Compare and Contrast the Principles and Policies of the New

question 99

Essay

Compare and contrast the principles and policies of the New Freedom and the New Nationalism programs. Which program do you believe represented the most effective way to promote economic growth and restrain the economic excesses and adverse consequences of free market capitalism? Which program most closely adhered to the economic roots of progressivism? Which program would likely uphold progressivism's commitment to social welfare and social justice? Support your answers with specific examples.

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Definitions:

Common Fixed Expenses

Expenses that remain constant in total over a relevant range of time or production volume and are shared by multiple business segments or products.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue is contributing to cover fixed expenses and profit.

Fixed Manufacturing Overhead

Costs that do not vary with the level of production, such as rent, salaries of permanent staff, and property taxes on a factory.

Variable Costing

A method of accounting that incorporates only the costs that vary with production into the cost of products, leaving out any fixed manufacturing overhead.