IS THE "NEW DEAL" SOCIALISM? A SOCIALIST LEADER ANSWERS; Norman Thomas Says No -- That What Roosevelt Has Done Is To Lay the Foundations for a Structure of State Capitalism.
he filled the senate with new members i think
<u>Answer:
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The idea that best describes the context of President Roosevelt's remarks is 'gaining support for New Deal programs'.
<u>Explanation:
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- The fact that President Roosevelt gave much emphasis on bringing the New Deal programs for the betterment of the citizens of the nation clarified that he would take efforts to convince his subordinates that bringing them was necessary in any given circumstance.
- President Roosevelt took every opportunity to convey to the nation what impact he believes the New Deal programs would make.
Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
Hope it helps!!!
<span>This is likely a case of emotional abuse and infatuation. He is infatuated by her looks and her intelligence, and due to this infatuation, he pours out his "love" for her. However, Javier's girlfriend criticizes him no matter how well he treats her, and he is getting discouraged. If this continues, he has a high chance of getting depressed due to an emotional abuse. When two people are in a relationship, they should be encouraging one another and balancing one another in all ways - physically, emotionally, etc.</span>
