What is the philosophy of legalism? Legalism in ancient China was a philosophical belief that human beings are more inclined to do wrong than right because they are motivated entirely by self-interest and require strict laws to control their impulses. It was developed by the philosopher Han Feizi (l. c. 280 – 233 BCE) of […]
What groups benefit from inflation?
What groups benefit from inflation? Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages. Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts. How […]
What does an economist need?
What does an economist need? A master’s degree or Ph. D. is required for most economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience. In addition, courses that introduce students to statistical analysis software are helpful. What would an economist most likely classify as a […]
What are the main functions of the central bank?
What are the main functions of the central bank? The functions of a central bank can be discussed as follows: Currency regulator or bank of issue. Bank to the government. Custodian of Cash reserves. Custodian of International currency. Lender of last resort. Clearing house for transfer and settlement. Controller of credit. Protecting depositors interests. What […]
What did Caesar accomplish in his rise to power?
What did Caesar accomplish in his rise to power? Julius Caesar began his rise to power in 60 B.C.E. Caesar defeated Pompey’s forces and entered Rome in 46 B.C.E., triumphant and unchallenged. Upon his return, Caesar made himself dictator and absolute ruler of Rome and its territories. During his rule, he enacted several reforms. How […]
What is a locks?
What were the major transportation developments of the 19th century?
What were the major transportation developments of the 19th century? At the beginning of the century, U.S. citizens and immigrants to the country traveled primarily by horseback or on the rivers. After a while, crude roads were built and then canals. Before long the railroads crisscrossed the country moving people and goods with greater efficiency. […]
How did nationalism affect Germany and Italy?
How did nationalism affect Germany and Italy? -Nationalism became the most significant force for self-determination and unification in Europe of the 1800’s. Nationalist began to form secret societies throughout Italy. Unification was the goal of groups such as the Young Italy Movement led by Giuseppe Mazzini who called for the establishment of a republic. What […]
Which of the following New Deal programs were most helpful to farmers?
Which of the following New Deal programs were most helpful to farmers? Agricultural Adjustment Administration (AAA), in U.S. history, major New Deal program to restore agricultural prosperity during the Great Depression by curtailing farm production, reducing export surpluses, and raising prices. What was the WPA program? The Works Progress Administration (WPA; renamed in 1939 as […]
What are the 3 types of productive resources?
What are the 3 types of productive resources? There are three kinds of productive resources: human, natural, and capital. Human resources are the strength, education, and skills of people. Natural resources are the gifts of nature that are used to produce goods and services. What are 4 types of productive resources? Transcript. The factors of […]