[m]ost successful business have to produce good products, sell them at market prices, pay their employees market wages, and treat their customers courteously . . when there are several butcher shops in a community, any butcher who is rude or tries to see inferior meat at unreasonable prices soon loses business and income to other butcher shops. —”a system of markets,” u. s. department of state

what kind of economy is described in the quotation above?

Why is argentina considered to be an emerging market?

City 24-hr average yearly temperature in ºc total yearly precipitation in mm minsk, belarus (former ussr) (53° n, 27° e) shanghai, china (31° n, 121° e) baltimore city, usa (39° n, 76° w) helsinki, finland (60° n, 24° e) banff, canada (51° n, 115° w) kuala lumpur, malaysia (3° n 101° e) 26.5 2393.6 buenos aires, argentina (34° s, 58° w) jakarta, indonesia (6° s, 106° e) questions 1. what factor contributes most to the warm climate of kuala lumpur? 2. banff and minsk are located at similar latitudes. what could account for banff’s average yearly temperature being lower than minsk’s? 3. which city’s climate is most similar to jakarta, baltimore or kuala lumpur? explain your answer. 4. shanghai and buenos aires have located thousands of miles apart and in different hemispheres, yet their climates are similar. what reasoning could explain this?

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