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8 - According to Marx and Engels, why would capitalism eventually collapse?
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- 9 - According to Adam Smith, how were changes in production at the pin factory an example of how capitalism could benefit the entire community?11- One research is being conducted about how gold prices change due to the changing preferences of individual consumers. Research such as these belong to the study of ______________. a. International economics b. Microeconomics c. Macroeconomics d. Public economics1. Consider the determinants of the rate of profit. We have discussed a variety of strategies capitalists might employ to raise the rate of profit. Does using these strategies to increase r necessarily hurt workers? If not, which strategies hurt workers and which do not? 2. Why would the functioning of capitalism tend to result in the equalization of profit rates? What offsetting tendencies are there? What do we know about which tendencies will prevail?
- 39. Which of the following statements accurately represent ideas proposed by Adam Smith? a) the market system does not require any help from the government to survive. a) government should be weak. b) the government should protect domestic industry against foreign imports. c) the value of money is based on the goods it can buy d) selfishness is a good thing for society and the economy.10. Strengths and weaknesses of the three basic types of economies Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure command economy. Which of the following would you include in your report as weaknesses of Directavia's economy? Check all that apply. Workers' earnings are unequal, relative to a market economy. The economy cannot quickly change the type of goods being produced to meet new priorities. O Many goods are available only through a black market. The economy experiences persistent shortages and surpluses.What are the three main goals of macroeconomics?
- 2. Describe how economic policies (of the UK and the US) were changed to reflect Adam Smith and NeoClassical Economics, Keynesian Economics and Neo-Liberal Economics from the mid 19th century till the present. What economic principles are Alexandria Ocasio Cortez's Green New Deal founded on. (750 to 1500 words)19- : Which economics studies the behavior of economic units, the interaction of consumers and firms? a) international Economics B) Macro economics NS) growth economics D) monetary economics TO) microeconomics8 Discuss Marx’s “theory of history”, relating it to the earlier ideas of Darwin (natural selection), Georg Hegel (dialectical process) and Ludwig Feuerbach’s (philosophical materialism).
- 2 What are the economic consequences of the war between Russia and Ukraine on the global economy ( U.S.A, E.U, Asia , and Africa) and on Russia specifically? Please try to identify a specific sector of the economy to illustrate your answer..6. Study Questions and Problems #6 Which of the following accurately explain why Karl Marx believed the market system was doomed to collapse? Check all that apply. Capitalism would collapse due to its principle "from each according to his ability, to each according to his need." Wealthy owners would go too far and exploit workers because unrelenting greed for profits would lead the owners to pay starvation wages. A spontaneous revolution by oppressed workers would destroy a system benefiting only the owners of capital. Communism is the ideal system, which would evolve in stages from capitalism through socialism.21. What institution is possibly more strongly associated with capitalism than any other author?