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LenKa [72]
1 year ago
13

two friends, alex and sam, go shopping. alex is thinking of purchasing a new shirt for $5 that has a "made in indonesia" tag on

it. sam mentions how terrible working conditions are for textile workers in indonesia. sam states that "if they’d only charge $10 for their shirts, then all the sweatshop workers would be so much better off." why might sam's argument be flawed? the higher price would probably cause in , leading to a reduction in output and employment in the indonesian textile industry.
Business
1 answer:
julsineya [31]1 year ago
5 0

Answer:

The higher price would probably cause a decline in quantity demanded, leading to a reduction in output and employment in the Indonesian textile industry.

Explanation:

A higher price would cause for a decrease in quantity demanded as a result of people wanting things cheap.

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Therefore, the correct option is (B) cash cow
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7 0
1 year ago
A firm's _____ includes its rivals, suppliers, customers, new entrants, substitutes, and complementary products. environmental s
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The answer is: competitive environment

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8 0
3 years ago
Brittany has the right when her child is born to take one full year of leave with two-thirds of her pay, and there is substantia
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3 0
2 years ago
The transactions of Spade Company appear below.
s2008m [1.1K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

                                            DEBIT           CREDIT

A. Kacy Spade, owner, invested cash in the company

Common stock                   14250

Cash                                                           14250

B. The company purchased office supplies

Office supplies                      413

Cash                                                              413

C.The company purchased office equipment on credit

Office equipment                 7880

Payables                                                      7880

D.The company received $1,681 in cash

Cash                                       1681

Fees earned                                                 1681

E. The company paid $7,880 cash to settle the payable

Payables                                7880

Cash                                                              7880

F. The company billed a customer $3,021 as fees

Receivable                              3021

fees earned                                                   3021

G. The company paid $520 cash for the monthly rent.

Rental expense                        520

Cash                                                               520

H. The company collected $1,269 cash as partial payment

Cash                                         1269

Receivables                                                    1269

I. The company paid a $1,000 cash dividend to the owner

Retained earnings                  1000

Cash                                                                 1000

5 0
2 years ago
From 1970 to 1998 the U.S. dollar a. gained value compared to the German mark because inflation was higher in the U.S. b. gained
yawa3891 [41]

Answer:

lost value compared to the German mark because inflation was lower in Germany

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

If inflation of the currency of a country increases relative to that of another country, the value of that currency decreases

8 0
2 years ago
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