<span> #1) Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram.
Answer: Increased commerce spent by tourists in the Macro Islands moves through the economy’s circular flow diagram and will affect all portions of the Macro Island’s economy. First, the tourists that visit the Macro Islands will purchase goods from the product market, as a result it will form the product market. These purchased goods then go to the household where these goods will be used; this supports the product market. Here, the system branches off into three different directions: first, through the payment of taxes we reap government services; second, by investing our money in financial institutions, we sustain the financial market while collecting interest; third, because households provide resources like labor, we sustain the factor market and in return collect income. These three sections of the economy connect to businesses through government services, borrowing, and factors of production respectively. In the end the businesses provides foods and services to the product market to repeat this cycle.
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Answer:
Explanation:
The indications are shown below:
1. Pay a cash dividend = dividend is debited and cash is credited
2. Pay rent in advance for the next three months = Prepaid account is debited and cash is credited
3. Provide services to customers on account = Account receivable is debited and service revenue is credited
4. Purchase office supplies on account = Supplies account is debited and account payable is credited
5. Pay salaries for the current month = Salaries expense is debited and cash is credited
6. Issue common stock in exchange for cash. = cash is debited and common stock is credited
7. Collect cash from customers for services provided in (3) above. = Cash is debited and account relevance is credited
8. Borrow cash from the bank and sign a note = Cash is debited and note payable is credited
9. Pay for the current month's utilities = Utilities expense is debited and cash is credited
10. Pay for office supplies purchased in (4) above = Account payable is debited and cash is credited
Answer:
Mikhail's gains 10 carpets and 10 quilts from the trade. Dominique's also gains 10 carpets and 10 quilts from the trade.
Step-by-step Explanation:
Step 1: Capacity
Mikhail's can make 160 carpets or 160 quilts per month.
Dominique's can make 120 carpets or 200 quilts per month.
Step 2: Before Trade
Mikhail's makes 80 carpets and 80 quilts per month.
Dominique's makes 60 carpets and 100 quilts per month.
Step 3: After Trade:
Mikhail's makes 160 carpets per month.
Dominique's makes 200 quilts per month.
Trade = 70 carpets for 90 quilts.
Mikhail's now has 160 - 70 = 90 carpets and 90 quilts.
Dominique's now has 70 carpets and 200 - 90 = 110 quilts
Step 4: Gains from Trade:
Mikhail's gains 90 - 80 = 10 carpets and 90 - 80 = 10 quilts from trade.
Dominique's gains 70 - 60 = 10 carpets and 110 - 100 = 10 quilts from trade.
Answer:
true the reason why is because you are giving away more stuff than you are geting
Explanation:
