Answer:
the value of imports increasing by more than the value of exports at the time of devaluation.
Explanation:
J-curve effect means the starting depreciation effect based on the balance of trade that should be negative also when the imports and the exports adjusted on the long run with respect to the changes made in the prices so the net effect should be positive
So as per the given situation, the above should be the answer
A trend in buisness is to invest
Answer:
Credit inventory 1000 and debit COGS 1000
Explanation:
19*500=9500 <price it is recorded at currently
The rule requires lower cost - market vs. price. Since market cost is lower, you have to find out how much the ending inventory balance should be
17*500=8500
9500-8500=1000
The inventory booked should be lowered, thus requiring credit entry of 1000. Since it is a merchandise loss, it is counted towards cost of goods sold expense, thus debit
Answer: b. has a backward-bending portion.
Explanation:
A backward-bending supply curve shows what happens when people substitute higher wages for more leisure time like Amari is doing in this scenario.
At a higher wage, people will be able to work for shorter hours as such a job will still give them the same amount of money as working longer in lower paying jobs.
After they get a certain level of payment from the higher paying job, they will then substitute the remaining hours for leisure. This creates a backward-bending curve because labor hours are reducing past a certain level of wages.
Answer:
Implicit Imputed opportunity cost of time sacrifised while airport drop .
Explanation:
My friend asking me to drop at airport, & paying costs : gas used while driving, parking cost of car - has excluded certain price giving aspects.
He has included all the Explicitly quantified costs , whose payment is made to third person - like fuel & parking.
However, he has not included the implicit cost in terms of opportunity cost i.e other things sacrifised while going to drop him. Such costs payment is although not directly made to third person, but they still reflect a 'cost' as they reflect a gain sacrifised meanwhile.
In this case, it includes time sacrifised while going to drop friend at airport. That time could be used at work, which could have monetary benefits. So, this cost is eliminated to be evaluated by my friend.
