If food consumption should rise by 42 units we can conclude that country X’s willingness to trade declines.
<h3>The reason why the willingness to trade would decline</h3>
The willingness to trade for this country would be on a decline given the fact that X's countyry is on a balanced growth path and the prices of their goods are unchanged in the international market.
Due to the lack of change they would not want to engage in trade again with other countries.
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The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.
<h3>What is Accounts Receivable?</h3>
Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.
It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.
For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.
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Answer:
1. technological
2. Social
3. Competitive
4. Economic and legal
5. Global
Explanation:
environmental forces can be defined as those factors that have the ability to affect or influence how an organization or business operates.
based on the question, 5 environmental forces have been identified with each:
<u>1. Technological</u>
for Booksellers- Boarders, they eventually went bankrupt because of technological advancement that has made books readily available on the internet. so people easily go for these soft copies rather than the hardcopy that they used to.
<u>2. Social</u>
Snap for Seniors- Eve Stern is an entrepreneur who started a business. this is a social environment force that is involved in serving the needs of the elderly.
<u>3. Competitive</u>
blackberry- When the BlackBerry phone system quit working, it affected 70 million customers. Those customers turn to other cellphones which offered the reliable service business customers demand, at a lower price. customers are always likely to go to the side of the competition where prices seem to be fairer.
<u>4. Economic and legal</u>
Jeffries Roofing- Tom Jeffries owns Jefferies Roofing company. In his proposals, Tom describes materials to be used and a price. When the customer signs the bid, it becomes an enforceable contract.
<u>5. Global</u>
WalMart- In China, Walmart has nearly doubled in size and made "Made in China" stickers are visible all over Walmart stores in the United States.
Answer:
4 houses per month.
Explanation:
Note: See the attached file for the calculation.
Efficient scale of production is can be described as the number of units of production where average total cost (ATC) of production is lowest.
From the attached file, the ATC of $70 is the lowest at 4 houses per month and 4 houses per month is therefore the efficient scale.
MICROeconomics refers to the effects and purchasing decisions of individuals.
This differs from MACROeconomics which focuses on large scale views of things that affect the economy as a whole like inflation and interest rates.
