Answer:
forces of production
Explanation:
Production forces relate to a concept used within the political economy which applies to the tangible means and manufacturing techniques for which workers create value and turn assets into selling things.
Production powers involve technical equipment and natural resources, and also the competitive capacities of manufacturing forces expressed by energy, skill, and information. This applies to a fusion of labor resources with a human labor force in Karl Marx own criticism of political philosophy.
Thus, from the above we can conclude that the conclude that the correct option is B.
A control account appears in the general ledger and is supported by a subsidiary ledger.
<h3>What is a control account in accounting?</h3>
A control account is known to be a summary-level account that is found the general ledger.
This account is made up of aggregated totals for transactions that are personally stored in subsidiary-level ledger accounts.
Note that;
- The control account in the general ledger is known as Accounts Payable account.
- When postings are complete, the subsidiary ledger are said to be equal the balance of the Accounts Payable account in the general ledger.
- The subsidiary ledger is accurate by preparing a schedule of accounts payable and linking it against the balance in the control account.
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Answer:
The new money supply is $1,500
Explanation:
Before we proceed to answer the question according to the scenario painted, we need to make some preliminary calculations as follows;
If the monetary base deposit is $1000 and people hold 1/3 of their money, this means that the;
Reverse deposit ratio = 1/3
Currency deposit ratio = (cash in cash)/cash in deposit = (1/3)/(2/3) = 0.5
Thus mathematically,
money supply = (currency deposit ratio + 1)/(Reserve deposit ratio + Currency deposit ratio) × Monetary Base
Money Supply = (1+1)/(1+1/3) * 1000 = $1,500
Answer:
To gain access to low-cost inputs of production.
Explanation:
Exxon Mobil in this scenario have formed a pact with Gazprom the largest natural gas extractor in the world.
Exxon Mobil is setting up a processing plant in Azerbaijan to process gas supplied by Gazprom.
The main reason for this alliance will be to get cheap input (gas) form Gazprom because they enjoy economies of scale and can supply the gas to Exxon Mobil at lower price.
This arrangement will reduce input cost of Exxon Mobil.
