By devaluing the Bolivar, the president of Venezuela has artificially decreased the value of the national currency.
What this does it make it more expensive to buy US dollars. In the last 2-3 years, there has been a flight of billion of US dollars out of Venezuela due to the economic disaster looming in the country.
By making it more expensive to buy US Dollars, the President of Venezuela is hoping to decrease the flight of money from the country and protect local reserves.
To what extent this actually works, we will have to see. In many developed countries or countries with a healthy economy, such a strategy might work. However, in the case of Venezuela, the economy is so bad, that even the devaluation of the Bolivar might not help solve much.
When the draft was reinstated it was because of the Vietnam War. This drafted 2.2 million American men out of 27 million eligible men. Many agreed with the war, but some also saw it as a death spence because they were forced to fight in a war they didn’t believe in. Many started to protest the war in a way of saying that they wanted to stop the draft.
<span>closing of credits and deductions.
Explanation:
The budget gap generally occurs when there is a budget deficit, i.e., expenses are more than the revenues earned during a year. One of the reasons of the budget deficit is credits and deductions that benefit nearly everyone. Closing these credits and deductions can help the government save millions of dollar which in turn can close the budget gap without raising taxes.</span>
Answer:
Explanation:
I am Karl Marx, I was born in Trier, Germany. I have six children, and my spouse Jenny von Westphalen. I am a philosopher, economist, historian, sociologist, political theorist, journalist and a socialist. I studied at the University of Bonn, and the Humboldt Univeristy of Berlin. My best known works are "Pamphlet The Communist Manifesto" and "the three-volume Das Kapital." My theories about society, economics and politics, have been known as Marxism. Marxism, in itself is the conflict between the ruling classes (known as the bourgeoisie) that control the means of production and the working classes (known as the proletariat). My work in all, has been both praised and criticised just as any other.
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