All categories

2 years ago

Does democracy require equality of income or wealth? discuss why democracy might make a country more or less egalitarian?.

Business

1 answer:

Stella [2.4K]2 years ago

5 0

No, democracy DOES NOT require equality of income or wealth.

<h3>What is Democracy?</h3>

This refers to the political system where power belongs to the people and the people elect their leaders.

Hence, we can see that in a country that practices democracy, there is little influence of this political system to make the society more or less egalitarian (equality) and this is because the people have to make their own choice, irrespective of income or wealth.

You might be interested in

Feather Company's inventory is recorded at its historical cost of $100,000. The replacement cost currently is $95,000; estimated

Liula [17]

Answer:

B. $97000

Explanation:

Given that

Estimated selling price = 102000

Estimated selling cost = 5000

Recall that

The net realizable value which is NRV

= Estimated selling price - estimated selling cost

Thus,

NRV = 102,000 - 5000

= 97000

Therefore, the estimated net realizable value is $97000.

Note, the other parameters listed are not used in estimating NRV.

5 0

3 years ago

Read 2 more answers

Problem 3.22: Trade Deficits and J-curve Adjustment Path Assume the United States has the following import/export volumes and pr

Sergio039 [100]

Answer:

The pre-devaluation cost is ($880) and the pst-devaluation trade balance is ($1398)

Explanation:

Assumptions Values

Initial spot exchange rate, $/fc $2.00

Price of exports, dollars ($) * 20.0000

Price of imports, foreign currency (fc) * 12.0000

Quantity of exports, units * 100

Quantity of imports, units * 120

Percentage devaluation of the dollar 18.00%

Price elasticity of demand, imports * (0.900)

a. The pre-devaluation trade balance--

Revenues from exports, $ $2,000

Expenditures on imports, fc * 1,440

Expenditures on imports, $ $2,880

Pre-devaluation trade balance ($880)

b. Resulting trade balance immediately after devaluation

Revenues from exports, $ $2,000

Expenditures on imports, fc * 1,440

New spot exchange rate, after devaluation $2.36

Expenditures on imports, $ $3,398

Post-devaluation trade balance (currency contract period) ($1,398)

8 0

3 years ago

Carly Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $9

ahrayia [7]

Answer:

Straight line method rate = 1/ Number of years * 100 = 1/25*100 = 4%

Double declining balance depreciation = 2*Straight line method rate*Book value

First Year depreciation = 8%*$960,000

First Year depreciation = $76,800

Second year depreciation = 8% * (Book Value as on 1st year - First Year depreciation)

Second year depreciation = 8%*($960,000-$76,800)

Second year depreciation = 8%*$883,200

Second year depreciation = $70,656

4 0

3 years ago

In 2016, the population of the United States was approximately 325 million people, with an annual growth rate of approximately 0

Tpy6a [65]

Answer:

The population would be 1318 million

Explanation:

Acording to the formula

Nt = population size in generation t

No = initial population size.

e= number e

T= number o years

r = rate

<h2>Nt =325 x ( e^{200 * 0.007})</h2><h2></h2><h2>Nt = 1318 millions</h2>

4 0

4 years ago

Which one of these is not a smart way to negotiate? Make counteroffers by phone or in person, so you can use your powers of pers

EastWind [94]

Answer:

Add a personal letter to your offer.

Explanation:

Negotiation is when an agreement or a compromise is reached by parties involved in a deal in order to avoid issues or argument. People negotiate for different reasons such as beating down a price , resolve a problem or dispute among parties, create a new thing in which parties involved are not able to do , or agree on how to share limited resource like money, assets etc.

Negotiation is a skill(soft)which can be learnt by people hence become a strong negotiator. These soft skills include communication, persuasion and ability to strategize . With regards to the above, the odd among the given option is add a personal letter to your offer.

6 0

3 years ago