2. What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases? Apple juice and orange juice are substitutes for consumers‚ so the fall in the price of apple juice decreases the demand for orange juice. The demand curve for orange juice shifts leftward. The increase in the wage rate paid to orange grove workers raises the cost of producing orange juice. The supply of orange juice
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After the First World War‚ the economic condition of Germany became very weak. The German troops lost in the war and then Germany was economically destroyed. They were forced to pay war reparations to both Great Britain and France. Also‚ most of the people in the Germany were unemployed. Germans started making plans to find out the ways to generate new job in different fields like in power plants‚ transportation‚ and other related fields. Due to the huge increment in the social spending and sudden
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Civil War was one of the most important events that occurred in America. It shaped America to what it is today. Tension rising thing after thing and was one of the most debatable and deadly events in history. Without the Civil War‚ there would still be slavery and other horrible acts. Though it may be said that the War happened all because of one event‚ which is not true. There are several factors that led to the War‚ and it was not just one occasion. The biggest cause that led to the Civil War was
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First World War has established an unforgettable memoir in the history books. World War 1 was a massacre of human life and an important event that determined the present state of the modern world. Yes‚ World War 1 was inevitable. The foundation of the causes of World War 1 can be traced back to several factors that were building up international tension to the ultimate result of war. In the 1900s‚ the European countries were extremely competitive in extending their influence around the world. Their
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inaugurated the era of interventionism. World War I had devastating impacts globally. The aftermath of the war included enormous military casualties‚ civilians losses and economic burden on the major belligerents. American loans to the Allies was never fully repaid when Britain and France were unable to collect reparation payments from German satisfactorily. In addition‚ many Americans were disillusioned that the original intention of the war — “make the world safe for democracy‚” was not achieved
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There are many causes of the start of World War One but I am going to tell you the m.a.i.n cause of it. So m.a.i.n stands for militarism‚ alliances‚ imperialism‚ and nationalism. There are series of events that led up to the first world war. The war began in 1914 and lasted until 1918. One of the main things that led up to World War 1 was the assassination of Archduke Ferdinand‚ heir to the throne of the Austro-Hungarian Empire. A Serbian‚ 19-year old Gavrilo Princip assassinated him. This set
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Nationalism made a huge impact during the First World War. Most dominating countries in World War I used nationalism to expand their territories and dominate the other countries. Dominating other countries made a huge impact in our history. Nationalism is an extreme pride or devotion that people feel for their country or culture. It is also proved as a useful tool for encouraging the expansion of the nation. During the World War One there were two kinds of nationalism‚ the desire of subject people
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CAUSES OF BY NATHAN BECK World War 1 was the first war in history that had most of the world dragged into conflict against one another. There were many causes of WW1 the main one that actually started it was a short term cause‚ the assassination of the Archduke Franz Ferdinand of the Austria-Hungary Empire. But there were a lot of long term causes that were building up to war like the arms race with military sections such as navy being built up especially between Britain and Germany. Also Imperialism
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There was not one single cause of World War 1; many chaotic events lead up to it. Although the assassination of Archduke Ferdinand sparked the war‚ there were many other incidents that caused the tension that influenced his murder. Three major contributions gave rise to the war: imperialism‚ nationalism‚ and the new alliances. If these things had not happened‚ the war may not have occurred or may have turned out very differently. In the age of New Imperialism‚ from 1881 to 1914‚ European powers were
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World War 1 was one of the bloodiest wars the world has ever seen. Ten million soldiers died on the battlefields and in the military hospitals; twenty million soldiers were wounded (Intro). At first‚ Europeans wanted a balanced power‚ but then alliances started to form. Many things caused World War 1 to happen but some things stuck out as big factors. Alliances‚ militarism‚ imperialism and nationalism were all underlying causes of World War 1. Alliances were one of the main causes of World War
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