7. Apple believes that due to competition, the price of its IPOD will decrease in the future. What will happen to the supply of IPODS today?

Scenario: the economy of country y has been in an economic downturn for the last several months. recently, businesses have invested in new technologies in order to produce the goods that consumers are demanding within the nation's own borders. the government has removed regulations to allow producers and consumers to have more financial freedom. as a result, consumer spending has increased and the economy has begun to improve. use the drop-down menus to complete the sentences. according to the information presented about country y, the classical economic concept of ( the invisible hand, consumer efficiency, government regulations) can be seen. the economic events of country y demonstrate the idea of laissez faire because the government (did, did not) intervene in economic events.

In a market economy, what does a producer mean when it asks, "is there a market for my products? is there a place where we can sell our products? " "ls our product being made more cheaply overseas? " will consumers need and want to buy our products? " will the government support demand for our products? "

New communication technologies, improved transportation, and advanced military weapons made it possible for countries to speed up acquiring territory. rule large amounts of territory. fight off competition from opposing nations. expand their economies, which aided in conguest.