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2 years ago

More abundant leisure increases , but it real gdp.

Business

1 answer:

SSSSS [86.1K]2 years ago

7 0

More abundant leisure increases Social Welfare, but it decreases real GDP.

GDP also known as the gross domestic product is the monetary measure of the market value of all products and services produced in a country within a particular period of time.

When a country increases its leisure, it increases the level of social welfare but at the same time decreases the value of the GDP of that country.

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________ entails even closer economic integration and cooperation than a common market. Group of answer choices A customs union

Goshia [24]

Answer:

An economic union

Explanation:

Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time. There are different types of market or trade bloc used in economic integration and these includes;

I. Customs union

II. Free trade area

III. Common market

IV. Political union

VI. Economic union

An economic union can be defined as a trade bloc which comprises of both customs union and a common market.

In a common market, there are free movement of the factors of production and no barrier to trade between member countries. Also, a common market establishes a common external trade policy for non-member countries.

However, an economic union entails even closer economic integration and cooperation among member countries than a common market because it combines customs union and a common market.

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3 years ago

How should sales promotion decisions be made?

jekas [21]

Answer:

By how they work and how they are in their field

6 0

3 years ago

In the case of oligopolistic markets, self-interest makes cooperation difficult and it often leads to an undesirable outcome for

Tanya [424]

Answer: True

Explanation:

An Oligopolistic market is one where the suppliers are very few in number. Cooperation is indeed difficult in such markets as they are motivated by self-interest to try to make more profits than their competitors.

This usually leads to an undesirable outcome. For instance, if two oligopolistic firms agree on a price to sell goods, one of them might decide to sell at a lower price in order to gain more market share. This will cause the other firm to reduce its prices as well which means that both companies would be worse off than when they started.

7 0

3 years ago

At the beginning of the current period, Teal Mountain Corp. had balances in Accounts Receivable of $211,200 and in Allowance for

cupoosta [38]

Answer and Explanation:

The Journal entry is shown below:-

a. Accounts Receivable $804,300

To Sales $804,300

(Being credit is sales recorded)

Cash Dr, $839,040

To Accounts Receivable $839,040

(Being collection during the period is recorded)

b. Allowance for Doubtful Accounts Dr, $7,902

To Accounts Receivable $7,902

(Being uncollectible accounts are written off is recorded)

c. Accounts Receivable Dr, $3,002

To Allowance for Doubtful Accounts $3,002

(Being to reinstate collected account previously written off is recorded)

Cash Dr, $3,002

To Accounts Receivable $3,002

(Being collection of previously written off is recorded)

d. Bad Debts Expense Dr, $18,170

To Allowance for Doubtful Accounts $18,170

(Being adjust allowance for doubtful accounts is recorded)

Working note:-

Allowance for Doubtful Accounts

Beginning balance $9,490

Written off $7,902 Recovery $3,002

Bad debts $18,170

Ending balance $22,760

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3 years ago

Jonas had a reputation for underestimating the abilities of his employees;__________workers were often let go after it had been

almond37 [142]

Diligent workers were often fired after they were found to lack the skills necessary to fulfill job responsibilities.

<h3 /><h3>What is the relevance of performance appraisal?</h3>

It is a formal instrument used to analyze whether the employee is performing his duties as expected by the organization, that is, through certain requirements the HR department is able to analyze the employee's development, motivation and productivity at work.

Therefore, underestimating the skills of employees is not the ideal behavior for creating a positive culture, the ideal is for the company to provide feedback, training and enable the development of employees.

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2 years ago

Read 2 more answers

More abundant leisure increases ______, but it ______ real gdp.

More abundant leisure increases , but it real gdp.