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2 years ago

What advantage did the soviet union have in directing resources toward a total war economy?

1 answer:

7 0

It is advantageous when it comes to mobilizing resources and industrial workers for the war. Most countries struggled to adapt to a full war economy, but Russia's command economy was already so close to this concept that it was easier to require citizens and businesses to participate in the war.

Increased military spending during conflict creates employment, and additional economic activity and contributes to the development of new technologies that can penetrate other industries. These are some of the well-discussed positive benefits of increased government spending on military spending.

All-out wars like World War I and World War II mobilize all the resources of society (industry, finance, labor, etc.) to fight the war. It also extends the purpose of the war to include all civilian resources and infrastructure.

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Economists use the term "money" to refer to___________.a. those types of wealth that are regularly accepted by sellers in exchan

Orlov [11]

Answer:

The correct answer is A

Explanation:

Money is an unit of economic which functions as usually recognized medium for the exchange for the purpose of the transactional in the economy. It provides the service for decreasing the transaction cost.

So, money refer to the kind of wealth, which is regularly accepted by the sellers in exchange for the services and the goods.

8 0

3 years ago

Which of the following is an economic cost of instability?

exis [7]

An economic cost of instability would be increase in unemployment - a.

Having a very volatile (instable) market can create problems which make it more unsure how people would be able to keep a job for a longer time-frame. When a market is volatile, this essentially means that a lot of changes can happen very fast - making it unstable for people and their jobs.

7 0

4 years ago

Jeff wants to open a basic savings account. He should go to

Stels [109]

Answer:

a bank

Explanation:

that is where you open a savings account

7 0

3 years ago

You have older parents who have been saving for retirement for decades. They are now getting close to retirement age and are loo

Elis [28]

Based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.

<h3>How does inflation redistribute purchasing power?</h3>

Inflation redistributes purchasing power by giving less value to lenders and savers than to borrowers and investors.

The purchasing power of a fixed money plan decreases. On the other hand, the purchasing power from variable investment changes with inflation.

A business would also increase its value over time more than a fixed investment.

Thus, based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.

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6 0

2 years ago

If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many

GuDViN [60]

Answer:

2,400 Yens

Explanation:

exchange rate for buying Japanese Yen is 12 Yens per Dollar

1 dollar : 12 Yens

how many Yens do you need to buy 200 Dollars for?

Let

x = number of Yens needed

200 dollars : x Yens

Equate the ratios to find x

1 dollar : 12 Yens = 200 dollars : x Yens

1/12 = 200/x

Cross product

1 * x = 12 * 200

x = 2,400

x = number of Yens needed = 2,400 Yens

7 0

3 years ago