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HACTEHA [7]
3 years ago
12

A country wants to create a fair economy for its people. The government takes control over the country's biggest companies and p

uts groups of workers in charge. All citizens are encouraged to share the wealth produced in these companies equally, This situation best reflects the influence of which economic thinker? O A. Adam Smith O B. Karl Marx O C. John Maynard Keynes O D. Thomas Robert Malthus​
Business
1 answer:
Komok [63]3 years ago
4 0

Answer:

B). Karl Marx

Explanation:

Karl Marx is the economic thinker whose influence has been best reflected in the given situation as it talks about socialism which is the intermediate phase between capitalism and attaining full communism as per Marx. Socialism advocates collective pr governmental ownership and administration of the means of production and distribution of goods as mentioned in this situation. It is the foundation to communist society (Marx's proposed version of an ideal economy) where the people hold the ownership of distribution of resources collectively. Thus, <u>option B</u> is the correct answer.

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6 0
4 years ago
If the Fed was worried about overheating (GDP growing too fast, inflationary pressures building), then the appropriate open mark
oksano4ka [1.4K]

Answer:

The answer is false

Explanation:

Open market operations is a situation in which the Federal purchases and sells U.S. Treasury securities on the open market in order to regulate the supply of money in the economy.

If the Fed purchases securities in the open market, this increases the money supply in the economy. This is done when the economy is having low activities i.e economic hardship. Interest rate will be and if the Fed sells securities in the open market, it reduces the supply of money in the economy. This is done when the economy is overheating.

8 0
4 years ago
When a company shifts from a traditional cost system in which manufacturing overhead is applied based on direct labor-hours to a
Dimas [21]

Answer:

True

Explanation:

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This is a much more complex costing method than just assigning overhead costs based on direct labor hours or machine hours.

6 0
3 years ago
A system by which employees jointly determine specific performance goals with their supervisors, where progress toward goals is
Ghella [55]

Answer:

The correct answer is Goal setting.

Explanation:

The setting of goals is identified as a procedure that leads the subject to achieve or achieve certain objectives by providing direction to their actions.

When people set out to achieve something in their lives, they are few times that they can say that they did it without problems. Almost always some kind of difficulty or setback arises.

And it is not for less, to a mind that is not adapted to the achievement of goals, it will be very difficult to succeed. As much as I try in a thousand ways.

The important thing then, is to make the Goals Settlement a habit, and each habit begins with a repetitive action.

3 0
3 years ago
1.Why is GDP / Capita a more accurate way of determining the well-being of a people?
Vesnalui [34]

Answer:

1. GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology. 2. Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars. 3. Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation. 4. The four stages of the cycle are expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle. Insight into economic cycles can be very useful for businesses and investors.

Explanation:

I hope this can help :)

5 0
2 years ago
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