A candy company whose products sold in supermarkets for about $3 a bag decided to
enter the growing gourmet chocolate market. It purchased two
small companies that made premium chocolates that sold for
much higher prices. How does this story reveal the way the price
system works as an incentive for producers while allocating
resources efficiently?

roosevelt believed that in light of the country's recent military successes, it was unnecessary to use force to achieve foreign policy goals, so long as the military could threaten force. this belief, and his strategy of “speaking softly and carrying a big stick,” shaped much of roosevelt's foreign policy.

social contract theory, nearly as old as philosophy itself, is the view that persons' moral and/or political obligations are dependent upon a contract or agreement among them to form the society in which they liv

a historian is attempting to study how the puritans affected society in new england