The major purpose of the Truman doctrine was to stop Soviet imperialism during the Cold War. This was because the Soviets had a communist way of life, which the American people felt threatened by as the Soviets were encroaching in different parts of the world and the Americans did not want a take-over of this kind globally.
Answer:
Option A
Command
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale. It also determines investments and incomes. The command economy is a key feature of any communist society.
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Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
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Answer:
Prisonization
Explanation:
Prisonization is the process of socialization whereby prisoners adopt the norms, values, and beliefs of the inmate subculture as their own. Inmate subculture refers to the norms, values, and beliefs that develop among prisoners. Prisoners learn the inmate subculture but they don't associate themselves with correction officers.
Answer:
We have to find the author, time, intended audience, main idea, context, bias, and accuracy of the text.
Author - a candidate for government office.
Time - government election campaign.
Intended audience - potential voters.
Main idea - the candidate is the only one who can be trusted with taxpayer money, and this is crucial because taxpayer money is being wasted.
Context - Government intervention does more harm than good: raising taxes on successful businesses to fund failing public schools only has the effect of both reducing wealth creation, and educating children poorly.
Bias - the candidate has anti-goverment bias.
Accuracy - the candidate does not provide evidence to back his claims in the speech, thus, the accuracy of it cannot be properly gauged.
