All categories

3 years ago

Which of the following is a true statement about long-run economic growth?

Business

2 answers:

Rashid [163]3 years ago

7 0

How are we going to answer without the choices?

tamaranim1 [39]3 years ago

3 0

Long run economic growth is a foresight done by several developed and developing countries. A plan is laid for the long run economic growth of a country, then it is broken down and distributed as goals and tasks to be done by individual sectors concerned with economic growth. The plan is then executed to jump-start the improvement on the economic growth.

You might be interested in

This month, Joe’s Gym is opening a new location in the busy downtown area. According to ads in the local paper, the gym, unlike

expeople1 [14]

Answer:

nonprice competition

Explanation:

The strategy that Joe's Gym is using gives differentiated services to the users when compared to the competition, but Joe's Gym do not change prices.

5 0

3 years ago

Read 2 more answers

On December 31, 2017, Stellar Company had $1,159,000 of short-term debt in the form of notes payable due February 2, 2018. On Ja

Phoenix [80]

Answer:

Explanation:

Before showing how short term debt should be presented before doing this we have to classify the items in each head

Like - In current liabilities, notes payable is recorded at $11,500

And, in the long term liabilities, the proceed after brokerage fees for $1,147,500 should be recorded.

The total amount would remain the same i.e $1,159,000

Kindly find the attachment below:

5 0

3 years ago

Craig and Kris were walking directly toward each other in a congested store aisle. Craig moved to his left to avoid Kris, and at

Andreas93 [3]

Answer:

does not achieve a mutually beneficial equilibrium because there is a lack of coordination of the actions of people and businesses

Explanation:

From the question, we are informed about Craig and Kris who were walking directly toward each other in a congested store aisle. Craig moved to his left to avoid Kris, and at the same time Kris moved to his right to avoid Craig. They bumped into each other. This example illustrates the concept of coordination failure and in this case, This idea relates to macroeconomic instability because the economy does not achieve a mutually beneficial equilibrium because there is a lack of coordination of the actions of people and businesses. Coordination failure can be regarded as failure that takes place as a result of group of firms want to achieve a more desirable equilibrium, but resulted to failure as a result of their decision making not been coordinated

8 0

3 years ago

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31

LUCKY_DIMON [66]

Answer:

Fit-for-Life Foods

Multiple-step income statement, for the year ended December 31

Sales 220,000

Less Sales returns and allowances (4,000)

Net Revenue 216,000

Less Cost of goods sold (90,000)

Gross Profit 126,000

Less Operating Expenses :

General and Administrative Expenses

Gain on sale of equipment ( 6,250)

Office supplies expense 700

Depreciation expense—Office copier 500

Insurance expense 1,300

Office salaries expense 32,500 (28,750)

Selling and Distribution Expenses

TV advertising expense 2,000

Sales discounts 16,000

Sales commission expense 13,000

Sales staff wages 23,000

Rent expense—Selling space 10,000 (64,000)

Operating Income / (Loss) 33,250

Less Non - Operating Expenses

Interest revenue 750

Net Income / (Loss) 34,000

Explanation:

A multiple-step income statement shows separately profit generated from Primary Activities of the Company (Operating Profit) and profits that included Secondary Activities of the Company (Net Profit)

3 0

4 years ago

There are over 100 companies that manufacture natural and artificial flavorings used to enhance the taste of food before it is s

makvit [3.9K]

Answer:

The answer is monopolistic competition.

Explanation:

Monopolistic competition refers to a market type where there are several producers who sell the same type of products, but differentiated from one another; thus making their products unable to be substituted for one another. This is the case in the scenario at the question; though there are multiple companies producing natural and artificial flavorings, due to the different in how they taste, each company’s product cannot be substituted with one another’s.

6 0

3 years ago

Read 2 more answers

Which of the following is a true statement about​ long-run economic​ growth?

Which of the following is a true statement about long-run economic growth?