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Snezhnost [94]
1 year ago
14

explain the law of increasing opportunity costs using the example of economic growth and a production possibilities curve.

Business
1 answer:
Ivahew [28]1 year ago
3 0

The law of increasing opportunity cost tells us that, as the economy moves along the production possibilities curve in the direction of more of one good, its opportunity cost will increase.

<h3>What is economy ?</h3>

An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.

One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content. In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.

Individuals, companies, organizations, or governments all qualify as economic actors.

To learn more about economy from the given link:

brainly.com/question/21253580

#SPJ4

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Expectations of inflation are always greater than actual inflation along the long-run Phillips Curve.
lawyer [7]

Answer:

True.

Explanation:

The statement is “True” because the Philip curve is the curve that exhibits the relationship between the inflation or price level and unemployment. If inflation rises, then unemployment falls. If inflation falls, then unemployment rises. This happens because there is a negative relationship between inflation and unemployment. However in the long run the Philip curve is a verticle line parallel to the inflation axis and that shows there is no trade-off. Thus the option A is correct.

8 0
3 years ago
Pick a product of your choice and to trace the channel(s) of distribution for that product as far back as is feasibly possible.
Sergeu [11.5K]
It will the participants candidates
5 0
3 years ago
____________ contract for the sale of goods in which the seller is required or authorized to ship the goods by carrier and tende
Helen [10]

Answer: Destination Contract.

Explanation:

Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.

The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.

The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.

After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.

5 0
3 years ago
The person who contributed the most to the understanding and final acceptance of the theory of glaciation was
Rina8888 [55]
The person who contributed the most to the understanding and final acceptance of the theory of glaciation was Louis Agassiz.
He was a Swiss-American geologists as well as biologist who lived during the 19th century. He was a professor at many universities and quite an important scientist given that thanks to him, glaciology as a study was created in order to study glaciers and everything related to ice.

5 0
3 years ago
On June 1 of year 1, Riverside Corp. (RC), a calendar-year taxpayer, acquired the assets of another business in a taxable acquis
Marina CMI [18]

Answer:

a. $63,350 temporary and favorable difference.

b. $376,400 temporary and unfavorable difference.

Explanation:

According to Federal tax codes, Goodwill is amortized for 180 months (15 years) on a straight line basis.

a. Company was purchased on June 1 which means that for year 1, 7 months would have gone by at year end.

Amortization = 1,629,000 * 7/180

= $‭63,350‬

Riverside will not deduct this from Goodwill in the books however.

<em>In Year 1 therefore, the book-tax difference will be </em><em>a favorable and temporary difference of $63,350</em>

b. Amortization = 1,629,000 * 12/180

= $‭108,600‬

Riverside wrote down Goodwill by $485,000 for book purposes.

Temporary tax difference = 485,000 - 108,600

= $376,400

This is unfavorable.

4 0
3 years ago
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