Answer:
The answer is: E) workers in Alzania have higher productivity due to better education and training.
Explanation:
Alzania and its neighbor both produce cotton and they both have the same amount of workers in the production of cotton. If Alzania is able to produce more cotton (or any type of product) using the same amount of resources (in this case labor) than its neighbor, we can conclude that Alzania does have an absolute advantage in that industry.
This absolute advantage exists because Alzania's workers are more productive than their neighbor's workers.
For example, lets say both countries have 5,000 cotton workers. Alzania produces 100 tons of cotton per worker, while its neighbor only produces 80 tons of cotton per worker. That means Alzania's workers are more productive, and labor usually gains productivity through education or training.
Lender
which is usually the bank
Answer:
The correct answer is: tolerance of uncertainty.
Explanation:
Even if the market for precious metals is facing a decline due to recession, Priscilla mortgaged her house so she can continue investing in her precious metals business. This decision reflects Priscilla's tolerance of uncertainty that comes to the surface when it is not confirm what the course of an event will be because the factors that determine the course are too ambiguous or even unknown. The adverse situation does not discourage Priscilla and she is being tolerant enough to decide to keep her business up and running.
Answer:
C) Debit Office supplies, $500; credit Accounts payable, $500
Explanation:
The journal entry is as follows:
Office supplies A/c Dr $500
To Account payable A/c $500
(Being the office supplies are purchase on credit is recorded)
Since the office supplies are purchased so we debited the office supplies that increase the assets and credited the account payable as it purchase on credit basis plus the liabilities are also increased
