Answer: This statement is FALSE
Explanation:
Price Ceiling is the maximum price fixed by government , usually less than equilibrium price to make necessity goods affordable to max people.
Producer Surplus is the difference between prevailing price & minimum price needed to induce producers to supply . Diagramaticaly / Graphicaly , it is the vertical difference between supply curve & price level
Implying Ceiling Imposition , the price gets reduced . Assuming unchanged Supply curve , the difference between price & supply curve reduces .
Hence , Producer Surplus falls
Answer:
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
Explanation:
The journal entry for the sale of the bond is shown below:
Cash Dr $20,000
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
(Being the sale of the bond is recorded)
For recording this we debited the cash as it increased the assets and credited the investment and gain on sale of investment so that the proper posting could be done
Answer:
Explanation:
The price of the sketchbook and the trading card is not know, so the amount left could not be properly calculated.
<span>The mass production of automobiles in the United States during the 1920's affected our economy, because it made technology affordable to the middle class.</span>
Some of the norms, principles, and rules associated with the GATT and WTO are that, "they set up reciprocity in trade making, helps facilitate cooperation, and leads to increased aggregate trade."
The General Agreement on Tariffs and Trade (GATT) is an international trade treaty to promote international trade by reducing or eliminating trade barriers. GATT's most important principle was that of trade without discrimination, where each member nation opened its markets equally to others.
The World Trade Organization (WTO) is the only international organization which deals with the global rules of trade. The goal of the WTO is to ensure that trade flows as smoothly and predictably as possible.
Hence, these were some of the norms, principles, and rules associated with the GATT and WTO.
To learn more about GATT here:
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