Why did the South burn Richmond?​

Why Did The South Burn Richmond?

Answers

Answer 1

Answer:

In the final days of the Civil War, fleeing southern troops burnt the city to the ground. In the final days of the Civil War, fleeing southern troops burnt the city to the ground. During the Civil War, Confederate forces vowed to keep the Union Army out of Richmond, Virginia, at any cost.

Explanation:


Related Questions

Why did Jackson have a war against the Bank of the United States?

Answers

Answer:

Jackson, the epitome of the frontiersman, resented the bank's lack of funding for expansion into the unsettled Western territories. Jackson also objected to the bank's unusual political and economic power and to the lack of congressional oversight over its business dealings.

A financial crisis, he thought, would dramatize the need for a central bank, ensuring support for charter renewal in 1836. ... The federal deposits were not returned to the Second Bank, and its charter expired in 1836. President Jackson had won the Bank War

Ok so my sister seen my doppleganger and i searched it up and it said that soon after a death will occur is that true or not?

A doppleganger is a ghostly figure that looks like me

Answers

Answer:

Nah you can't believe everything you see of the internet. Im not 100% sure if it's true or not but I Wouldn't believe it.

Explanation:

Answer:

I don't think it's true and the internet could lie sometimes.

Kings, Nobles, Priests, Warriors,
Merchants, Artisans, Farmers, and Slaves
Which of the above social classes would you like to live in and why?
I NEED EXAMPLES! GIVING BRAINLIEST!

Answers

Answer:

probably artisans

Explanation:

i'm not an artist of any sort, but i think that it would be a pretty cool job. to take something like a blank wall or canvas and turn it into a beautiful masterpiece. merchants might be fun too, to be able to move around and learn a lot about different cultures. but then again, it was different back then so it was harder for everyone

hope this helps:)

how did greek thinkers doubt that the gods created events in nature to encourage education and curiosity

Answers

The correct answer to this open question is the following.

Although there no options attached we can say the following.

Ancient Greece thinkers doubted that the gods had created events in nature to encourage education and curiosity in the following way.

These Greek thinkers and philosophers invited their students to question everything so they could use their minds and logic to come up with answers.

That represented the beginning of the philosophical schools in ancient Greece. Let's put the example of the great Socrates, who taught their students in the Agora, Socratic Mauyeutics was the technique developed by Socrates to establish a dialogue and ask questions after being answered. One question for every answer so students could permanently have an inquisitive mind.

many americans believed that the west was vast open land in fact the land was populated with?

Answers

Native Americans and many animals. There is forests, mountains. It's more than just open land.

Answer: French Canadians, Native Americans, and Mexicans, so the answer is D: all of the above

Explanation:

Nearly 65% of these were purchased on credit by 1928?

A. national print
B. cars
C. Coolidge
D. advertising


6. Companies began running these type of advertising campaigns to reach people all over America?

A. national print
B. cars
C. Coolidge
D. advertising

Answers

Answer:

1 B. Cars

2 A. National print

view anne frank.docx from pols misc at cypress bay high school. 1. what were mat's views on jews and the holocaust at the beginning? he believed that the ...

Answers

At the beginning, people's views on Jews and the Holocaust varied widely, ranging from indifference and ignorance to sympathy and support for Jewish victims.

At the start of World War II and the early stages of the Holocaust, there was limited knowledge and understanding of the extent of Nazi persecution against Jews. Anti-Semitic sentiments were present in various parts of the world, and there were individuals who held negative stereotypes and prejudices towards Jews.

However, as the full horrors of the Holocaust became known, many people began to express shock, horror, and sympathy for Jewish victims. The publication of Anne Frank's diary after the war further humanized the Jewish experience and helped raise awareness and empathy for the Holocaust's victims.

The information you mentioned in your question is not provided. Hence, the answer is general.

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How Did California's Proposed Admission To The Union Affect The Debate Between The North And The South Over Slavery?​

Answers

Answer:

How Did California's Proposed Admission To The Union Affect The Debate Between The North And The South Over Slavery?​

Explanation:

Quizlet  :]

Between 1824, when Andrew Jackson narrowly lost his bid for the presidency, and 1832, when he was elected to his second term in office, U.S. politics underwent a process of reorganization and democratization. The following questions test your knowledge of this important period in antebellum America. The election of 1824 pitted five Republican candidates against one another for the presidency. Each candidate's sectional support brought regional issues to the fore and ended the Era of Good Feelings. This question concerns the election of 1824. What important political development was prompted by the election of 1824?

Answers

Answer:

John Quincy Adams defeated Andrew Jackson in 1824 by garnering more electoral votes through the House of Representatives, even though Jackson originally received more popular and electoral votes. The presidential election of 1824 represents a watershed in American politics.

Explanation:

this might be what your looking for

Even though Andrew Jackson had initially received more popular and electoral votes, John Quincy Adams was able to overcome him in 1824 by accumulating more electoral votes in the House of Representatives.

Who was John Quincy Adams?

From 1825 until 1829, John Quincy Adams, the son of John and Abigail Adams presided as the sixth President of the United States. He held positions as a senator, a member of the house of representatives, and a member of several political parties over the years.

Adams appointed Clay to be Secretary of State after taking office. In 1828, Jackson and his enraged supporters launched a campaign to depose Adams as president after alleging that a "corrupt agreement" had been struck.

Adams did not take kindly to the Jacksonian campaign of 1828, in which they accused him of corruption and public theft. He left Massachusetts after losing, intending to live out the rest of his days on his farm and writing books.

To learn more about John Quincy Adams follow the link.

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1. What is the meaning of the word equivalent in paragraph 3? What clues from the paragraph provide information about the meaning of the word?



Text: According to Hesiod's Theogony, Prometheus' father was Iapetus, his mother was Clymene (or Themis in other versions) and his brothers were fellow Titans Epimetheus (Afterthought or Hindsight), Menoetius, and Atlas. One of Prometheus' sons was Deucalion, an **equivalent** of Noah, who survived a great flood by sailing in a great chest for nine days and nights and who, with his wife Pyrrha, became the founder of the human race.

_________________________________________________________


2. What is the meaning of the term man’s benefactor in paragraph 7? What clues from the paragraph provide information about the meaning of the word?



Text: Zeus was outraged by Prometheus' theft of fire and so punished the Titan by having him taken far to the east, perhaps the Caucasus. Here Prometheus was chained to a rock (or pillar) and Zeus sent an eagle to eat the Titan's liver. Even worse, the liver re-grew every night and the eagle returned each day to perpetually torment Prometheus. Fortunately for **man's benefactor,** but only after many years, the hero Hercules, when passing one day during his celebrated labours, killed the eagle with one of his arrows. In Hesiod's Works & Days we are told that Zeus punished man for receiving the fire by instructing Hephaistos to create the first woman, Pandora, from clay and through her all the negative aspects of life would befall the human race - toil, illness, war, and death - and definitively separate mankind from the gods.

** - word you need to focus on

Answers

Answer:

for the first one its an equal im pretty sure

Explanation:

if people are similar to you sometimes you call them equals

PLEASE ANSWER!!!

The environments in North America affected the growth of early civilizations
by:
O A. making it almost impossible for societies to trade with each other.
B. forcing all societies to remain hunters and gatherers.
C. determining the resources the societies used to survive.
O D. preventing any society from forming big cities.

Answers

Answer:

i think the answer would most likely be c

Answer:

C) determining the resources the societies used to survive

Explanation:

Due to the different climates in each region, people had to adapt in order to have food and shelter.

What should African Americans do to gain their rights?

Answers

Answer:

?

what do you mean, all men are created equal

Explanation:

Florence, Milan, Venice, and Genoa were all examples of what vocabulary word

Answers

Answer:

I do apologize if I'm wrong but they where trading centers.

Explanation:

What do a Republic (Representative Democracy) and Direct Democracy
have in common?

(A) Rule by a single political party

(B) Rule by the people

(C) A small group of leaders

(D) A single leader

Answers

Answer:

a

Explanation:

a

Which of the following battles marks the turning point of World War II in the Pacific Theatre?

A) Iwo Jima
B) Pearl Harbor
C) Midway
D) Okinawa

Answers

Answer:

C) Midway

Explanation:

the leader of the double quartet that recorded free jazz in 1960:

Answers

The leader of the double quartet that recorded free jazz in 1960 is Ornette Coleman (option a).

Free jazz was a term used to describe a new style of jazz that emerged A new form of jazz that appeared in the late 1950s and early 1960s was known as "free jazz," and it was connected to the avant-garde movement. In favour of a more improvised approach to improvisation, free jazz abandoned the traditional norms of jazz, such as chord changes and set melodies.

Free jazz was greatly influenced by Ornette Coleman, whose record "Free Jazz: A Collective Improvisation" is regarded as a classic of the genre.

In 1960, Coleman led a double quartet that recorded the album "Free Jazz: A Collective Improvisation." The album features two quartets playing simultaneously, with Coleman on alto saxophone, Don Cherry on cornet, Scott LaFaro on bass, and Billy Higgins on drums in one quartet, and Eric Dolphy on bass clarinet, Freddie Hubbard on trumpet, Charlie Haden on bass, and Ed Blackwell on drums in the other quartet. The album is considered one of the most influential free jazz recordings ever made. The correct option is a.

The complete questio is :

The leader of the double quartet that recorded free jazz in 1960:

a) Ornette Coleman

b) Albert Ayler

c) None of the above

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PLEASE HELP ME I REALLY NEED THESE ANSWERED
how did the Battle of Antietam impact the civil war?
how did the Battle of Gettysburg impact the civil war?
how did the Siege of Vicksburg impact the civil war?
how did the Battle of Chickamauga impact the civil war?

Answers

Answer:The Battle of Antietam was one of the most important events of the American Civil War. ... The battle ended the Confederate invasion of Maryland in 1862 and resulted in a Union victory. It also led to President Abraham Lincoln issuing the Preliminary Emancipation Proclamation on September 22, 1862.

Explanation:

The Battle of Antietam was one of the most important events of the American Civil War. ... The battle ended the Confederate invasion of Maryland in 1862 and resulted in a Union victory. It also led to President Abraham Lincoln issuing the Preliminary Emancipation Proclamation on September 22, 1862.

I will give brainlist please help

Answers

Answer:

Alexander Hamilton if not him then James Madison.  Hope this helped.

Explanation:

summary of the battle of lewisburg?

Answers

Answer:

The Battle of Lewisburg took place in Greenbrier County, Virginia (now West Virginia) on May 23, 1862. At 5 a.m., a Confederate force of approximately 2,300 soldiers commanded by Brigadier General Henry Heth attacked a Federal force of 1,400 soldiers commanded by Colonel George Crook encamped on the outskirts the town of Lewisburg.

Explanation:

Is this good enough? Sorry if it doesn't

Answer:

On May 23, 1862, soldiers of the North and South met in battle in the little town of Lewisburg. The victorious Union commander, Col. George Crook, passed the first important milestone in a military career which led eventually to fame as enduring as the hills. In 1862 the South was anxious to regain the valley, and the North wanted to carry the war across the mountains into central Virginia. For the unfortunate loser, Gen. Lewisburg was in the middle. On May 22, Heth's soldiers drove in Union pickets met near the Greenbrier River, where General Henry Heth was allowed to pass with all the politeness due a body of troops with such very evident fitness to take care of any situation that might arise. He had built covered sheds so they could drill during bad weather, and had the first really hardboiled army ready for action.

In those days Lewisburg had a population of about 800, six stores, one newspaper, three churches, and one academy. The Virginia Supreme Court of Appeals met here regularly, and in the first red brick building built west of the Alleghenies the jurists could consult a well-stocked library. His center stretched north on land lying above present Lee Street, behind the high school, and his right was in a wheat field on what is now the drill field of Greenbrier Military School. He sent his wagons west and formed his line of battle. At 5 a.m. Heth's artillery began bombarding the town and the Union camp on the opposite bluff, across the depression of the town proper. The 36th Ohio under Lt. Col. M. Clark was the 36th. Ohio Under Lt. Dr. Clark. He wrote later he was "at the foot of a. foot of an altitude of some 50 feet.

Explanation:

Who took over Reconstruction after 1867?
Radical Republicans
A coalition of moderate Democrats and
moderate Republicans
Radical Democrats

Answers

Answer:

President Andrew Johnson

Explanation:

Answer:

Moderate Democrat

Explanation:

PLZ HELP ME is an example of a major event in The Diary of a Young Girl?

Anne’s class is nervous to find out who will move on to the next grade.

Moortje the Cat is left behind to be taken care of by the neighbors.

Anne’s family moves into the Secret Annex to wait out the war.

Anne accidentally breaks one of Mrs. Van Daan’s soup plates.

Answers

Heya!

The answer is as follows:

Anne’s family moves into the Secret Annex to wait out the war.

Answer:

Anne’s family moves into the Secret Annex to wait out the war.

Explanation:

I actually did this before

hope this helps! :)


1. How can war unify a country

Answers

Answer:

They realize they were wrong and decide o come together or one pulls out the white flag and surrenders

Explanation:

Answer and Explanation:

The war can be between a minority who have similar traits and are people who are fighting for the same cause, such as the wars the US had against Great Britain for independence.

People with similar cultures or backgrounds can become united together in a war, so that they can go against what they believe isn't right or what they believe is right for them.

#teamtrees #PAW (Plant And Water)


Please Answer Fast will give Brainliest!!!!!

Answers

A nomad is a member of a community without fixed habitation which regularly moves to and from the same areas. Such groups include hunter-gatherers, pastoral nomads, and tinkers or trader nomads.

Prophet

A person regarded as an inspired teacher or proclaimer of the will of God.

The Bedouin, Beduin or Bedu are nomadic Arab Tribes who have historically inhabited the desert regions in the Levant, the Arabian Peninsula, Upper Mesopotamia, and North Africa. However, the Arabian Peninsula is the historic and original homeland of the Bedouin Arabs.

Submission

The action or fact of accepting or yielding to a superior force or to the will or authority of another person.

Hope this helps!

THIS IS THEANSWER, HAVEN'T GOTTEN A GRADE YET THO BUT IT'S RIGHT

Describe how globalization has changed culture over time.

a) Identify ONE way in which popular and consumer culture became more global in the second half of the 20th century as a result of political and social changes.

b) Identify ONE way in which entertainment shows the influence of globalized society.

c) Explain ONE way in which consumer culture became globalized and went beyond national borders.

A) One way in which popular and consumer culture became more global in the second half of the 20th century as a result of political and social changes was the fact that relations between countries were starting to get better, and in turn trade increased rapidly. Trade organizations such as the World Trade Organization and the European Union were being created, and global markets were starting to open up more and more as time went on. Popular and consumer culture was diffused through this process of increasing relations, as popular culture in other countries could be spread, and common consumer culture was easily spread through the increasingly prevalent global market that was being created.



B) One way in which entertainment shows the influence of globalized society is the fact that entertainment in foreign countries often shows the effects of westernization. What I mean by this is that in other countries such as ones in Eastern Asia and the Western Pacific, often watch American or European media, and this influences their customs, and influences society as a whole. Entertainment itself is an effect of globalization, as many TV shows are made overseas and are marketed to foreign audiences, which wouldn’t be able to happen without globalization. So, entertainment very effectively shows the influence of globalized society, as it shows how foreign businesses can now easily make it onto the most used household appliances.



C) One way in which consumer culture became globalized and went beyond national border is the introduction of technology as a medium of shopping. Technology has heavily advanced the consumer experience, as you can shop from anywhere in the world, and get a product made anywhere in the world, and get it shipped right to you. Consumer culture has become globalized through this, and has easily gone beyond national borders, as there are little restrictions on e-commerce as compared to regular commerce, and the globalization of consumer culture has increased rapidly as a result.

Answers

Nice work! You oughta answer more often so people can see your great responses. My answer is below if anyone needs it.

a) Identify ONE way in which popular and consumer culture became more global in the second half of the 20th century as a result of political and social changes.

Popular and consumer culture spread across the globe as a result of the many political and social changes that occurred in the 20th century. This can be seen widely through Reggae, World Cup soccer, Bollywood, the Olympics, etc. "The Olympics truly took off as an international sporting event after 1924, when the VIII Games were held in Paris. Some 3,000 athletes (with more than 100 women among them) from 44 nations competed that year, and for the first time, the Games featured a closing ceremony" (history.com) explains how the Olympics became an international event with participants from across the globe. American pop culture spread throughout the globe and was accepted in many countries, even with the imposing threat of the Cold War.  

b) Identify ONE way in which entertainment shows the influence of globalized society.

TV shows and Internet series of on-demand digital companies have influenced the behavior and customs of other parts of the world. "By the start of the twenty-first century, improvements in communication technology allowed American television programs to reach distant places around the world. As of 2004, the twenty-four-hour cable news channel CNN broadcast to more than 200 countries around the world, while MTV reached 176 and Nickelodeon was available in 162" (encyclopedia.com) explains how television has become so globalized that it allows the world to stay connected, and promotes countries to observe the culture from across the globe.

c) Explain ONE way in which consumer culture became globalized and went beyond national borders.

"Consumer culture is a form of material culture facilitated by the market, which thus created a particular relationship between the consumer and the goods or services he or she uses or consumes" (oxfordbibliographies.com). Consumerism in the U.S. spiked rapidly as early as the 1920s and spread throughout the globe after trading between countries reopened after WWII and the end of the Cold War. Consumerism became even more widespread when online shopping was pioneered, such as Amazon and Alibaba.

Answer:

[tex] \huge\green{ \mid{ \underline{ \overline{ \tt ♡ WOW ♡ }} \mid}}[/tex]

Ty for ur help

The passage describes how the British neglected their newfound
colony, the United States. It was during this time that Americans
decided what kind of government ideals and values they wanted.
Based on what you have read, why would America choose a
democracy with similar values to the Ancient Greeks? Which aspects
of democracy do you agree that the United States should have
chosen? Are there any characteristics that you would not have voted
for, as an early American leader? Explain your answers using details
from this passage, as well as your knowledge of current events.

Answers

Answer:

The United States has a complex government system. One important tenet of this system is democracy, in which the ultimate power rests with the people. In the case of the United States, that power is exercised indirectly, through elected representatives. Although the U.S. has been a strong proponent of democracy, it did not invent democracy. The Greeks are often credited with pioneering a democratic government that went on to influence the structure of the United States. Read this article that describes how elements of ancient Greek democracy heavily influenced the figures that designed the United States government.

Colorists were barned
from producing
finished goods
Conists were to
provider
materials for England
Colonial imports had
siped to England
Ernted guts could
Mercato
How did opposition to this system affect the economy of the early
republic?
1
G Cottage workers needed governmental assistance,
H Interstate trade taxes were forbidden
FThe government prevented taxes on domestic goods.
JA free enterprise system was adopted

Answers

Answer:

"Cottage workers needed government assistance"

define a peace treaty​

Answers

Answer:

My definition: A peace treaty is an agreement between two or more hostile parties, usually countries or governments, which formally ends a state of war between the parties.

Explanation:

Prior to the late 1400s, Europeans did not eat potatoes or corn because these vegetables: (no links no viruses) if you do links I will report you! If you get it right will mark brainlist!
A:were believed to be poisonous.
B:were too expensive to import from China.
C:had not yet been introduced from the New World.
D:were too labor-intensive to grow without slave labor.

Answers

It is C-had not yet been introduced from the Nee World

Which of the following completes the graphic?

Union wins battle of Gettysburg

Cotton gin leads to an increase in slave trade

United States obtains the Louisiana purchase

President Andrew Johnson impeached

Answers

Answer:

I think it is a, union wins battle of gettysburg.

Explanation:

because its definatly not c, or b and Andrew Johnson wouldnt lead to reconstruction.

A frontier is usually located in the center of a settled area.

True
False

Answers

Answer:

this is what I found: "Frontier areas may be defined at the community level by county, ZIP code or census tract; however, they are most often delineated by county. Many frontier counties are located in the West, a part of the country where individual counties tend to cover a large geographic"

I'm not too sure if that means it's TRUE or false tho. I'm sorry

Answer:

true.

Explanation:

A frontier is something that separates countries, so yes.

Other Questions
What is the meaning of the "Pacific Solution" in addressing migratory flows? In your opinion, does it involve discrimination against the migrants? Explain. Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $288,000 for the year. Direct labor hours are estimated to be 18,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During May, Darling Company accumulated 620 hours of direct labor costs on Job 200 and 540 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and 305 in May. c. Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate. If an amount box does not require an entry, leave it blank. The population P of rabbits in a forest grows exponentially and can be approximated by the equation Praekt [2] where i represents the time in months, and a and k are constants. (a) The following table shows the population for various values of t. Complete the third row of the table by calculating the values of In P Time (1) 3 10 12 15 20 25 28 30 34 Population (P) 540 1100 1325 1797 2962 4864 6601 801211902 In P [2] (b) If InP=mt+c use least-squares regression to determine the values of m and c. [3] (c) Hence calculate the values of a and k. Solve for x (in radian): 3sin x = sin x + 1 for 0 x 2 when was the dollar worth more than it was today? 2016 1960 1990 1880 Christaker is considering transitioning to a new job next year. He will either keep his current job which pays a net income of $80,000 or switch to a new job. If he changes jobs, his net income will vary depending on the state of the economy. He estimates that the economy will be Strong with 20% chance ($89,000 net income), Average with 40% chance ($78,000 net income), or Weak with 40% chance ($64,000 net income).Part A1. What is the best expected value for Christaker and the corresponding decision using the Expected Monetary Value approach? $ 2. What is the expected value of perfect information (EVPI)?$Part BChristaker can hire Sandeep, a mathematical economist, to provide information regarding the state of the economy next year. Sandeep will either predict a Good or Bad economy, with probabilities 0.45 and 0.55 respectively. If Sandeep predicts a Good economy, there is a 0.32 chance of a Strong economy, and a 0.64 chance of an Average economy. If Sandeep's prediction is Bad, then the economy has a 0.56 chance of being Weak and 0.3 chance of being Average.1. If Sandeep predicts Good economy, what is the expected value of the optimal decision? $2. If Sandeep predicts Bad economy, what is the expected value of the optimal decision? $3. What is the expected value with the sample information (EVwSI) provided by Sandeep? $4. What is the expected value of the sample information (EVSI) provided by Sandeep? $5. If cost of hiring Sandeep is $455, what is the best course of action for Christaker? Select an answer Don't hire Sandeep; cost is greater than EVSI Hire Sandeep; cost is greater than EVSI Hire Sandeep; cost is less than EVSI Don't hire Sandeep; cost is less than EVSI6. What is the efficiency of the sample information? Round % to 1 decimal place. % nuclear weapon with the explosive power of 10 kilotons of tnt will have a fallout radius of up to 6 miles. this is an example of a positive statement. In the multiple regression model, the adjusted R2,A) cannot be negative.B) will never be greater than the regression R2.C) equals the square of the correlation coefficient r.D) cannot decrease when an additional explanatory variable is added Peer-pressure, self-centered thinking, close-mindedness, selective memory are the examples of: A. barriers to critical thinking 3 B. ineffective learning C. barriers to creative learning Which of the following formulas provides the proper definition of autotrophic respiration? a. Ra=NPP+GPPb. Ra=NPPGPPc. Ra=GPPNPPd. Ra=NPP/GPP Which of the following is not consistent with the resilience model proposed by Miller-Kraus?A.This resilience model is based on neurophysiology.B.The resilience zone in an internal state of adaptability and flexibility.C.We feel our best when we have a strong sympathetic system to regulate emotions.D.We feel our best and deal effectively with life when we are in our resilience zone. Choose one character from The Call of the Wild and explain how the author created him or her. Share at least three elements of characterization and give examples of each for your chosen character. Your response should address each part of the question. Use details from the book to support each description. Can someone help me with doing this about Buck? I need some help on it Set up the integral for the area of the surface generated by revolving f(x)=2x^2+5x an [2.4] about the y-axis. Do not evaluate the integral. a comma separated values (csv) file is a simple text-based file format that uses commas to separate _____. what are the main reasons the cockpit crew allowed the plane to run out of fuel? what non-zero integer must be placed in the square so that the simplified product of these two binomials is a binomial: $(3x 2)(12x-\box )$? Consider 17-bit floating point representation like IEEE 754 with 5 bits for the exponent and the bias as 15. Which of the following expression would cause underflow?A. 58.971 x 2B. 2.640625+0 - [infinity]C. 2-+22.444D.-21.018 x 2 rank 13E. None of the above a. Pitcher Inc. has issued the following 2 bonds with a face value of $1,000. Bond Years to Maturity Coupon rate Coupon frequency A 11 years 10% Semi-annual 11 years 3% Semi-annual Given the market rate of interest is 7% 1. What is the price of bond A? (2.5 marks) 2. What is the price of bond B? (2.5 marks) 3. Which bond's price is more sensitive to the changes in interest rate? Explain. (2 marks) b. Why does the default risk premium vary over the business cycle? (3 marks) BO Barnacle Industries was awarded a patent over 15 years ago for a unique industrial strength cleaner that removes barnacles and other particles from the hulls of ships. Thanks to its monopoly position, Barnacle has earned more than $160 million over the past decade. Its customers-spanning the gamut from cruise lines to freighters-use the product because it reduces their fuel bills. The annual (inverse) demand function for Barnacle's product is given by P-450 - 0.0003Q, and Barnacle's cost function is given by q) = 280Q. Thanks to subsidies stemming from an energy bill passed by Congress nearly two decades ago, Barnacle does not have any fixed costs: The federal government essentially pays for the plant and capital equipment required to make this energy-saving product. Absent this subsidy, Barnacle's fixed costs would be about $7 million annually. Knowing that the company's patent will soon expire. Marge, Barnacle's manager, is concerned that entrants will qualify for the subsidy, enter the market, and produce a perfect substitute at an identical cost. With interest rates at 5 percent, Marge is considering a limit pricing strategy. What would Barnacle's profits be if Marge pursues a limit-pricing strategy if the subsidy is in place? $____ Instructions: Enter your responses to the nearest penny (two decimal places). What would Barnacle's profits be if Marge convinces the government to eliminate the subsidy? What would be the profit of a new entrant if the subsidy is eliminated and Barnacle continues to produce the monopoly level of output? 3. Voluntary contributions toward a public good Susan and Becky are considering contributing toward the creation of a water fountain. Each can choose whether to contribute $300 to the water fountain or to keep that $300 for a cell phone. Since a water fountain is a public good, both Susan and Becky will benefit from any contributions made by the other person. Specifically, every dollar that elther one of them contributes will bring each of them $0.90 of benefit. For example, if both Susan and Becky choose to contribute, then a total of 5600 would be contributed to the water fountain. So, Susan and Becky would each receive $540 of benefit from the water fountain, and their combined benefit would be $1,080. This is shown in the upper left cell of the first table. Since a cell phone is a private good, If Susan chooses to spend $300 on a cell phone, Susan would get $300 of benefit from the cell phone and Becky wouldn't receive any benefit from Susan's choice. If Susan still spends $300 on a cell phone and Becky chooses to contribute $300 to the water fountain, Susan would still receive the $270 of benefit from Becky's generosity. In other words, If Susan decides to keep the $300 for a cell phone and Becky decides to contribute the $300 to the public project, then Susan would receive a total benefit of $300 + $270 = $570, Becky would receive a total benefit of $270, and their combined benefit would be s840. This is shown in the lower left cell of the first table. Complete the following table, which shows the combined benefits of Susan and Becky as previously described. Becky Doesn't contribute S Contributes $1,000 $840 Contributes Doesn't contribute Susan of the four cells of the table, which gives the greatest combined benefits to Susan and Becky? When both Susan and Becky contribute to the water fountain When neither Susan nor Becky contributes to the water fountain When Susan contributes to the water fountain and Becky doesn't, or vice versa of the four cells of the table, which gives the greatest combined benefits to Susan and Becky? O When both Susan and Becky contribute to the water fountain When neither Susan nor Becky contributes to the water fountain O When Susan contributes to the water fountain and Becky doesn't, or vice versa Now, consider the incentive facing Susan individually. The following table looks similar to the previous one, but this time, it is partially completed with the individual benefit data for Susan. As shown previously, if both Susan and Becky contribute to a public good, Susan receives a benefit of $540. On the other hand, if Becky contributes to the water fountain and Susan does not, Susan receives a benefit of $570. Complete the right-hand column of the following table, which shows the individual benefits of Susan. Hint: You are not required to consider the benefit of Becky. Becky Doesn't contribute Contribute $540, -- Contribute $ Susan Doesn't contribute $570, -- If Becky decides to contribute to the water fountain, Susan would maximize her benefit by choosing the other hand, if Becky decides not to contribute to the water fountain, Susan would maximize her benefit by choosing to the water fountain. On to the water fountain. These results illustrate Doesn't contri the free-rider problem to the water fountain. On the Tragedy of the Commons If Becky decides to con Juld maximize her benefit by choosing the other hand, if Beck the creation of a positive externality fountain, Susan would maximize her benefit by choosing water fountain. why markets are efficient to the These results illustrate the Tragedy of the Commons