Answer:
Karl Marx
Explanation:
Karl Marx was a German economist that lived in the 19th century. His definition of capital as the most important factor of production was actually quite accurate and advanced for his time. He was the first major economist to state that capital by itself was enough to generate wealth.
He also proposed socialism as the higher stage of capitalism, which actually works in many European nations which are considered social democracies, e.g. Sweden, Norway, Denmark, Holland, Germany, etc., and at the same have the highest standards of living in the world.
Personally, I believe that his major flaw was to go a few steps further and believe in communism and that it would solve all of humanity's problems. Communism is not the same of socialism, since socialism believes in an economy under the influence of the state but also supports individual merit and private property. E.g. someone that works hard should be paid more, i.e. personal wealth is not bad. On the other hand, communism believes that the state must control the economy and that individuals should be rewarded based on their needs, not their work. It doesn't matter if you work hard or not even work at all, the state must satisfy your needs.
Answer:
The correct answer to the following question will be "raise prices in dollars".
Explanation:
- Forex trading refers to the acquisition as well as the sale of currency pairs predicated mostly on the relative value within each exchange rate to some other currency which is the pair. While the U.S. based global financial crisis appeared clear that it had expanded worldwide, creditors rushed back to relative dollar protection.
- Whenever a European-based international business chooses profitability to be preserved for products transported to either the United States market, the organization should increase dollar prices.
Answer:
The correct option is;
Buy low and sell high
Explanation:
To "buy low and sell high" is a market strategy that involves the idea of buying stocks or goods or other financial instruments, when the market value is at the lowest, and sell when the prices are high or at their peak
That is a profit is made when traders buy stocks or goods at a price lower than they sell
The idea to buy low and sell high is aptly applied to stock market trading that have cycles of high and low prices. But it is also very much applicable to real estate and property, as these are more tangible items although they operate sometimes at a smaller scale.
Answer:
What represents the value of the second-best alternative that a person gives up when making a choice?
Opportunity cost
Explanation:
Opportunity cost entails the next value best to alternative available, the availability to choose from pool of alternatives results into an opportunity cost
Answer:
$452
Explanation:
The amount of depletion per ton is computed below.
= (Acquired cost of coal mine + Intangible development costs + Fair value of the obligation - Sale value) ÷ Number of estimated tons of coal extracted
= ($1,920,000 + $353,000 + $193,000 - $208,000) ÷ 5000
= $452
The amount of depletion per ton is therefore $452
