A cross-border or cross-territorial exchange of money, products, or services is referred to as an international trade.
A country's exchange of products and services with another is referred to as international trade. Imports and exports are both included. For instance, it is possible to classify as international trade India's purchases of weapons from Russia and its exports of refined petroleum to Australia. By reducing production costs, the interchange of goods boosts output volume. One final thing to consider is that no country can create everything it needs to survive. For example, China can make cameras cheaply but it cannot extract petroleum.
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China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world do you see china becoming more of a market economic system. Why/why not?
China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world China is becoming more of a market economic system.
Generally China is defined as a mixed economy market. But it is a planned economy with most of the characteristics of the market economic system under the trend of the globalization.
For example: China government planned to focus on electric cars and thus the same china did and for the cars which were produced in China and sold in China only were provided with the government subsidy.
However China government also plans for those things which it does not want to see in the market such as stopping corporations inside trade on stocks.
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In 2014, if the gni per capita of india was $1,570 and its ppp per capita was $5,630, this means that the cost of living in india was lower than the cost of living in:_____.
a. China.
b. Great Britain.
c. Germany the United States.
d. the rest of the world.
Answer:
C. Germany the United States
If real income rises 4%, prices rise 1%, and nominal money demand rises 4%, what is the income elasticity of real money demand?
a. 4/5
b. 1
c. 5/6
d. 3/4
The income elasticity of real money demand d. 3/4
Increase in real money demand = Increase in nominal money demand - Increase in inflation = 4% - 1% = 3%
Income elasticity of real money demand = % increase in real money demand / % increase in real income
= 3% / 4%
= 3/4
Income elasticity of demand is a monetary measure of how responsive the amount of demand for a very good or provider is to trade-in earnings. The formulation for calculating earnings elasticity of demand is the percentage change in quantity demanded divided by using the percent change in earnings.
In economics, the profits elasticity of call for is the responsivenesses of the quantity demanded an amazing to an alternate in patron profits. It is measured because of the ratio of the share exchange in the amount demanded to the proportion exchange in profits.
If the earnings elasticity of call for is more than 1, the best or carrier is taken into consideration a luxury and profits elastic. An amazing provider that has an earnings elasticity of call for between zero and 1 is considered an ordinary correct and income inelastic.
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Bob just retired at 70 and would like to liquidate, or cash-in,his savings from his 401(k) and Roth IRA. Who should he meet with to help make this decision
Bob should meet a certified public accountant who would help him make his decision.
What is public accounting?Public accounting can be defined as accounting firms that provide services to individuals, businesses (retailers, manufacturers, service providers, etc.), nonprofit organizations, and governmental bodies. Public accounting businesses come in a variety of sizes, from sole proprietorships to a small number of enormous international corporations that employ hundreds of thousands of CPAs worldwide. Between them are very major national and international corporations as well as local and regional businesses. CPAs, or certified public accountants, are frequently employed in public accounting. After gaining some experience, many accountants quit the bigger public accounting firms to work for a company or another organization. They are referred to as a private accountant, corporate accountant, or internal accountant in their new role.Public accounting businesses offer a variety of services, including consulting and advise on accounting systems, mergers and acquisitions, and much more.
Therefore, Bob should meet a certified public accountant who would help him make his decision.
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Easy points and will give brainliest. Would you rather have a lower premium and higher deductible OR a higher premium and lower deductible? Explain.
Answer:
higher premium and lower deductible
Explanation:
When a company’s resources are valuable, rare, imperfectly imitable, and nonsubstitutable, it has a:________
When a company’s resources are valuable, rare, imperfectly imitable, and non substitutable, it has a Sustainable Competitive Advantage.
Sustainable competitive advantages are a set of those assets, characteristics, or capabilities which allow an organization to meet the customer needs better than its competition can.
Sustainable competitive advantages are difficult to make duplicate or replicate.
The competitive advantage is what we, our company, or our department does better than anyone else. The sustainable part refers to the ability to continue doing those things long-term.
And if a person can have more than one advantage, and one can also develop advantages. However, one don’t have to possess them all now.
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According to ______ management, managers should fix an organization's problems by improving its structure, culture, and work rules while treating employees well.
The answer is Deming management.
Deming management is a type of management that focuses on building and maintaining organizational structures that produce high-quality results.
It involves putting management scholar W. Edwards Deming's principles into practice.
Deming defined management as the establishment and ongoing development of organizational systems.
Customers of the company's goods or services will receive a raise in value as a result of the deployment of such a creative and improved management system. In today's globally competitive environment, which is characterized by quickly evolving technology and customers' aspirations for greater standards of values, continuous improvement is crucial to the management system.
Continuous improvement is the process of constantly refining and enhancing organizational processes, services, and products to produce better value for customers.
Hence, According to Deming management, managers should fix an organization's problems by improving its structure, culture, and work rules while treating employees well.
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Employer-sponsored retirement plans requiring a minimum length of time of service to participate are.
Employer-sponsored retirement plans requiring a minimum length of 59.5 years of serving to participate
What is Employer-sponsored retirement?At the time of retirement, a defined benefit plan offers a fixed monthly benefit amount. Defined benefit plans, also referred to as pension plans, are sponsored by businesses that typically employ investment managers to manage accounts. In this form of arrangement, the employer assumes the risk.The guaranteed payment at retirement is not the same in a defined contribution plan. An illustration of a defined contribution plan is a 401(k).Both the employer and the employee contribute to these kinds of plans, frequently at a specified percentage of the employee's yearly pay. In this form of arrangement, the employee assumes the risk.Based on the value of investments, the account's overall worth will fluctuate. Employees get the account balance based on their contributions, plus or minus gains and losses from investments, after retirement.To learn more about Employer-sponsored retirement with the given link
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In texas, the dual budgeting system consists of separate budgets from which two groups?
In Texas, the dual budgeting system consists of separate budgets from The legislative and executive branches. This is further explained below.
What is a dual budgeting system?Generally, Both the legislative and executive arms of government in Texas are responsible for creating their own budgets under the state's dual budgeting system.
In conclusion, Therefore, the dual budget process offers a division of tasks that often has more to do with historical structures, political goals, prospective funding sources, and institutional capabilities than with the actual nature and purpose, including accurate description, of the expenditures themselves.
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A company receives a 10%, 90-day note for $4,500. The total interest due on the maturity date is:________ (use 360 days a year)
A company receives a 10%, 90-day note for $4,500. The total interest due on the maturity date is $112.50.
$4,500 × 0.10 × 90/360 = $112.50
The maturity date refers back to the date when an investment, along with a certificate of deposit (CD) or bond, turns into due and is repaid to the investor. At that point, the funding stops paying interest, and investors can redeem amassed interest and their capital without penalty.
For a maturity date, your mortgage adulthood date could be several a long time down the road depending on the term. as an example, in case you purchase a $325,000 house with $25,000 down and a 30-yr mortgage on March four, 2022, the mortgage might mature on March 4, 2052.
The expiration date is the closing date on which an American-fashion alternative may be exercised, and the best date that an ECU-style option can be exercised. The adulthood date is the date on which the underlying transaction settles if the option is exercised
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A company is interested in buying a new machine to replace outdated equipment. Before committing to the purchase, the company asks the manufacturer to provide efficiency data. The data suggests that with supplied energy at a rate of 1,600 W, the machine will do useful work at a rate of 1,540 W. What's the efficiency of this particular machine
The efficiency of this particular machine is 96.25%.
Who is the manufacturer?A manufacturer is a person or a registered corporation that produces finished goods from raw materials in order to profit. Following that, the goods are delivered to wholesalers and retailers, who subsequently sell to clients. The products are displayed by sellers in physical stores or on third-party eCommerce platforms.To find the efficiency of this particular machine:The mechanical efficiency = actual work / ideal work
So ζ = 1540 / 1600 × 100%
= 96.25%
Therefore, the efficiency of this particular machine is 96.25%.
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Janell sees an advertisement for a new skin-care product. which question should she ask herself about the product?
Janell sees an advertisement for a new skin-care product the question that she should ask herself about the product is
Could the company have a bias?"
The inability to make an informed judgement based on facts and evidence is hampered by bias, which is an unreasonable assumption or belief. Information bias, selection bias, and confounding are the three different categories of bias.
some of questions to be asked before buying skincare products are:
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Demand for movie rentals is highly elastic. A video store that raises the price of a rental will Group of answer choices lose revenue. possibly gain or lose revenue. gain revenue. see no change in revenue.
It will lose revenue
What is the relation between elastic demand and price change?
An elastic demand responds proportionately to changes in price and is present in products or services that have substitutes.
It implies that if a good's price goes up, less people will want it. The opposite is also true; if the price drops, the demand will increase.
On the other side, elasticity describes the effect of prices on consumer demand for goods, and there are a number of important elements that affect this relationship:
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On August 31, 2021, Shocker borrows $57,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022.
9% interest to be paid on August 31, 2022, is $1,710.
The price of return that lenders call for for the ability to borrow their cash. for example, the interest rate on credit playing cards is quoted as an APR. In our instance above, four% is the APR for the mortgage or borrower. The APR does not keep in mind compounded interest for the yr.
There are some public sectors in addition to private zone banks in India. although every bank, typically has a different range of interest price for savings bills, the rates commonly range from 2.70% p.a. to six.25% p.a. 2.70% p.a. to 6.50% p.a.
Paid interest is a hobby you've already been credited or paid for. As noted, before virtually having access to the hobby, it's really accruing. however, once that sum hits our account or balance, it is now known as a paid hobby.
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What should investors consider when planning for their retirement?
Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning. Start planning for retirement as soon as you can to take advantage of the power of compounding.
Planning for retirement is making preparations for your future so that you can continue to achieve all of your objectives and desires on your own. Setting your retirement goals, calculating how much money you will require, and making investments to increase your retirement savings are all included in this. Every retirement strategy is different.
Planning for retirement is crucial because it might prevent you from running out of money in later life. Your strategy can assist you in determining the rate of return you require on your assets, the appropriate level of risk, and the maximum amount of income you can safely draw from your portfolio.
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Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is worth it to Matthew most likely because
Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is worth it to Matthew most likely because His preference is for designer labels, since the assertions made by the other manufacturers, which claim that designer trousers are less expensive, are illogical. This is further explained below.
What is the cost?Generally, payment is required before it can be obtained or completed.
In conclusion, Affluent designer jeans are Matthew's choice. There are cheaper jeans out there, but Matthew most certainly prefers designer labels since the arguments of the other manufacturers, who say that designer pants are less costly, are irrational.
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The table below shows the after-tax income and consumption spending for a nation. a. Calculate the dollar amount of savings, the marginal propensity to consume (MPC), and the marginal propensity to save (MPS) for each level of income. Instructions: Enter your answers for savings as a whole number. Round your answers for MPC and MPS to one decimal place.
The dollar amount of savings equals $13,375, the marginal propensity to consume equals 0.9 and the marginal propensity to save equals 0.1.
What is the dollar value of savings?After-tax income is $23,100, savings is $9,600 ($23,100 − $13,500).
Then when after-tax income is $29,975, savings is $10,975 ($29,975 − $19,00).
Finally, when after-tax income is $37,975, savings is $13,375 ($37,975 − $24,600).
What is marginal propensity to consume?Because the income increases from $18,100 to $23,100, the amount of extra income is $5,000. Increase in consumption = $4,500 ($13,500 − $9,000). The MPC at this level of income is $4,500/$5,000 = 0.9.
What is marginal propensity to save?= 1 - MPC
= 1 - 0.9
= 0.1
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Blossom Company issued $440,000 of 4%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1.
The journal entry for the given record is as below:
January 1, 2022
Bonds Payable Debited 440,000
Cash Credited 440,000
What is journal entry?A journal entry is the act of recording any transaction, whether one that is economic or not.An journal entry that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry. The amount of the debits and credits must be equal in order for the journal entry to be declared balanced.Depreciation or bond amortization are examples of recurring items that can be recorded in journal entries. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software.To learn more about Journal entry with the given link
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Question:
Blossom Company issued $440,000 of 4%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1. Blossom Company uses straight-line amortization for bond premium or discount.
Prepare the journal entries to record the following event.
The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
If a company becomes aware of a group of hostile shareholders, what may its next course of action be?
Priority dividend right to make up shareholders for the lack of voting rights. Paid-in capital above par course of action be.
The board must agree on the amount of cash to be paid to shareholders individually and collectively. The board must also set a record date for determining which shareholders are eligible to receive dividends, set payment dates, and notify shareholders.
The right to receive a certain percentage of net income each year. Right to distribute liquidation assets.
Instead, the Board of Directors approves and declares a stock dividend, with each shareholder receiving additional shares based on their current ownership. For example, if a 5% stock dividend is declared, each shareholder will receive 1 additional share for every 20 shares they hold.
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In the context of effective delegation, the first step leaders should take when deciding what to delegate is to identify all their present activities.
In delegation of tasks it is important to analyze the present activities because the current level of activity and the tasks that are already delegated will show the current level of occupancy of staff and available tasks.
What is delegation?Delegation is the act of assigning a task to someone. This is usually done in the organizations where the manager or a senior have more tasks to be performed who then delegates the tasks to lower level employees so that the tasks are performed on time.
Delegation helps in carrying out tasks on time and with efficiency.
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A firm can be expressly prohibited from engaging in certain business activities or can be broken into two or more competing firms when it
A firm can be expressly prohibited from engaging in certain business activities or can be broken into two or more competing firms when it is found guilty of antitrust violations.
What is antitrust laws?These are laws established to protect the interest of the consumers by creating enabling environment for businesses to thrive. These laws prevent unfair business associations such as trusts contribute to competition.
Anti-trust laws are laws, meant to protect the customer from predatory practices by businesses such as collusion hence ensuring that there is competition in the market for the benefit of the consumer.
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he Federal Reserve Bank sets ______ which are the fractions of checking account balances that banks must maintain as currency reserves.
The measure that is set by the Federal Reserve Bank which is a fraction of the checking account balances of banks is called the Reserve Requirement.
What is the reserve requirement?This refers to a fraction of the checking account balances that commercial banks hold from the public. The Fed will hold this amount in reserve,
The reason for this is so that banks will have money to give out to customers in case there is a run on banks like the one that happened in the Great Depression era.
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During the recent financial collapse, financial managers failed to do their job effectively because of:
During the recent financial collapse, financial managers failed to do their job effectively because of risky financial decisions and poor investment decisions.
What is a financial collapse?A financial collapse occurs when many borrowers cannot repay their loans.
Most financial collapses have occurred from:
UndercapitalizationPoor control over cash flowFlagrant financial and investment decisionsInadequate expense control.Thus, for the recent financial collapse, financial managers failed to do their job effectively because of risky financial decisions and poor investment decisions.
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When prioritizing the backlog, what does taking an economic view mean?
When prioritizing the backlog, taking an economic view mean Realizing the goal of Lean
A lean system represents a company or business unit that comprehensively applies lean principles to the methods of planning, prioritizing, managing, and measuring work. The goal of all lean systems is to maximize customer profits. Lean thinking can significantly improve the productivity and functionality of a team or department, but lean implementation across the organization has the greatest impact on customers.
The lean system uses a lean approach to identify and eliminate waste. They systematically discover and take advantage of opportunities for improvement. These are two of Lean's basic concepts. Eliminate everything that doesn't add value to your customers, work systematically and continuously, and create more value for your customers.
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Customers complain that they do not know when comments have been added to their cases. which configuration can a system administrator implement to address this concern?
Configure Feed Tracking for Case Comments is a configuration can a system administrator implement to address this concern.
Feed Tracking detects changes to tracked record fields and posts them as updates to the WhatI Follow feed. Users who follow the record will see these updates in the What You Follow view, with one exception. Updates made by the user himself will not be posted in "What to follow". Users can see these updates in their profile feed.
Case Comments are your opinion on how a particular court ruled a particular case. Case law explains, reflects, criticizes, and conveys your thoughts on the court's decision to the reader.
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To determine whether their employees are doing their jobs efficiently and effectively, managers use:_______
In order to find out if employees are doing their job as they should in an efficient and effective manner, managers use performance management.
What is performance management?This refers to anything that employers do in order to find out how employees are doing as regards helping the company to meet its organizational goals.
These methods go beyond trying to find out how employees are doing as regards work, but also tries to suggest ways that the employees can get better at what they do.
In order to do this, the employees need to be monitored and the process they use to go about their jobs need to be studied. They are then juxtaposed with industry best practicies to make them better.
Performance management is therefore hugely important in companies as it ensures that they meet organization objectives.
In conclusion, this is performance management,
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When there is a serious concern, providers should urge the consumer file a recipient right complaint instead of a grievance. a. true b. false
It is a false statement that providers should urge the consumer to file a recipient right complaint instead of a grievance.
What is a recipient right complaint?These are imminent complaint that can occur when someone believe that their rights has been violated and may use such form to make a complaint.
In practice, the right complaint often follow a procedure that addresses communications submitted by individuals, groups or non-governmental organizations that claim to be victims of human rights
These recipient right complaint are reviewed by a rights officer/advisor who will conduct an investigation to know who is guilty.
Because the consequence of a right complaint could be gravely, then, it should be prevented, thus, It is a false statement that providers should urge the consumer to file a recipient right complaint instead of a grievance.
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What do sellers do if they expect the price of goods they have for sale to increase dramatically in the near future
The correct answer is B. store the goods until the price rises and then try to sell the goods.
What is Factors of supply ?There are many factors that affect the supply of a good such as the price of the good, the input prices, etc. When the price of input increases, it increases the cost of production in a firm which ultimately reduces the profitability of the firm. Thus, it leads to a decrease in the supply of goods when the price of the inputs rises.
INTERPERTATION -
If a seller expects the price of the goods they have for sale to rise, the seller will want to sell them at a higher price than he or she is currently doing. Thus, the seller will store them instead of keep selling them, and he or she will try to sell the goods when the price rises.
Therefore, we can conclude that the correct option is B.
Your question is incomplete, but most probably your full question was:
What do sellers do if they expect the price of goods they have for sale to increase dramatically in the near future?
A. store the goods indefinitely regardless of when the price rises .
B. store the goods until the price rises and then try to sell them.
C. sell the goods now and try to invest the money instead of resupplying.
D. sell the goods now but try to get the higher price for them.
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Make adjustments to the graph to reflect the impact of the minimum wage changes Mr. Winkler discusses in the video. Place the wage line to be consistent with Winkler's observations. If the minimum wage line is already in the correct location, then do not move it.
The lines on the Minimum Wage Labor graph have been correctly placed accordingly. See the explanations below.
What is minimum wage labor?The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a certain time and that cannot be decreased by a collective agreement or an individual contract is known as a minimum wage.
The demand and supply of labor at this wage rate is what is referred to as minimum wage labor.
What is the explanation for the new graph attached?The default market equilibrium point is EThe equilibrium wage rate is OP; and The equilibrium quantity of labor demanded and supplied in the market is OL.What happens when the government increases minimum wage?In the short run, the demand for labor (in accordance to the laws of supply and demand) shrinks from OL to OL1On the other hand, supply of labor increases from OL to OL2.The deadweight loss is represented by the region displayed by ACE.The entire amount of excess labor on the market is represented by the region illustrated by TCAP1.The region represented by TCSP is the surplus of labor resources that are available.The region depicted by PSAP1 is the surplus that would be made available to industry if it hired labor.The minimum wage line is already at the right place; as a result, there is no need to move it.Learn more about minimum wage labor:
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Institutional review boards (irbs) are not exempt from review of research proposals if the participants fall into which category?
Exempt research on human subjects is study that poses no risk or very little harm to people and is exempt from the majority of the Federal Policy for the Protection of Human Subjects standards, but it is still considered research and requires IRB review for an exemption determination.
Any research that uses identifiable private information to systematically gather data or information on living subjects with the aim of creating or enhancing generally applicable knowledge is known as "human subjects research." Both medical (clinical) and non-medical (such as social science) research can use human subjects.
Data gathering and analysis are both included in systematic study in order to provide an answer to a particular question.
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