answersLogoWhite

0


Best Answer

because

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why agriculture is considered as the backbone of the phil. economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Phil Knight's leadership is transactional or transformational?

The style Phil Knight used as CEO of Nike would be considered Transformational, because transactional is more of a directive approach, and he didn't direct his company as much as other high-powered CEO's.


What is one British pound worth in US Dollars?

well my friend, the conversion to one British pound in US dollars is of course a piece of poo. i hope my answer helped my friend feel free to email me at sinep@gmail.com yours sincerely Phil macrack


When was the Glass-Steagall Act repealed?

The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 54-44 vote in the Senate and by a bi-partisan 343-86 vote in the House of Representatives. After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90-8 (one not voting) and in the House: 362-57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999.


Is the Federal Reserve unconstitutional?

Answer OK - let's keep it simple you say the "Federal Reserve acts as a regulatory agency". But there is no governmental control according to the SUPREME COURT OF THE UNITED STATES No governmental control= UNCONSTITUTIONAL. Lewis v. United States, 680 F.2d 1239 (1982) the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency: Congressional Attempts to Control the Fed (quotes courtesy of site linked below - quotes not under copyright) 1937 Rep. Charles G. Binderup of Nebraska 1952 Rep. Wright Patman of Texas ( House Banking Chairman) "In fact there has never been an independent audit of either the twelve banks of the Federal Reserve Board that has been filed with the Congress ... For 40 years the system, while freely using the money of the government, has not made a proper accounting." Patman RE: Federal Open Market Committee "one of the most secret societies. These twelve men decide what happens in the economy ... In making decisions they check with no one -- not the President, not the Congress, not the people." Patman also said: "In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution." 1971 Rep. John R. Rarick of Louisiana introduced H.R. 351: "To vest in the Government of the United States the full, absolute, complete, and unconditional ownership of the twelve Federal Reserve Banks." He said: "The Federal Reserve is not an agency of government. It is a private banking monopoly." He was later defeated for re-election. 1980's, Rep. Phil Crane of Illinois called for the repeal of the Federal Reserve Act. In 1980 congress passed the Monetary Control Act,it gave the Federal Reserve control of all banking institutions. The majority of the post below was plagiarized from two websites - see links. Answer You know, whenever I hear what I think are just crazy questions like this...one of my first thoughts is: Just for a second...say it was even remotely possible that all those very involved, dedicated people, on all sides of the discussion, knew it was so...why would they keep it hidden...but even more importantly....what do you think... would it take even 5 minutes to correct it and just pass a law, or whatever is needed, allowing it? Maybe less. Then of course...I think your probably so confused that your not asking about anything even related to what you think...I suspect you want to challenge the Constitutionality of an income tax...(which by the way is addressed in the 16th amendment). Not the Federal Reseve..which is defined below and is really just a method for orderly banking and I can't imagine being a Constitutional issue.


Is a market adjustment the same as a pay raise?

Adjustment is not a pay raiseHi Absolutely not. The market is the Stock Market, and an "adjustment" in the market is little more than a euphemism to explain away a radical change in something like the Dow Jones Industrials. Suppose the Dow is at 1200 and it drops to 950 in 3 hours. Then it could be explained away because at 1200 the Dow was unnaturally and unrealistically high; too high to sustain itself, so it "adjusted itself" to a "proper value" of 950. Unless you own stock that is wiped out in one of these little adjustments, or the company you work for is suddenly worthless and can no longer buy parts on credit, you could probably go your entire life without knowing or caring about a stock market adjustment, while a pay raise is something that should be immediately and personally noticeable as it is in your pay packet. Phil ----Consider one stock. Consider the asset value of the company, its net profit/yr, the amount of stock issued and the value per share of the stock. There is more but that's enough to illustrate a real adjustment. When a company has sustained the value of the stock with good, trusted values of "the other things", the stock price can expect to be stable, or better yet, stabling rising or producing dividends.When the values of "the other things" changes to not good or not trusted, a previously valued stock may become overvalued and is at risk of an adjustment.Apply this to the overall market and you may see a market adjustment. An adjustment can represent fear or a reality check. -tmwmott