Jerry's Phone Service is a monopoly. Jerry finds the price of his service by looking at the price demanded at the chosen quantity.
A monopoly refers to situation where one producer (or a group of producers acting in concert) controls supply of a goods and services, and where the entry of new producers is prevented or highly restricted. In order to make profit, Monopolist firms keep the price high and restrict the output, and show little or no responsiveness to the needs of their customers.
People who take a "layer cake" view of federalism believe that
state governments are too weak to meet most citizen needs
state governments are supreme over the national government
national and state governments must cooperate to meet citizen needs
national and state governments are exclusively sovereign in their areas
Answer:
The Continental Congress was unable to provide the army with proper equipment because it couldn't levy taxes, as it was reserved only to the states.
Explanation:
The Continental Congress was ruled by the Articles of the Confederation, the first government charter of the United States.
The Articles supported the Continental Army and allowed the thirteen states to form a united front before the European powers. However, as a tool to build an effective government in times of war, it was a failure. Congress could make decisions, but did not have the power to apply them. Perhaps, the biggest setback was the requirement of unanimous approval of the 13 States to modify the articles. At the same time, the most important power that Congress lacked was the power to collect taxes: it could only request money from the States. These, for their part, did not always comply with the demands and Congress did not have the necessary funds for its operation, especially in the military, where due to this situation the Army was without the necessary provisions and weapons.
Answer:
Explanation:
The Congress created the Federal Reserve System to furnish the country with a more secure, progressively adaptable, and increasingly stable money related and monetary system.
Dwight Eisenhower
John Kennedy
Lyndon Johnson
The Pulitzer Prize-winning book "Profiles in Courage was written by President John Kennedy. In it Kennedy argues that the most important value of a senator is what he calls political courage. To explain better his view he goes through the actions of former senators, starting with the son of President Adams.