Capitalism and socialism Study guides, Class notes & Summaries

What major dimension sets apart international finance from domestic finance? A) Foreign exchange and political risks B) Market imperfections C) Expanded opportunity set D) all of the options 2) An example(s) of a political risk is A) expropriation of assets. B) adverse change in tax rules. C) the opposition party being elected. D) both the expropriation of assets and adverse changes in tax rules are correct. 3) Production of goods and services has become globalized to a large extent as...

Question 1 Not yet answered Marked out of 2.00 Flag question Question text The study of origin, development, organisations and institutions of society from both empirical and theoretical perspectives. a. Socio-economic b. Sociology c. Sociology of education d. Social solidarity Clear my choice Question 2 Not yet answered Marked out of 2.00 Flag question Question text The understanding that personal problems/troubles such as unemployment are linked to broader social conditio...

Intro to Business Exam 1 Questions & Answers 2023/2024 What is the primary focus of a profit organization? - ANSWER-To make a profit. What are the four functions of management? - ANSWER-Planning, organizing, controlling, and leading What are the factors of production used to make goods and services? - ANSWER-quality products, efficient operations, social responsibility, and business ethics. What is Communism? - ANSWER-Owned and operated by by government. No competition, the governm...

A) Hayek said, "Due to the underlying challenge of knowing the value of any given resource to any given individual at any place and time...." - ANSWER ..."decentralized market exchange facilitated via the price system allocates scarce resources more effectively than any other system of organization" What does Hayek believe regarding knowledge? - ANSWER - needed for rational economic order - markets provide systematic process that allows us to pool our individual knowledge - price signa...

PHI445 Week 2 Discussion, Capitalism and Socialism Case Study: Uber (Two Responses)

Revolutionary socialists - ANSWER-Marx and Engels Rosa Luxemburg Social democrats - ANSWER-Beatrice Webb Anthony Crosland Third way socialists - ANSWER-Anthony Giddens Marx and Engles - human nature - ANSWER-human nature, originally fraternal and altruistic, has been contaminated by capitalism, instilling the 'false consciousness' of bourgeois values Marx and Engles - the state - ANSWER-the existing liberal bourgeois state is a tool of the dominant capital class, it must be destr...

BCOR 1015 Final Questions and Answers Graded A What are Hayeks views on planning and decision making? he believes in decentralized knowledge HAYEK: what is decentralized knowledge? spreading knowledge amongst people is Hayek against centralization? yes HAYEK: how does the price system coordinate resources? price signals are used to make decisions and send information to other groups because prices are lower or higher what are price signals? signals wrapped up in incentives; prices can consta...

Test Bank for Work Industry and Canadian Society 7th Edition Chapter 1: Historical Perspectives on Work(1700–1950s)......................................................................1-1 Chapter 2: Contemporary Debates on Work (1950s to Present Day)........................................................2-1 Chapter 3: Canadian Employment Trends............................................................................................3-1 Chapter 4: Good Jobs, Bad Jobs, No Jobs...............

The American financial community's near collapse in late 2008 had been most directly ignited by the subprime mortgage-crisis - True Capitalism in American was built on the strong philosophical foundation of personal freedom and private property rights - True Democratic capitalism and state capitalism trade with each other for mutual advantage but are economic and political rivals - True Capitalism features economic cooperation and varying degrees of centralized control - False The term c...

My Week 2 Discussion Capitalism and Socialism: Case Study: Uber Uber is demonstrating a new business model; an on demand model. According to an on article on Uber leading the economy of the future, the author wrote, “The success of Uber and of companies with an Uber-like business model is particularly noteworthy in the context of a global economy struggling with slow growth. Technology is unlocking these opportunities. In particular, mobile applications are enabling start-ups to aggregate su...