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kap26 [50]
3 years ago
9

Prior to 1914, Argentina experienced around fifty years of economic growth. During that time, Argentina was ruled by a small amo

unt of elite that was invested in agricultural exports. Thus, the economy grew by exporting beef and grain during a worldwide economic boom surrounding these commodities. The broadening of the political landscape following WWI and subsequent repeated military coups changed the leaders, but made the economic landscape increasingly unstable.
This period of growth is a classic example of economic growth under what system?

a. Rule by Law
b. Extractive institutions
c. The vicious circle
d. Inclusive Institutions
Business
1 answer:
Savatey [412]3 years ago
3 0

Answer: Option (B)

Explanation:

The period of growth exhibited by Argentina is referred to as the classic example of their growth under <em>Extractive institutions</em>.  Extractive institutions referred to as the means under which a small organization or group of individuals tend do exploit the population of a nation. Under this case the small group of elites that were ruling Argentina and thus further investing in export of agricultural products,thus effecting Argentina and its population.

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Why is the primary sector important to the South African economy?​
Fynjy0 [20]

Answer:

However, the economy has been characterised by a structural shift in output over the past four decades.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.

Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.

Explanation:

South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.

4 0
1 year ago
What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use inst
Jlenok [28]

Answer:

(d) Manufacturing Overhead $8,000 Raw Materials $8,000

Explanation:

This will be an spending associate with the actual overhead.

These materials are indirect, so it should go in the factory overhead account.

They are not associate with any job in particular, so it cannot be capitalize through work in process.

8 0
3 years ago
Denton and Carlo were employed at an appliance plant. Their job required them to do occasional maintenance work while standing o
Mumz [18]

Answer:

No, because they weren’t willing to risk their life to complete a task at the appliance plant. By law this is not safe working conditions and the people forcing employees to do this could be sued.

Explanation:

3 0
2 years ago
Read 2 more answers
EB13.
damaskus [11]

Answer:

Product                  Selling price   Unit variable cost

                                       $                        $

Trunk switch                  60                     28

Gas door switch            75                      33

Glove box light              <u>40</u>                     <u> 22</u>

                                      <u> 175 </u>                   <u> 83</u>

Composite contribution margin

= Composite selling price - Composite unit variable cost

= $175 - $83

= $92

Composite contribution margin ratio

= <u>Composite contribution margin</u>

  Composite selling price

= <u>$92</u>

  $175

= 0.525714285

Composite break-even point in dollars

= <u>Fixed cost</u>

  Composite contribution margin ratio

=<u> $18,840</u>

  0.525714285

=  $35,837

Explanation:

In this case, there is need to add all the selling prices to obtain composite selling price. We also need to add all the unit variable costs to derive composite unit variable cost.

Composite contribution equals composite selling price minus composite unit variable cost.

Composite contribution margin ratio is the ratio of composite contribution to composite selling price.

Composite break-even point in dollars equal fixed cost divided by composite contribution margin ratio.

3 0
3 years ago
A company uses a process costing system. its assembly department's beginning inventory consisted of 52,400 units, 75% complete w
zalisa [80]
Total transferred units = 121,500 
Direct labor costs = $30,000
 Completed unit from the ending inventory = 42,400 x 25% = 10600
 Now the total units transferred = 121,500 + 10600 = 132100
 Direct labor cost per equivalent unit = Direct labor costs / total units transferred
  = 30,000 / 132100 = 0.227
 Direct labor cost per equivalent unit = 0.23.
5 0
3 years ago
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