Ch.5 section 3: guided reading and review changes in supply a. as you read as you read section 3, supply information to complete each statement in the spaces provided. 1. unable to control price, a profitable producer faced with rising labor and/or materials costs will . 2. new technology affects supply by . 3. european governments’ reasons for subsidizing food producers include . 4. in the past, western european governments subsidized banks and airlines by . 5. the united states government subsidizes such industries as . 6. an excise tax increases production costs by . 7. consumers may be unaware of excise taxes because . 8. government regulations often reduce supply because . 9. during periods of inflation, suppliers may temporarily withhold goods that can be stored for long periods because . answers

it allows businesses to raise prices on basic goods. it allows consumers to spend more money on products. it increases government revenue to fund public projects. it provides more money for government assistance programs.

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d

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before there were tanks, machine guns, windmills, and solar panels, the first civilizations emerged that create the history of humanity which provided the larger context for western civilization. uses of weaponry and technology were used very differently in the ancient civilizations than they are today. relating back to the times of the ancient mesopotamian civilization, technology kept advancing throughout the ancient egyptian civilization into the ancient greek civilization, and then finally the ancient roman civilization. as techniques and strategies were past down from civilization to civilization, each shared its own similarities, as well as varied differences. one trait they had in common was to commit violence and economically overpower one another. technology has ultimately advanced due to the knowledge transferred from generation to generation. uses of sophisticated weaponry and devices have created more opportunity for warfare and improvement in the work place. ancient civilizations became more powerful due to the advancements of technology. technology did not only create the use of violence, but it also the economies grow and become stronger, because production of trading goods rose like never before. the rivers, such as the nile, tigris, and euphrates all flourished, as well as destructed civilizations. each civilization had different uses for these rivers, however, some benefited more than others. when analyzing ancient civilizations, there   are things you must understand

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