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Snezhnost [94]
3 years ago
7

What are the two facets of a mode of production according to E.K. Hunt? Define them.

Business
1 answer:
pentagon [3]3 years ago
3 0

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.

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A __ in the money supply will cause interest rates to decrease, which, in turn, causes spending to__
gogolik [260]

Answer:

A <u>increase</u> in the money supply will cause interest rates to decrease, which, in turn, causes spending to <u>increase.</u>

7 0
3 years ago
Read 2 more answers
According to liquidity preference theory, equilibrium in the money market is achieved by adjustments in
sashaice [31]

Answer:The correct option is 'd': The interest rate.

Explanation:

According to Liquidity preference theory money is considered as 'liquid' meaning that liquidity preference is the demand for money.

According to this theory if our investments are more liquid then we ought to cash in for full value as cash is often accepted as most liquid asset.

Thus the liquidity of cash can be controlled by adjusting the interest rates as equilibrium in the money markets is achieved when the demand equals the supply.

4 0
3 years ago
Bank capital can best be described as a. the location of most of the major banks of a country. b. the accumulated amount of rese
LenKa [72]

Answer:

c. funds contributed by shareholder purchasers of a bank's stock plus the accumulated retained earnings.

4 0
3 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $673,000. Chan records it
Rudiy27

Answer:

bad debt expense   2,019 debit

       allowance for uncollectible amount  2,019 credit

--to record estimated bad debt expense--

allowance for uncollectible amount 337 debit

                    accounts receivables               337 credit

--to record write-off of P.Park  Account--

accounts receivables               337 debit

       allowance for uncollectible amount 337 credit

--to reverse write-off of P-Park account--

cash                                         337 debit

       accounts receivables               337 credit

--to record collection of P-Park account--

Explanation:

<em>bad debt expense</em> 673,000 x 0.30% = <em>2,019‬</em>

<em />

The write off decreases both, the allowance and accounts receivables

As Park pay up his old debt, the entry is reversed. Then we record the collection as normal.

6 0
2 years ago
If it is approved by legislators in member countries, the United States-Mexico-Canada Agreement (USMCA) will replace the existin
Ann [662]

If the United States-Mexico-Canada Agreement eventually get approved by the legislators in member countries, it will replace the existing North American Free Trade Agreement.

<h3>What is the United States-Mexico-Canada Agreement?</h3>

The agreement is expected to bring a support of beneficial trade amont members which will lead to free markets, fairer trade, and robust economic growth in the continent.

Hence, the approval of the agreement will lead to replacement of the North American Free Trade Agreement that served almost the same purpose.

Read more about USMCA

<em>brainly.com/question/3700351</em>

4 0
2 years ago
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