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EastWind [94]
3 years ago
7

At the end of WWII, the US took charge to reshape Japan’s government and economy. The Allies punished Japan for its past militar

ism and expansion by convening war crimes trials in Tokyo. At the same time, the Japanese Army was dismantled, and former military officers were banned from taking roles of political leadership in the new government. In the economic field, land reform was introduced, designed to benefit the majority tenant farmers and reduce the power of rich landowners, many of whom had advocated for war and supported Japanese expansionism in the 1930s. MacArthur, the US general in charge of the occupation also tried to break up the large Japanese business conglomerates, or zaibatsu, as part of the effort to transform the economy into a free market capitalist system. In 1947, Allied advisors essentially dictated a new constitution to Japan’s leaders. Some of the most profound changes in the document included downgrading the emperor’s status to that of a figurehead without political control and placing more power in the parliamentary system, promoting greater rights and privileges for women, and renouncing the right to wage war, which involved eliminating all non-defensive armed forces. In response to these changes, there was an increase in the cooperation of manufacturers, suppliers, distributors, and banks in closely knit groups called keiretsu. Additionally, good relations between unions and government bureaucrats led to the guarantee of lifetime employment in big corporations. Japan quickly became the second largest economy in the world during and sometime after the Cold War (excluding the USSR).
Which of the following concepts best describes all of these changes made in post-war Japan that lead to Japan's economic achievement?

Inclusive economic institutions
Creative Destruction
Virtuous circle
Rule of Law
Business
1 answer:
VARVARA [1.3K]3 years ago
6 0

Answer:

Inclusive economic institutions

Explanation:

Daron Acemoglu explains on his book titled 'Why Nations Fail' the roots and causes of economic development. For this author the most important component of progress is the stablishment of economic institutions which permits the integration and cooperation of society, defined by inslusive economic instituions instead of extractive ones.

In this particular case, the US autorities implemented a free market economy which correspond to an inclusive institution and replacing the old economy.

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For the coming year, River Company estimates fixed costs at $109,000, the unit variable cost at $21, and the unit selling price
zzz [600]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $109,000

Unit variable cost= $21

Selling price= $85.

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 109,000/ (85 - 21)

Break-even point in units= 1,703 units

Now, we need to include the desired profit:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (109,000 + 150,000) / 64

Break-even point in units= 4047 units

Sales= 500,000

Variable cost= 5,882*21= (123,522)

Contribution margin= 376,478

Fixed costs= (109,000)

Net operating income= $267,478

8 0
2 years ago
Smith Jewelry Store sells 20 pieces of jewelry per day at an average price of $20 per piece. Assume Smith’s cost for the jewelry
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Answer:

$12,000

Explanation:

Take 20 pieces $20 average price per piece 30 days

= $12,000 expected sales for the month

3 0
3 years ago
Select best example below illustrative of transaction costs.a. All of the above b. The costs of various dinners during which a c
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Answer:

The correct option is A

Explanation:

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Transaction costs can be of different types which are:

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3 years ago
I’ll give 20 points to the best answer !!!
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Answer:

The answer is "Slide Master View"

Explanation:

Slide Master Look is indeed the name of this feature. This can help you keep track of all the presentations you've created and change those ones that require work or even more information. The additional feature is the ability to change the presentation's actual picture, as it may be extended to all slides. Slide master view also allows you to change the text format & placeholders.

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Items such as cookies, crackers, and potato chips have separate schemas. However, these can be clustered into one category becau
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Answer:

The answer is A. Taxonomic categories

Explanation:

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In the question above, cookies, crackers and potato chips are different products, but they all share a similarity, which is that they're all snack foods and therefore are under the same taxonomic category.

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