science
What impact did the Crusades have on European exploration?
The Crusades led to exploration by Europeans in that they encouraged the development of trade between East and West. On their travels, Crusaders became ac...
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Why is scale of production important?
Economies of scale are a key advantage for a business that is able to grow. Most firms find that, as their production output increases, they can achieve l...
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What is the best description of GNP?
Gross National Product (GNP) is the total value of all finished goods and services produced by a country’s citizens in a given financial year, irrespectiv...
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What is a MLR model?
Multiple linear regression (MLR) is a method used to model the linear relationship between a dependent variable (target) and one or more independent varia...
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What is a disadvantage of a free market?
Disadvantage: Dangers of Profit Motive The primary objective for any company in a free market economy is to make a profit. In many cases, companies may sa...
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What caused the economic boom?
The main reasons for America’s economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of Am...
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Was the EU successful?
The EU has delivered more than half a century of peace, stability and prosperity, helped raise living standards and launched a single European currency: t...
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How was the economy of the middle colonies similar to the economy of the New England colonies?
The New England colonies had rocky soil, which was not suited to plantation farming, so the New England colonies depended on fishing, lumbering, and subsi...
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How was Persian society structured?
Persian social structure was strict, with the royal family at the top, followed by priests, nobles, merchants, artisans, peasants, and finally slaves. How...
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In what economy do the individuals and the government share in the economic decision making process?
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country’s ind...
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