The impact of mao zedong's significant leap forward in china c. mao's efforts to contend with the soviet union resulted in an economic boom
The weather in 1959 was catastrophic and the yearly harvest was not nearly enough to support the Chinese population which led to general famine.
<h3>What was the result of the Great Leap Forward?</h3>
Instead of promoting the country's economy, The Great Leap Forward resulted in mass hunger and famine. It is estimated that between 30 and 45 million Chinese citizens died due to famine, execution, and coerced labor, along with massive economic and environmental collapse.
<h3>What was the Great Leap Forward and how did it affect China?</h3>
The Great Leap Forward was a push by Mao Zedong to change China from a largely agrarian (farming) society to a modern, industrial society—in just five years. It was an unbelievable goal, of course, but Mao had the ability to force the world's largest society to try. The effects, unfortunately, were disastrous.
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Answer:
Ray should place 32 orders each time.
Explanation:
number Ray should order each time
= sqrt(2*Annual Demand*Ordering Cost /Carrying cost per unit per annum )
= sqrt(2*1,174*$24/$55)
= 32
Therefore, Ray should place 32 orders each time.
Answer:
Fall or decrease
Explanation:
Other things being constant, if two goods are close substitutes, decrease in the price of one good will lead to fall in the demand of its substitute, The price of the good that has fallen is now available at cheaper price. So consumers will demand more of cheaper good, thereby increasing its demand and decreasing the demand of substitute good. As such, both equilibrium price and quantity of other good falls or decrease.
In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.
<h3>What is the current state of the world economy?</h3>
The economy of different nations are said to be growing wile some are expressing some financial crises.
Note that studies has shown that Global growth will rise to about 3.4 percent for 2021.
Therefore, In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.
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Answer:
Materials quantity variance = $1,750(U)
Explanation:
Standard quantity(SQ) = $2.5 * 6600 = 16500 Kg
Standard Price( SP) = $5
Actual quantity(AQ) = 16,850 Kg
Actual Price( AP) = $90,720 / 18,900 kg = $4.8
Materials quantity variance = SP * (SQ - AQ)
Materials quantity variance = 5 * ( 16500 - 16,850 )
Materials quantity variance = 5 * (350)
Materials quantity variance = $1,750(U)
