Answer: Which of the following statements about capitalism and socialism is correct? All of the responses are correct.
Explanation: Socialist nations are less economically productive. Capitalist nations have greater economic inequality. Capitalist nations are more economically productive. All of these statements regarding capitalism and socialism are true. Capitalism is an economic and political system where the trade and industry of a country are controlled by private owners for profit instead of the state having control. Socialism is an economic and political system where different organizations control production, distribution, and the exchange of goods and services.
Answer:
As a consumer I can influence the economy in different ways. When buying certain product or service, I am signaling that I like that certain product so producer will produce more of that product. In addition, it can help producers to make same but better product, when they see that consumers on the market like it. It also sends the signal to other producers that their product is not as good as competitors. Reason for that can be quality or price, so they will try to change something to stay competitive on the market. In addition to this, the consumer can join private organizations, interest groups, and lobby, influence public officials to vote according to the wishes of that group. In other words, with interest groups, consumers can push their agenda.
Answer:
Direct material purchase budget for July and August= <u> $10634</u>
Explanation:
T<em>he material purchases budget is determined by adding the the closing stock of materials to the material usage budget and subtracting the opening inventory of materials.</em>
<em>Material purchase budget= Material usage budget + closing inventory - opening inventory</em>
Material budget=
Unit
July = 300×12 = 3600
August = 360 × 12 = <u>4320 </u>
7920
Closing inventory <u>260</u>
8180
cost per unit <u> × $1.30</u>
<u> $10634</u>
Direct material purchase budget for July and August= <u> </u><u>$10634</u>
Machines, materials and money are all considered to be factors of production. The correct option among all the options given in the question is option "D". For any kind of production on a large scale to be successful, money is highly important. With that money the materials needed for production can be bought and machines will help in large scale production. So all the three are interconnected.
Answer:
True
Explanation:
Blockbusting is grabbing the land of the real owners by deceiving them in terms like saying them that the surrounding land will be owned by uncivilized black people (a tastic used in some 1900s), religions that are threat to your coming offsprings and stuffs like that to emotionally force the white owner to sell their property at below fair value. Then later the land was sold to other customers at above fair value due to provision of facilities that were rare in those days.