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Nuetrik [128]
3 years ago
10

Assume the global economy consists of just two trading partners, the United States and Europe. Determine whether each scenario b

elow corresponds to the United States having a trade deficit, balanced trade, or a trade surplus. U.S. Trade deficit.
a. The value of European assets purchased by Americans exceeds that of American assets purchased by Europeans.
b. In the United States, the sum of private savings and government savings is less than private investment.
c. Europeans purchase more goods and services from the United States than Americans purchase from Europe.
d. Net foreign investment for the United States is positive.
e. Net exports for Europe arc zero.
f. Exports from the United States equal imports into the United States.
Business
1 answer:
lyudmila [28]3 years ago
3 0

Answer:

United States and Europe

Determination of United States having a trade deficit, balanced trade, or a trade surplus:

a. Trade surplus (investment surplus)

b. No effect on trade surplus or deficit

c. Trade surplus

d. Investment surplus

e. Balanced trade

f. Balanced trade

Explanation:

The United States experiences a trade surplus when its exports to Europe is higher than the imports from Europe, whether it is for goods, services, or investments.

On the other hand, the United States will experience a trade deficit when its imports from Europe are more than its export to Europe.

The US and Europe will have some advantages and disadvantages to having a trade deficit or surplus.  When the US experiences a surplus, the exchange rate between the two continents increases in favor of the US.  However, there will a reduction of the competitiveness of the US exports as higher prices will be incurred by Europe for US exports.

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Seeing a golden opportunity to raise revenue, the city of Boston levies a per ticket tax of $5 to be paid by the ticket buyer. B
Dvinal [7]

Answer:

TRUE

Explanation:

When supply is perfectly inelastic, the supply curve is vertical as shown in the attached plot. Thus, the tax that shifts the supply curve upward would have no effect on the equilibrium quantity or price paid by consumers. Since equilibrium quantity or price paid by consumer don't change there's no burden on them. However, no  team's owners would receive a lower after tax price and thus bearing the entire tax burden.

8 0
3 years ago
Three types of business​ organizations) Limited partnerships have two classes of partners. The _____ limited general partner act
tia_tia [17]

Answer:

General; limited; limited.

Explanation:

Limited partnerships have two classes of partners. These two (2) classes are;

1. General partner: it is a type of partnership in which two or more people come together and have an agreement to do business by sharing profits, assets, debts or financial and legal liabilities.

2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.

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8 0
3 years ago
X Company purchased a patent on January 3, year 7 from Y Company for $145,000. An attorney drew up the contract between X &
Setler79 [48]

Answer:

The carrying value of the patent on X company on December 31 is $122,000

Explanation:

Computing the carrying value of the patent is as:

The total cost of the patent which will be recognized is as:

Total cost of patent = Purchased cost + Attorney value

where

Purchase cost is $145,000

Attorney cost will be divided into 2, so

Attorney cost = $15,000 / 2

= $7,500

So,

Total cost of patent = $145,000 + $7,500

Total cost of patent = $152,500

Now, amortize the patent over the useful life of patent as:

Amortize value = Patent cost / Useful life

Amortize value = $152,500 / 10

Amortize value = $15,250

But X held the patent for 2 years, so its accumulated amortization is:

Accumulated amortization = Amortize value × 2

= $15,250 × 2

Accumulated amortization  = $30,500

Now, the carrying value will be:

Carrying value = Total cost of patent - Accumulated depreciation

Carrying value = $152,500 -$30,500

Carrying value = $122,000

5 0
3 years ago
Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha
gladu [14]

Answer:

1. The expected cost of production for each tire sold is $0.013 per tire.

2. Probability that Grear will refund more than $50 for a tire is 0.0107

Explanation;

1. Mileage is 36,500 miles

Standard deviation is 5,000 miles

Observed miles is 30,000 miles

100 miles failed at $1

Therefore;

(36,500 - 30,000) /5,000 = 1.3

To get the cost of production,

Since 100 miles equals $1 if fail

1.3 × 1 / 100

= $0.013 per tire.

2. P(Z<25,000 - 36,500/5,000)

= P(Z<-11,500/5,000)

=Z<2.3

Therefore,

1-0.9893

=0.0107

The probability that Grear will refund more than $50 for a tire is 0.0107

3 0
3 years ago
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