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3 years ago

Which statement describes a benefit of international trade

2 answers:

7 0

Countries gain from exchange when trade enables each country to receive a higher price for exported goods and/or pay a lower price for imported goods. This leads to more efficient resource allocation and allows consumption of a larger variety of goods.

Sergio [31]3 years ago

4 0

Answer:

For PLATO Users, the correct answer is:

"From then on, aromatic rice exports make up 40% of Chawalia's annual GDP."

Hope this helps! Please crown me Brainliest, don't be afraid!

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Riley, age 16, and Samuel, age 36, enter into a contract in which Riley will sell Samuel his car for $11,000. The next day, Samu

Olin [163]

Answer: The answer is that Riley cannot enforce the contract because he is a minor.

Explanation:

Contract is an agreement between two or more individuals which is enforceable by the law. For a contract to be considered valid in law it must contain some essential elements such as the following

Offer: This is the person who is making the offer in the contract agreement, known as the offeror

Acceptance : This is the person who is willing to accept the offer, known in this case as the offeree.

Consideration : The law states that, all simple contract must be supported by value consideration known as price.

Intention to create legal relations :The parties in contract must agree to enter into a legal relationship as regard the contract.

Capacity : The law also states that, The parties in contract must be capable of entering into contract at the time of coming into the contract. In other words, the person must be of age of 18 years and above.

Legality : The contract must not contrary to the law , it must be seen to be legal according to the law .

Therefore, in the question under review, Riley is 16 years, by law he is a minor, he has not fulfilled one of the essential elements of a valid contract which is capacity. The law states that, any contract enter into with a minor is null and void according to law.because, as at the time of entering into the contract such a minor is not capable of entering into the contract. Therefore, Riley will not be able to enforce the contract because he is a minor.

3 0

3 years ago

describe the two eligibility requirements to qualify for deducting losses generated from real estate activities.

Zolol [24]

Two exceptions to the special passive activity rule for real estate activities provide the whole or partial offset of real estate rental losses against active or portfolio income, even when the business is otherwise regarded as a passive activity.

<h3>Which rules regarding passive activities for rental revenue are exceptions?</h3>

You have a stake in the yearly commerce or economic activities.
During the current tax year or at least 2 of the 5 tax years prior, the rental property was utilized primarily in that trade or company.

<h3>Only real estate is subject to passive loss restrictions, right?</h3>

Generally speaking, the following actions can result in passive losses (and income): leasing of equipment. Rental property (though there are some exceptions) a farm or a sole proprietorship in which the taxpayer has no substantial interest.

<h3>How can passive income be balanced?</h3>

Selling off your rental properties will help you make up for your passive losses. You don't actually have to sell the property that's causing the losses to balance them effectively. Any passive income will be offset by losses.

Learn more about special passive activity rule: brainly.com/question/28137310

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7 0

1 year ago

Assume the world market for oil is competitive and that the marginal cost of producing (extracting and bringing to market) ano

xz_007 [3.2K]

Answer:

The economic surplus will decrease by $2.20

Explanation:

$81.40 and $79.20 are <em>marginal </em>cost and benefit, which are the changes to total costs and total benefits due to producing and consuming one additional barrel of oil.

They can be used to calculate <em>change </em>to economic surplus, which is the change to the net economic value received by society, which is given by:

marginal benefit - marginal cost = $79.20 - $81.40 = - $2.20

7 0

3 years ago

For each separate case, record an adjusting entry (if necessary). Barga Company purchases $32,000 of equipment on January 1. The

scoundrel [369]

Answer:

<u>Equipment:</u>

Dr. Cr.

Depreciation Expense $5,520

Accumulated Depreciation $5,520

Land never depreciates, so there is no adjusting entry for the Land purchased on year end.

Explanation:

Year end is not given in the data so, it is assumed the December 31 is the end of the year

Equipment

Depreciation for the year = ( Purchase price - Residual value ) / useful life

Depreciation for the year = ( $32,000 - $4,400 ) / 5 years

Depreciation for the year = $5,520

8 0

3 years ago

An unregistered hedge fund creates a website and uses it to promote itself to investors. Potential investors are invited to ente

ANEK [815]

Answer:

Here the correct statement is B) .

Explanation:

SEC ( securities exchange commission ) allows these types of private placement to be made as per the Regulation D , through the website but it is important to note that these placements can be only made to accredited investors ( these are wealthy or high net worth individuals ) and these investors would have to fill and sign the questionnaire given to them before they can enter in to password protected area.

8 0

3 years ago