simulated attack is to identify weaknesses in the system's defenses that an attacker can exploit.
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What are the 3 basic questions economic questions?
Answer:
what to produce
How to produce
When to produce
An organization pursuing a Loyal Soldier HR strategy:
When using a Loyal Soldier HR strategy, a firm aims to control employee departures.
What is a Loyal Soldier HR strategy?Employers who use the Loyal Soldier HR strategy attempt to keep workers by giving them a sense of stability that encourages them to accept slightly lesser pay than they might be able to in rival companies.
Such businesses minimize expenses by substituting employment stability for high salaries.
A business attempts to keep employee departures under control while employing a Loyal Soldier HR strategy.
Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources.
Therefore, when using a Loyal Soldier HR strategy, a firm aims to control employee departures.
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What is a Major risk associated with licensing?
Which of these should not affect your personal finance decisions?(1 point)
Responses
your character
your lifestyle goals
your tolerance for risk
your language
Answer:
I think it's your language
Answer: 1. the ability to understand how to make sound financial choices so you can confidently manage and grow your money
2.the CEO of The Finance Bar
3.the financial management which an individual or a family unit performs
4.your language
5. -a notebook for your homework
-lunch brought from home
Explanation: I took the quick check
Why is Mr equal MC is the profit-maximizing point?
MR=MC is the profit maximizing point because at any other level of production the profit earned by the firm will be less as compared to this point.
If the firm produces at the point where MR > MC, then the firm can increase profits by producing more of the good till the point where MR=MC. If the firm produces at the point where MR < MC, then the firm can increase profits by producing less of the good till the point where MR=MC. Hence, the only point at which the profit is maximized is when the marginal revenue is equal to the marginal costs.
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How is Step 2 structured?
Comparison typically involves two steps:
Step 1. Identifying similarities and differences
Step 2. Evaluating the significance of the similarities and differences
Step 2 of comparison, evaluating the significance of the similarities and differences, can be structured in a few different ways depending on the context and the purpose of the comparison. Some possible ways to structure this step include:
1. Weighting the similarities and differences: This involves assigning relative importance to each similarity or difference based on how it impacts the overall assessment of the items being compared.
2. Categorizing the similarities and differences: This involves grouping the similarities and differences into categories based on their relevance or significance.
3. Prioritizing the similarities and differences: This involves determining which similarities and differences are most important to consider when making the overall assessment.
4. Use a matrix or a table: This involves creating a table or matrix with similarities and differences on one axis, and the items being compared on the other axis, this way it's easy to visualize and evaluate the significance of similarities and differences.
5. Use a scoring system: This involves assigning a numerical value to each similarity or difference based on its significance, and then adding up the scores to determine which item is overall more favorable.
These are some examples of how step 2 of comparison can be structured, but the way you structure it will depend on the type of comparison you're making and the context.
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What is lease payment?
A lease payment is a payment made by a lessee (the person leasing a property) to a lessor (the person who owns the property being leased) as part of a lease agreement.
Lease payments are typically made on a monthly basis and cover the cost of using the property, such as rent for an apartment or a car payment for a leased vehicle. Lease payments may also include additional fees, such as insurance or maintenance costs. In a lease agreement, the lessee is usually responsible for paying these payments until the end of the lease term, at which point the lessee may have the option to purchase the property or return it to the property owner or the lessor.
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Center of Gravity Method: East Texas Seasonings is preparing to build one processing center to serve its four sources of seasonings. The four source locations are at coordinates shown below. Also, the volume from each source is provided. What is the center of gravity? . X-coordinate Y-coordinate Volume Athens, Texas 30 30 150 Beaumont, Texas 20 10 350 Carthage, Texas 10 70 100 Denton, Texas 50 50 200
Center of gravity = 28 X = 22,000: Y = 24,000 X = 28,125; Y = 31.25 X = 27.5; Y = 40 X = 25; Y = 40.
Center of gravity, an imaginary point within an object at which the total weight of the object can be assumed to be concentrated to simplify certain calculations.
Tejas, Texas is a state in the Mid-South region of the United States. It has an area of 695,662 km2 (268,596 square miles) and will have a population of over 30 million in 2022. It is her second largest state in the United States in both area (second only to Alaska) and population (second only to California).
Texas is bordered by Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexican states of Chihuahua, Coahuila, Nuevo Leon, and Tamaulipas to the south and southwest. To the southeast lies the coastline with the Gulf of Mexico. Houston is the most populous city in Texas and her fourth largest city in the United States.
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Check the month and dollar value that when placed togther would form a correct ordered pair. In april, bob's booksmart had a profit of $2,000. In may, the profit was $3,000 dollars. In june, the profit was $5,000. May, june, $1,000, $4,000, july $6,000 april, $2,000,.
The correct ordered pair is June, $5,000. An ordered pair is a set of two values that are related in some way. In this question, the x-coordinate represents the month, and the y-coordinate represents the profit.
In this case, the values are the month and the profit for Bob's Booksmart. To find the correct ordered pair, we need to match the month with the corresponding profit. An ordered pair is a mathematical concept used to represent the coordinates of a point in a two-dimensional coordinate system. It is typically written in the form (x, y), where x represents the horizontal coordinate (also known as the x-coordinate) and y represents the vertical coordinate (also known as the y-coordinate). In this case, the x-coordinate is the month, and the y-coordinate is the profit.
From the given information, we know that in April, the profit was $2,000, in May, the profit was $3,000 and in June, the profit was $5,000. So, the correct ordered pair is (June,$5,000) because they match.
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What are 10 sustainable practices?
Reduce Your Food Waste, Avoid Disposable Items, and Other Sustainability Practices, Grow a Sustainable Garden. Make Your Own Cleaning Products, Purchase goods with less packaging, etc.
What benefits can sustainable development offer?Sustainability is the capacity to exist and advance without consuming current or future natural resources. In the Brundtland Report, the United Nations defined sustainable development as growth that satisfies current demands without compromising the capacity of future generations to satisfy their own needs. The following are the three benefits of sustainable development: It contributes to guaranteeing a better living for both the current and upcoming generations. reduces pollution in the air, water, and soil, lowering its negative effects on the environment. contributes to long-term economic growth. The objective of sustainable development is to provide environmental conservation, social equity, and economic growth. Although these three elements can coexist harmoniously, it is frequently observed that they are at odds with one another.
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Is it better to have a higher or lower interest rate on a loan?
When interest rates are high, it's more expensive to borrow money; when interest rates are low, it's less expensive to borrow money.
Before you agree to a loan, make sure you completely understand how the interest rate will affect the total amount you owe.
For both consumers and businesses, higher interest rates make debt more expensive and borrowing more difficult. Everyone will be spending more money, but some individuals won't have access to the funds they might need to carry on with their current way of life, according to Brown.
Your credit score determines a suitable personal loan interest rate: 740 and higher Below 8% (look for loans for excellent credit) 670–739: Approximately 14% (look for loans for good credit) 18% between 580 and 669 (look for loans for fair credit)
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Which of the following statements is correct? a. Companies may pay too high a price in a large open market repurchase if it takes too long to complete. b. An investor's capital gains from selling stock in a repurchase are always taxed at a higher rate than if the distribution were dividends. c. The tax code encourages companies to pay dividends rather than reinvest earnings. d. If a company uses the residual dividend model to determine its dividend payments, dividends payout will tend to increase whenever its profitable investment opportunities increase. e. The stronger management thinks the clientele effect is, the more likely the firm is to adopt a strict version of the residual dividend model.
In a massive open market repurchase, companies can overpay if it has taken too long to complete.
What is a open market?An economic situation that is close to being free trade is frequently referred to as being "open market." The phrase is used in a more specific, technical sense to mean interbank trading in securities. Taxes, quality controls, bans, tariffs, and other centralized government economic interventions mostly don't exist or are very minimal in a free market, an unrestrained system of economic exchange.
Sellers and purchasers can freely exchange items without the pressure of a third-party market. Changes in supply and demand impact the prices of products and services.
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As time progresses following a significant injury
Answer:
i don't understand the question but imma say it heals
Explanation:
What are the 5 benefits of work?
Increased happiness brought on by a sense of community. a stable and reliable income provides security. Your CV is made stronger for potential work chances by adding to your history of employment. a rise in self-esteem as a result of a daily mission and social contribution.
What does work mean to you?
Work plays a significant role in shaping a person's identity as a person and as a member of their community, as well as their ability to access a variety of vital and non-essential goods, services, and activities, as well as their daily routines, level of activity, physical and mental health, and sense of self.
What is the purpose of work?
This viewpoint gives rise to the implied connotation that work has as its goal the generation of income. Therefore, if you have "enough" money (a personal notion), you don't need to.
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How does scarcity of resources affect the industry?
The scarcity of resources tend to affect the industry as the scarcity can limit the choices which are available to the consumers who then ultimately make up the economy.
Scarcity is considered to be one of the key concepts of Economics. As it tends to mean that the demand for a good or a service is considered to be greater than the availability of the good or service. Thus, the scarcity tends to affect the monetary value which the people tend to place on goods and services.
However, the resource scarcity tends to occur when the demand for a natural resource is considered to be greater than the available supply in the economy, by leading to a decline in the stock of the available resources.
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drop shipping results in time and shipping cost savings: T/F
drop shipping results in time and shipping cost savings: TRUE, means the given statement is true.
Shipping, which is derived from the word relationship, is the desire of members of a fandom for two or more people—real people or fictional characters from novels, movies, television episodes, etc.—to be in a romantic or sexual relationship. It is used as a general term to describe how followers follow the ongoing character arcs of two characters in a literary work. Fanfiction writings and fan art, both of which are regularly posted online, are common examples of shipping. The term "ship" in the context of a romantic relationship is said to have first been used online in 1995 by followers of the television show The X-Files who felt that its two main characters, Fox Mulder and Dana Scully, should be engaged.
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Does air pressure increase or decrease as you go higher?
Back on Earth, as elevation increases, fewer molecules are in the air, resulting in a decrease in air density and a corresponding reduction in air pressure.
What causes a decrease in air pressure, and why?Barometric pressure, also referred to as atmospheric pressure, is used to calculate the force of air on Earth.To determine the barometric pressure, a barometer is used to measure the air pressure in a particular location.Some people may be more prone to headaches, sinus pain, and arthritis pain when there are changes in barometric pressure.Weather:
Weather patterns frequently contribute to drops in barometric pressure.When low-pressure weather systems pass over a region, the barometric pressure reading falls in addition to the atmosphere's pressure changing.A system with low pressure demonstrates how low-pressure air rises and begins to cool.Altitude:
The barometric air pressure decreases due to Denver's mile-high elevation.Some people who suffer from altitude sickness notice a decrease in air pressure as they rise in altitude.Dizziness, nausea, fatigue, and headaches can occur when ascending into low-pressure air.To know more about the air pressure, here
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Lionel needs money quite frequently and doesn't need much interest at all. Which of these options for saving money is best for him?.
Savings bonds are an excellent way to earn money but they work at a fixed rate of interest over a set time period.
Money market accounts give limited access to performance and not more than three checks are written in a month. It's a type of short-term savings.
The certificate of deposit or CD has a higher interest rate than a savings account. However, one cannot remove the funds prior to the term's maturity without incurring a penalty.
Savings accounts are deposit accounts that can be accessed whenever needed. These yield less interest as compared to money market accounts or CDs.
Therefore, the best option for Lionel to choose will be a Savings account
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7. Price discrimination and welfare Suppose Barefeet is a monopolist that produces and sells Ooh boots, an amazingly trendy brand with no close substitutes. The following graph shows the market demand and marginal revenue (MR) curves Barefeet faces, as well as its marginal cost (MC), hich is constant at $40 per pair of Ooh boots. For simplicity, assume that fixed costs are equal to zero; this, combined with the fact that Barefeet's marginal cost is constant, means that its marginal cost curve is also equal to the average total cost (ATC) curve. First, suppose that Barefeet cannot price discriminate. That is, it must charge each consumer the same price for Ooh boots regardless of the consumer's willingness and ability to pay. On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. Next, use the purple points (diamond symbol) to shade the profit, the green points (triangle symbol) to shade the consumer surplus, and the black points (plus symbol) to shade the deadweight loss in this market without price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, indicate this by leaving that element in its original position on the palette.) 100 90 Monopoly outcome 80 70 Consumer Surplus 600 50 MC ATC 40 Profit 30 20 Deadweight Loss 10 MR. Demand 20 40 60 80 100 120 140 160 180 200 QUANTITY (Pairs of boots
In a monopoly, a single supplier offers a singular good. Entry and exit are both very difficult.
What is the meaning of Monopoly?In the board game Monopoly, players fight to become rich by owning properties and making business ventures. Rolling two dice allows players to move around the board, buy and sell buildings, build homes and hotels on their plots of land, and collect rent from rival players. To outlive everyone else and amass the most wealth is the game's objective.
price exclusion as well as welfare Assume Barefeet has a monopoly on the production and sale of Ooh boots, an incredibly popular brand with no direct competitors.Let's say that Barefeet can price discriminate with 100% accuracy. Use the plus symbol (black points) to denote the price and quantity on the accompanying graph that will maximise profits. To shade the profit, consumer surplus, and deadweight loss in this market with perfect price discrimination, use the purple points (diamond symbol), green points (triangle symbol), and black points (plus sign), respectively. (Note: If you determine that the consumer surplus, profit, or deadweight loss equals zero, you can show this by leaving that element in its original place on the palette.)60 MC ATC 40 Profit 30 20 Deadweight Loss 10 MR. Demand 100 90 Monopoly result with Price Discrimination 80 70 Consumer Surplus 600 Quantity: 20, 40, 60, 80, 100, 120, 140, 160, 180 (Pairs of boots) The profit-maximizing cost is $60 and the profit-maximizing output is 120 pairs of boots in a market without price discrimination. Purple dots (the diamond symbol) shade the $1,800 area to represent the profit. The $4,200 area is coloured and the green triangles (which represent the consumer surplus) are used to indicate it.
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costs that change when output changes are called ___
Costs that fluctuate in line with variations in the volume of a company's output are known as variable costs. Total marginal costs across all units produced make up variable costs.
What is variable cost and fixed cost?Any costs that fluctuate according to how much a business produces and sells are referred to as variable costs. Accordingly, variable costs grow when production is higher and decline when production is lower. Labor, utility prices, commissions, and raw materials are a few of the most typical categories of variable costs. On the other hand, fixed costs are any expenses that are constant regardless of how much a business produces. These expenses, which include things like rent, property tax, insurance, and depreciation, are typically unrelated to the specific business activity carried out by a corporation.
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What has caused the wealth gap?
The disparity in racial wealth is influenced by factors such as income inequality, restrictive housing laws, limited educational opportunities, and a lack of social supports.
Define the term wealth gap and its causes?Although the term "racial wealth gap" technically refers to the difference in assets owned by various racial or ethnic groups, this gap is the result of a number of economic factors that have an impact on these groups' overall economic well-being.
The phrase refers to differences in how people can access opportunities, sources of assistance, and resources.The racial wealth gap is influenced by factors such as income inequality, housing regulations, constrained educational opportunities, and a lack of social infrastructure.Across racial and ethnic groups in the U.S., data show a widening gap in median wealth. S. compared to the 1960s civil rights era. Although they are connected, the racial wealth gap is larger than the racial wage gap by itself. The wealth gap refers to the disparity of total assets across races and ethnicities, whereas the wage gap refers to the difference in earnings from labor among various races and ethnicities.To know more about the wealth gap, here
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Controlled substances may be the target of attempted thefts. Any suspected breach of Pharmacy security must be reported to. - Pharmacist on Duty - District Leader/Pharmacy Supervisor - Pharmacy Tech - CVs Colleague - Law Enforcement - Loss Prevention
Any suspected breach of Pharmacy security related to controlled substance must be reported to:
Pharmacist on dutyDistrict leader/Pharmacy supervisorLaw enforcementLoss preventionControlled substances refers to any drugs or subtances that are tightly controlled by the government since its risk of being used in addiction. To regulate the distribution of controlled substances, government launched The Controlled Substances Act (CSA) that places all restricted substances under federal law regulation.
Controlled substances are under supervision of the Drug Enforcement Administration (DEA), the Department of Health and Human Services (HHS), and other related parties, such as:
The drug manufacturerMedical associationPharmacy associationPublic interest group concerned with drug abuseState or local government agencyIndividual citizenLearn more about Controlled Substance here: brainly.com/question/28168614
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All of the following are disadvantages of scheduling overtime EXCEPT
Multiple Choice
O overtime is associated with additional costs of coordination and communication.
O sustained overtime work by salaried employees may incur burnout.
O continued overtime can lead to a higher turnover rate.
O more hours results in higher expenses if paying workers hourly.
O productivity is reduced the longer one is working.
Option A is correct. Overtime is associated the with additional costs of coordination and communication.
What is scheduling overtime?Overtime that can be planned more than twelve (12) hours in advance of the time it will start is known as scheduled overtime. Scheduled Seniority will choose which employees who are available, qualified, and capable of performing the work will get overtime pay. If there aren't enough volunteers, the business will distribute the overtime to workers who meet the requirements and have the necessary skills in reverse order of seniority. It is assigned in advance of the day that it is to be completed. Typically planned overtime is allotted and prepared in advance.
What is the negative effect of overtime?On both your physical and mental wellbeing, working overtime will undoubtedly have a negative impact. Overwork can cause burnout, depression, overexertion, physical discomfort, and other conditions that would otherwise prevent you from working. Your output will eventually decline as a result of these.
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Did the New Deal have a negative impact?
The New Deal tax took away vital jobs in the 1930s and increased unemployment by an average of 17%. Higher corporate taxes mean employers have less money to grow and hire.
Social Security excise taxes on pay slips made it more expensive for employers to hire employees and discouraged hiring. The New Deal policy has produced some powerful and important achievements. It got people back to work. saved capitalism. It restored confidence in the American economic system while reviving a sense of hope among the American public.
The New Deal was a success, but during the New Deal, taxes skyrocketed, people became dependent on the government, and the national debt grew irretrievably.
While the New Deal was comprehensive, he fell short of its main goals: end depression. In 1939, the unemployment rate was still 19% for him, and it was only in 1943 that it reached pre-Depression levels.
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What is your utopian world?
Utopia: A location, state, or condition that is ideal in terms of politics, laws, customs, and world conditions. This does not imply that the people are perfect, but that the system is.
A utopian society is a society that is ideal but does not exist in reality. Utopian societies are frequently distinguished by benevolent governments that ensure the safety and general well-being of their citizens. world live in safety and without fear because society and its institutions treat all citizens equally and with dignity. An ideal commonwealth whose inhabitants appear to live in perfect conditions. As a result, the terms utopian and utopianism are used to describe visionary reform that is impossibly idealistic.
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