The manager of your bank informs you that your bank has $10 million in excess reserves. She also says the bank has $400 million in deposits and $375 million in loans. Based on this data, the reserve requirement must be 15/400.
What method should be used by the Bank to increase reserve requirements?
One method of controlling the money supply is through reserve requirements, which refer to the amount of cash that banks must keep against deposits in bank accounts. When reserve requirements are reduced, banks can lend more money, increasing the amount of money available for use throughout the economy. A higher reserve requirement demonstrates the Federal Reserve's contractionary monetary policy. Higher reserve requirements for banks mean less money available to lend to individuals and businesses. When a bank advances another loan and the borrower receives a bank deposit in exchange, the money supply expands beyond the realm of open market transactions.
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the price of a video game is $32.99 before tax. andre bought the video game for 20% off. he then paid 8% sales tax on the discounted price. part a: how much did andre pay in sales tax? show all work and steps in your solution. (5 points) part b: what is the total amount that andre paid for the video game? show all work and steps in your solution. (5 point
Andre bought a video game which cost $32.99 before tax and before discount. a) The amount of tax he paid is $2.1. b) The total amount Andre paid for the video game after tax is $24.29.
The amount of sales tax can be calculated as follows:
tax = tax rate x price
Information available in the problem:
- The price of a video game is $32.99 before tax
- Andre bought the video game for 20% off, hence the discounted price is:
discounted price = (100% - 20%) x $32.99 = $26.39
- Andre then paid 8% sales tax on the discounted price.
a) The tax that Andre paid is:
8% x $26.39 = $2.1
b) The total amount Andre paid for the video game is:
total cost after tax = discounted price before tax - tax
= $26.39 - $2.1 = $24.29
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what is an example of a factor of production? multiple choice component parts competitors labor environment government
An example of a factor of production is Labor. Labour includes the human resources needed to produce goods and services.
What do you mean by factor of production?
Factor of production is an economic term used to refer to the inputs used by businesses to produce goods and services. It is the combination of land, labour, capital and enterprise that are used to produce goods and services. Land includes natural resources like land, minerals, and water. Labour includes the human resources needed to produce goods and services. Capital includes the money, tools and equipment used to produce goods and services. Lastly, enterprise refers to the ability to organize and manage the various factors of production. All of these factors of production are important for businesses to create value and generate income.
So, The required answer is Labour.
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Suppose the income elasticity of demand of Good X is -3. This means that a 15% decrease in income would result in a ______________ in quantity demanded of Good X?5% increase5% decrease45% increase45% decreaseHardly noticeable change
Suppose the income elasticity of demand of Good X is -3. This means that a 15% decrease in income would result in a 45% decrease in quantity demanded of Good X. Thus Option D is the answer.
The income elasticity of demand (EI) measures the responsiveness of the quantity demanded of a good to a change in income. It is calculated as the percentage change in quantity demanded divided by the percentage change in income.
In this case, the EI of Good X is -3, which means that a 1% decrease in income would result in a 3% decrease in the quantity demanded of Good X. So, when a 15% decrease in income occurs, the quantity demanded of Good X would decrease by 3*15 = 45%.
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Shannon just helped Linda sell her property. When agency between Shannon and Linda terminates, can Shen and disclose confidential information that Shannon learned while Linda was a client?
1 yes, if the information is helpful to a future client
2 no, because agency continues between Shannon and Linda after the sale
3 yes, because agency has been terminated
4 No, because in agent's duty of confidentiality never ends
Shannon just helped Linda sell her property. When agency between Shannon and Linda terminates, can Shen and disclose confidential information that Shannon learned while Linda was a client. No, because in agent's duty of confidentiality never ends.
Explanation: Even after the termination of the agency between Shannon and Linda, Shannon's duty of confidentiality remains. Shannon must not disclose any confidential information that she learned while Linda was a client, such as financial information, personal information, or any other sensitive data. This is to ensure confidentiality and protect the interests of the former client.
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55. tariffs are different from assigned import quotas in that tariffs will (a) restrict imports (b) increase the price of imported goods (c) benefit domestic consumers of imported goods (d) hurt domestic producers of goods facing import competition (e) generate additional revenue for the domestic government
Tariffs are different from assigned import quotas in that tariffs will increase the price of imported goods .
What is a difference in tariffs?
Different sorts of taxes levied on imported items include duties and tariffs. Taxes are fees that the government levies against its citizens.
Tariffs are a type of direct tax imposed on products brought into the country from abroad. The purchaser of imported products must pay duties, which are an indirect tax.
Are quotas or tariffs more restricting?
Theoretically, a tariff quota is less restrictive than a regular quota because of this frequently minimal difference. The "small" importing nation using the tariff quota.
A "small country" is one whose variations in import volume are too minor to affect global prices.
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what concepts are contained in the fasb conceptual framework? (select all that apply.) multiple select question. concepts regarding types of events to be accounted for leasing and rental concepts underlying concepts of accounting measurement concepts sec reporting requirements
Principles of accounting measurement are underpinned by the FASB conceptual framework.
What does accounting's measurement rule entail?Money measurement stipulates that accounting transactions must be described in monetary terms in order to be documented, i.e., the accounting transactions must involve quantitative data rather than qualitative data.
Which are the two accounting measurement foundations?The two main techniques for keeping track of revenue and costs in accounting are the cash foundation EU VAT language cash accountancy and the accrual basis. Both can be applied to a variety of situations, including the financial records of a whole nation, a huge firm, a small business, or a person.
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Decentralizing power in the hands of a local subsidiary:
Decisions under centralization take longer to make since they must be approved by all authorities, which is dependent on a single organization. Decentralization, on the other hand, has shown to be more effective in decision-making when decisions are made closer to the actions. Centralization provides for all-encompassing leadership and coordination.
Are subsidiaries subject to the parent company's authority?Subsidiary refers to an organization that is controlled by a parent or holding firm. It's common for the parent company to own the bulk of the subsidiary business. The parent business thereby takes control over the subsidiary. Being the majority shareholder can sometimes be enough to acquire control.
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units of a-negative, b-negative, and o-negative red blood cells are shipped to your transfusion service. what testing must be performed by your facility before placing these units into your inventory?
Units of A-, B-, and O-negative red blood cells are shipped to your transfusion service. ABO and Rh MUST be performed by tour facility prior placing these units into your inventory.
The Blood Type Test determines your blood group (A, B, AB, or O) as well as whether you are Rh positive or Rh negative. The presence or absence of particular carbohydrates (ABO blood group antigens) or proteins (Rh antigen) attached to the surfaces of your red blood cells determines your blood type.
Anyone who wants to learn their blood type should take the Blood Type test. The test determines if a person's blood group is O, A, B, or AB, as well as whether they are Rh-positive or Rh-negative.
To purchase, you must be at least 18 years old. There is no need for you to do anything particular in order to prepare for the sample collection. This test does not necessitate fasting.
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a buyer wants to purchase a home for $160,000 with a 15% down payment. the lender charges 2 points. how much money does the buyer need up front to make the purchase?
The buyer will require $26,720 in total up advance to complete the transaction.
What does a business purchase mean?The quantity of items a corporation purchased throughout the course of this year is known as purchases in accounting. It also relates to details on the kind, caliber, amount, and pricing of purchased products that should be preserved. They are included in the stock.
The amount of the deposit
The amount of down payment = Purchase price of the home x 15%
= $160,000 x 15%
= $24,000
The fees assessed by the Lender
The charges made by the lender = [Purchase price – Down payment] x 2%
= [$160,000 - $24,000] x 2%
= $136,000 x 2%
= $2,720
Consequently, the total amount of money required by the buyer to complete the transaction is = Down payment made + Charges made by the lender
= $24,000 + $2,720
= $26,720
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an established product which is bringing in revenue is a comment about which stage of the product life cycle?
An established product that is bringing in revenue is in the maturity stage of the product life cycle. A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves.
There are four stages in a product's life cycle - introduction, growth, maturity, and decline. A company often incurs higher marketing costs when introducing a product to the market but experiences higher sales as product adoption grows. Sales stabilize and peak when the product's adoption matures, though competition and obsolescence may cause its decline. The concept of product life cycle helps inform business decision-making, from pricing and promotion to expansion or cost-cutting.
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if the depreciable basis for a single family residence is $2,750,000, what is the annual allowable depreciation, assuming a 27.5 economic lifespan...?
The annual allowable depreciation, assuming a 27.5 economic lifespan 100,000
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasizes the actions, conversations, and outward expressions related to the production, use, and management of finite resources. [1] The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organization, political structure, legal system, and availability of natural resources. In addition to providing context and content, these factors establish the rules and conditions under which an economy runs. To put it another way, the economic sphere is a social domain made up of interrelated human actions and trades that are mutually exclusive.Economic actors might be individuals, businesses, organizations, or governments. There is economic activity.
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a borrower received a 30-year arm mortgage loan for $200,000. rate caps are 3/2/6. the start rate is 3.50% and the loan adjusts every 12 months for the life of the mortgage. the index used for this mortgage is mta (for this exercise, 3.00% at the start of the loan, 4.45% at the end of the first year, and 4.50% at the end of the second year). the margin on the loan is 3.00%, which remains the same for the duration of the loan. 1. what is the initial rate (start rate) the borrower will pay during the first year? 2. what is the interest rate the borrower will pay after the first rate adjustment? (hint: remember to use the "stair step method" for determining the new interest rate.) 3. what is the fully indexed rate after the second year? 4. what is the maximum interest rate the borrower will pay during the 30-year term for this loan? 5. if the interest rate is at its maximum, what would the mta index have to be to reach the maximum interest rate?.
The starting or introductory rate is 3.50%. An average commercial real estate loan has an interest rate ranging from 2.2% to 18%.
What is mortgage loan?An average commercial real estate loan has an interest rate ranging from 2.2% to 18%. Your exact interest rate will vary depending on the loan type you select, your borrower requirements, and the kind of building or project you're funding. In conclusion, you can use a business mortgage to fund the purchase of one or more properties that you'll use for business reasons. This could be an office building where your main operations will take place, or it could be an apartment complex designed to produce its own rental income.1. The starting or introductory rate is 3.50%.
2. The borrower will be required to pay 6.50%, which is the result of adding the first adjustment cap of 3.00% and the prior rate of 3.50%. The borrower always receives the lower of the two estimated interest rates, making the fully indexed rate of 7.45% (4.45% (LIBOR index) + 3.00% (margin)).
3. The fully indexed rate is 7.50% after the second year. The current index and the margin are added to determine the fully indexed rate. The index is 4.50%, the margin is 3.00%, and the result is a fully indexed rate of 7.50%.
4. The lifetime ceiling (6.0%) and start rate (3.50%) together set the maximum lifetime rate at 9.50%, which is the highest interest rate that the borrower will pay during the loan's tenure.
5. If the maximum interest rate is 9.50%, the LIBOR index would need to reach 6.50% using the formula FIR = Index + Margin:
Maximum rate: 9.50% =? (LIBOR index) + 3.0% (margin)
Maximum Rate: 9.50% Margin: 3.00% Total: 6.50% (LIBOR index)
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which of the following is an example of an implicit cost of going out for lunch? a. the amount of the tip you leave the waiter b. the total bill you charge to your credit card c. the cost of gas to drive to the restaurant d. the value of the time you spent eating lunch e. all of the above
All of the above. Implicit costs are costs that are not directly paid for, but are still incurred.
What is Implicit costs?Implicit costs are costs that are incurred by a business but not accounted for on the balance sheet. These costs represent the opportunity costs associated with using a business’s resources for a particular purpose. Examples of implicit costs include the salary of a business owner, the use of a company-owned building, or the use of a business’s own equipment. Implicit costs are often overlooked when calculating the total cost of production, and they can have a significant impact on the profitability of a business.
Examples of implicit costs include the amount of the tip you leave the waiter, the cost of gas to drive to the restaurant, and the value of the time you spent eating lunch.
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what was the major innovative technique that allowed henry ford to produce an automobile that could be manufactured and sold at a reasonable cost? (1 point) he pioneered the use of aluminum frame designs. he invented the inflatable tire for the automobile. he used the assembly line production process. he developed an automobile that ran on less fuel.
Henry Ford introduced the assembly line in 1913, and his workers despised it. Forget the Model T; Ford's true breakthrough was the moving assembly line.
The assembly line manufacturing method was the key creative technology that enabled Henry Ford to build a vehicle that could be built and sold at a reasonable cost. Serial manufacturing emerges from this new production system known as Fordism (a word created by A. Gramsci). Each item is added as the product travels along the work station until the final assembly is completed. With this method, many workers were required to use machines and do repetitious duties. As a result, the employer may now exert control over the worker's productive time (determined by the speed of the assembly tape).
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you are told you need to work weekends. your supervisor gives you a pay raise in return. what type of power is your supervisor using
If you are told you need to work weekends. your supervisor gives you a pay raise in return. The type of power your supervisor is using is: Reward.
What is reward power?Reward power can be defined as the power vested on a supervisor to reward its employee for completing a tasks or for achieving a set goals.
Based on the given scenario the supervisor is making use of what is called reward power on its employee and this reward power is given a pay raise in return as a reward for working during the weekend.
Therefore this scenario is a reward power.
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why do private businesses underproduce public goods? they are non-excludable, and so it is difficult to earn profits by producing the good. they are rivalrous, and so only one producer can supply the good. they are excludable, and so there are too few consumers available to buy the good. they are non-rivalrous, and so market power will limit output of the good. they are non-affordable, and so there are no consumers willing to purchase the good.
private businesses underproduce public goods because They are non-rivalrous, and so market power will limit output of the good.
Doing business is defined as earning a living or acquiring funds through the creation, purchase, and selling of goods (such as goods and services) "Any activity or enterprise performed for profit" is also included. [5]Since the business entity is not legally distinguishable from the owner by the use of a business name, the owner of the business is accountable and liable for any commitments made by the business. If a business accumulates debt, creditors may seize the owner's personal belongings. [6] In a business structure, corporate tax rates are not permissible. The proprietor is required to pay personal taxes on all business income.The expression is also often used colloquially, though not by attorneys or government officials.
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A flow-chart is shown. From top to bottom, Emma decides to study, then Emma is not able to go bowling, then two lines are drawn to 2 boxes that contain question marks.What could happen as a result of the effects of the opportunity cost on the left
The effects of the opportunity costs for Emma's decision is that: 1) Emma decides to study 2) Emma is not able to go bowling
From the above stated situation the next best option would have been for Emma to have gone bowling instead of choosing to study. She missed out on the perks of hanging out with friends and having fun since she didn't go bowling.
The worth of what you forgo while deciding between two or more possibilities is known as opportunity cost. Every decision involves trade-offs, and opportunity cost refers to the gains you could have gained by going in one route rather than the other.
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for a recent period, the balance sheet for consumer wholesale corporation reported accrued expenses of $1980 million. for the same period, consumer reported income before income taxes of $1810 million. assume that the adjusting entry for the accrued expenses was not recorded at the end of the current period. what would have been the income (loss) before income taxes?
Before income taxes, there will be a $161 million gain (loss).
Accrued Costs:
Expenditures that have been incurred but not paid for yet are referred to as accrued expenses. The timing of recording expenses is important; whether they are paid for or not is immaterial. The adjusting entries are used to account for accrued expenses.
Answer and justification:
Before income taxes, there will be a $161 million gain (loss).
Explanation:
To make incurred expenses, an adjustment entry is
General Journal: Debit: Credit: Expenses: $1,893,000,000; Accrued: $1,893,000,000
The expenses are understated by $1,893 million as a result of evading this entry. If the entry had been made, the income before taxes would have been $161 million ($2,054 million - $1,893 million).
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the capture theory of regulation implicitly holds that group of answer choices the members of a regulated industry have a stronger incentive to attend regulatory meetings than taxpayers and consumers. regulatory lag is often longer than most people think. regulators will always do what they think is in the public's best interest. a, b, and c b and c
The capture theory of regulation implicitly holds that the members of a regulated industry have a stronger incentive to attend regulatory meetings than taxpayers and consumers.
About regulatory captureRegulatory capture is a situation when a regulatory agency established for the public interest instead fulfills the political or commercial interests of certain groups that dominate the industry or sector that should be regulated.
The theory of regulatory capture is at the center of a field of study called "regulation economics": economists who focus on this field are critical of the concept that the intervention of government regulatory agencies is based on the protection of public goods. An example of an economist who developed the theory of regulatory capture is Nobel Prize winner George Stigler.
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a company using a weighted criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: quality (0.20), delivery (0.60), cost (0.20). the scores for each category are shown below. company a company b company c quality 75 80 70 delivery 85 60 65 cost 60 80 65 which of the following companies has the highest total score? a. company c b. company b c. company a d. all companies scored the same
The answer is Company B.
COMPANY B has the highest score according to the weighted criteria system.
What is meant by the weighted criteria evaluation system?A decision-making tool called a weighted criteria evaluation system compares probable solutions against a set of weighted criteria.
Common applications include selecting the best software to buy or choosing amongst optional options.
The weighted scoring model formula is a total of variables (weight) /total of all weights = weighted score.
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what would be the yearly earnings for a person with 5800 in savings at an annual interest rate of 3 percent
the total money you bring in throughout a fiscal year. Your annual income consists of your salary plus any bonuses, commissions,
What are the fundamentals of saving?Set aside a specific sum of money each month and pay it like you would any other payment. Every time you get paid, save aside some money — ideally ten to twelve percent — and see your savings increase. Prudent saving Select the finest savings strategies for your objectives, and be sure to shop around to find the lowest interest rates.
Which are the 5 tools for saving?Bank deposits, bank deposits, money market account accts, bank deposits, and savings bonds are the five most popular categories of savings instruments. It is crucial to decide which saving methods are suitable.
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A total materials variance is analyzed in terms of
Group of answer choices
O price and quantity variances.
O buy and sell variances.
O quantity and quality variances.
O tight and loose variances.
A total materials variance is analyzed in terms of quantity and quality variances.
What are materials variance?Material Variances are a reflection of how far real material costs deviate from the benchmarks. These variations in material costs may be the result of changes in the cost, amount, or composition of the materials utilised, as well as the results obtained. Formula for Material Cost Variance: (SQ * SP) - (AQ * AP) = Standard Cost - Actual Cost. This represents the discrepancy between the actual cost of direct materials and their predicted (or typical) cost. It is helpful for figuring out whether a company would be able to incur material expenditures at levels that are close to what it had anticipated.
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which act of the u.s. congress prohibits bribery of foreign officials and sets requirements for transparency of accounting transactions?
The Foreign Corrupt Practices Act (FCPA), adopted in 1977, forbids paying bribes to foreign officials in order to win or retain business.
The FCPA applies to publicly traded firms and their executives, directors, employees, stockholders, and agents everywhere in the world for unlawful activity. Third-party agents, consultants, distributors, joint-venture partners, and others are examples of agents.
The FCPA also requires issuers to keep correct books and records and to have an adequate system of internal controls to provide reasonable assurances that transactions are carried out and assets are accessed and accounted for in line with management's permission.
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Question 17 of 20
What is revision?
Answer:
Hope This Helps <3
Explanation:
Revision Means alteration and fixing things out of order making sure its understnadble and perfect with no spelling or grammar mistakes revision is also known as revising
Which of the following is the total length of time an essential business function can be unavailable without causing significant harm to the organization?
A) Maximum tolerable downtime
B) Maximum tolerable uptime
C) Recovery time objective
D) Recovery point objective
A measure of how long a critical business function can be down before generating serious problems for the company as a whole is known as the maximum tolerable downtime.
System downtime can be represented in a number of ways.
A system's Maximum Tolerable Downtime (MTD) is the longest period of time during which the system owner or authorizing official will tolerate any negative effects of an interruption to the system's ability to carry out its designated purpose or business function.
The Recovery Time Objective (RTO) is the length of time an unavailable system resource can have on the remaining available resources, the supported mission/business operations, and the Mean Time to Repair (MTR).
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what is a computer crime where a competitor or disgruntled employee increases a company's search advertising costs by repeatedly clicking on the advertiser's link?
malicious click competition By regularly clicking on the advertiser's link, a rival or unhappy worker raises a company's search advertising expenses.
A group of people with a common goal who may be either natural, legal, or a combination of the two is referred to as a corporation, which is commonly shortened as "co. To accomplish clearly defined goals, the company's staff works together for a single cause. The many different forms that businesses can take include nonprofit organizations, nonprofit associations, for-profit businesses, financial institutions, banks, programs, and educational institutions, to name just a few. A company may be legally recognized as a separate entity through incorporation, which limits the company's liability as long as its members uphold the terms of the publicly disclosed incorporation or published policy. It may be necessary to liquidate a business after it has shut down in order to pay off debts.
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Different cities have different levels of sales tax for items purchased. find each amount of sales tax. what is 10% of $19.90? what is 7% of $20.00?
The sales tax for 10% of $19.90 is $1.99, because $19.90 x 10/100 = $1.99
7% of $20.00 is $1.40, because $20.00 x 7/100 = $1.40
How do you find the amount of sales tax?To find the amount of sales tax for items purchased at different rates, you can use the following formula:
Sales Tax = Purchase Price * (Tax Rate / 100)
For example, if the purchase price is $19.90 and the tax rate is 10%, the sales tax would be:
$19.90 * (10 / 100) = $1.99
If the purchase price is $20.00 and the tax rate is 7%, the sales tax would be:
$20.00 * (7 / 100) = $1.40
10% of $19.90 is $1.99, because $19.90 x 10/100 = $1.99
7% of $20.00 is $1.40, because $20.00 x 7/100 = $1.40
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Expectancy Theory: Aloha Motivation!All Season Weelz, an automobile tire reseller, recently offered a promotion providing a free trip to Hawaii for employees who hit a certain sales number. Unfortunately, the promotion did not yield positive results. You will serve as a consultant to the sales and marketing teams. You will need to figure out what went wrong, and what needs to happen to resolve the issue for future promotions.Do you want to enjoy an all-expenses paid,7-day trip to Hawaii this year? All you haveto do is hit $1 million in sales next quarter!What’s included: Round-trip airfare to Honoluluand six nights’ accommodations ata luxury resort with all meals.NarratorPorterVP MarketingSherryVP SalesMattSalespersonPorter: Welcome All, I wanted to take a moment and discuss last year's sales promotion. Take a look at this promotion. In short, it was a complete failure, and we need to figure out why it did not motivate the sales team and what we can do for future promotions so this does not happen again.Sherry: Yes, it really was disappointing. Here are the results. What's interesting is that the people who hit the mark were already making the $1 million sales number before we even offered the promotion.Matt: Hi all, I appreciate you also inviting me to be part of the discussion. I hope I can provide some insight as to what went wrong.Sherry: Well, it seems there was a motivation problem.Narrator:Based on the results we see here, which component of the Expectancy Theory of Motivation may be the issue?Please select an answer below:Expectancy (E to PValence ResponseInstrumentality (P to O)Equity
Using the Expectancy Theory of Motivation, we find that the issue is with the component of "Valence Response"
Explanation:
From the case, we find that the quarterly average employee sales figures in the previous year were almost consistent (variance was only in the range of 20,000 to 55,000 U.S. Dollars) in spite of the promotion being in existence. This shows that most the employees did not place high importance on achieving the $1 million sales number, and achieving the associated reward. On the other hand, the few employees who did reach the target were already hitting similar figures even before the promotion came into existence; this shows that such employees placed high importance on being over-achievers.
Thus, using the Expectancy Theory of Motivation, we find that the issue is with the component of "Valence Response".
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A customer establishes the following positions: Buy 100 JMB at 28. Buy 1 JMB Dec 25 put at 2. What is the maximum potential loss? A) 3000. B) 200. C) 2800.
Answer:
The Answer should be None of the given Options.
Explanation:
In this Case, the investor has lost money on the long stock position when the market value falls.
The investor can sell the stock for no less than the strike price by purchasing the put, but he also loses the premium. i.e $2
In this Question, the investor loses a maximum of $3 on the stock (28 − 25) plus the premium of $2, for a total loss of $500 on 100 shares.
Hence the correct answer is $500 i.e None of the Given options
for what reason did john stuart mill believe the government should get involved in the economy? responses to help the poor and the powerless to help the poor and the powerless to increase competition between businesses to increase competition between businesses to help business owners to help business owners to decrease inflation
for what reason did john stuart mill believe the government should get involved in the economy: to help the poor and the powerless
A territory with an economy is one where goods and services are produced, sold, traded, and used. According to widespread consensus, it is a social domain that emphasises the actions, discourses, and outward expressions related to the production, use, and management of finite resources. The functioning of an economy is greatly influenced by factors such as a person's culture, values, education, technological development, history, social organisation, political structure, legal system, and natural resources. These components provide context and content in addition to defining the bounds and circumstances within which an economy runs. In other words, the economic sphere is a social area made up of interrelated human interactions and behaviours that are dependent on one another.
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Answer:
just took the quiz
Explanation:
For what reason did John Stuart Mill believe the government should get involved in the economy?
to help the poor and the powerless
What did Karl Marx believe would happen to capitalism?
It would be overthrown by the large class of workers.
Karl Marx wrote in The Communist Manifesto that the history of man had been defined by what?
class struggle
What was Charles Darwin's theory regarding plant and animal life?
All plants and animals have gradually evolved over time through a process called natural selection.
What did the public education reform movement of the 1800s accomplish?
Public high schools in the United States began to multiply after 1900.
Which best describes an accomplishment of the woman suffrage movement?
Women in New Zealand gained suffrage in 1893.
What happened as a result of workers organizing into unions in the late 1800s?
Working conditions began to improve for many workers.
Which is an example of how cities improved during the late 1800s?
a new police force and sewer system in London
What does the term standard of living refer to?
the level of wealth, comfort, material goods, health, and necessities available to a group
Which achievement improved the standard of living in the late 1800s?
the discovery of the link between germs and disease
Which are examples of the new mass society that emerged in the late 1800s?
vaudeville and professional sports teams
