Answer:
They are forces of production and social relations of production.
Explanation:
In Marxism and historical materialism the forces of production are a central idea. In the own critique of political economy by Karl Marx and Frederick Engels, it refers to the combination of the means of labor with human labor power.
forces of production is a term used in political economy that refers to the physical means and production techniques to which laborers add value and transform capital into saleable products.
By " relations of production," Marx and Engels meant the total sum of social relationships that people have to enter to survive, produce, and reproduce their means of living...relations can be social ties, economic relationships, or technological relationships.
Answer:
FV= $362,857.42
Explanation:
Giving the following information:
Initial investment (PV)= $270,000
Number of periods (n)= 5*2 = 10 semesters
Interest rate (i)= 0.06/2 = 0.03
<u>To calculate the future value (FV), we need to use the following formula:</u>
<u></u>
FV= PV*(1+i)^n
FV= 270,000*(1.03^10)
FV= $362,857.42
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Answer:
d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.
Explanation:
In domain of economics, nominal varable are value that can be measured in terms of it's monetary value of the price that exist at that particular period of time. For instance blood type and genotype.
real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.
Answer:
Increased spending power.
Explanation:
At a lower price level, consumers are likely to have higher disposable income and therefore spend more.