All categories

4 years ago

How is the economy likely to be affected if a democracy becomes an oligarchy ?

1 answer:

vladimir2022 [97]4 years ago

5 0

The answer to this question is: Upper classes in power are likely to become richer at the expense of others
In Oligarchy, the government will be fully centralized and totally controlled by the upper class of the society. This means that all legislation that made by the government will be very likely to bring benefit for themselves first rather than paying attention to the things that the majority of citizens need the msot.

You might be interested in

According to Brooks's article, what was the main effect of entrepreneurship in China?

kirza4 [7]

The correct answer is A. Poverty noticeable declined.

According to Brooks article many entrepreneur are interested in security in jobs.

China is the most entrepreneurial country in the world.

There is Internet entrepreneurs and in mobile technology sectors.

4 0

3 years ago

Read 2 more answers

Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod

sesenic [268]

Answer:

$35

Explanation:

Note the formula:

Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q

Total Revenue for 2 units of output sold

= 2 x $50 = $100

Total Revenue for 3 units of output sold

= 3 x $45 = $135

The Marginal Revenue=

Change in TR (135-100) / Change in quantity (3-2)

= $35/1

= $35

Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.

7 0

3 years ago

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4% charge on sales for using its c

eduard

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $6,240

Credit card expense A/c Dr $260 ($6,500 × 4%)

To Sales A/c $6,500

(Being the deposit is recorded)

For recording the deposit, we debited the cash account, credit card expense and credited the sales account so that the proper posting can be done.

0 0

3 years ago

Why is it important to be present and active in your courses?

nalin [4]

It is important to Learn, and Write down Results/Notes.

5 0

4 years ago

Read 2 more answers

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither

sertanlavr [38]

Answer: Statement 1 ( Laptop) = Producer surplus

Statement 2 ( watch ) = Neither

Statement 3 ( jersey sweater) = Consumer surplus

Explanation:

Hi, Consumer surplus happens when the price that consumers pay for a product or service is less than the price they're willing to pay.

Even though I was willing to pay up to $46 for a jersey sweater, I bought a jersey sweater for only $39. Consumer surplus

Producer surplus is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive

I sold a used laptop for $149, even though I was willing to go as low as $140 .Producer surplus

I sold a watch for $59 on eBay last week. This week, someone offered me $145 for it. neither

Feel free to ask for more if needed or if you did not understand something.

5 0

3 years ago

How is the economy likely to be affected if a democracy becomes an oligarchy ​?

How is the economy likely to be affected if a democracy becomes an oligarchy ?