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o-na [289]
3 years ago
7

About 85% of this country is counted in the labor force is involved in agriculture. This country mostly produces cocoa, coffee,

tea, oil, copper and wood for countries like Australia, China and Japan. Recently an American firm has begun investing in the country in the hopes of utilizing its oil reserves, but the process is slow. A very small percent of this country's population lives in urban areas and much of the population still lives in small villages. For their manufactured goods they are almost completely dependent on Australia. What country is this?
Business
1 answer:
Sever21 [200]3 years ago
5 0

Answer:

Traditional Stage

Explanation:

In the traditional stage, most of the occupation of the population is always agriculture, the people are over reliant on the finished goods of other countries because of their lower wealth and most of the population is living in the rural areas, which is the case here. As it seems that the country is struggling to achieve a take-off stage because it is trying to attract foreign investment (An American company has invested in Oil reserves extraction), so we can say that it is still in the traditional stage because it hasn't increased its home demand for technology, infrastructure development, production increases, greater trade with other countries, etc which are the characteristics of the take-off stage.

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A math formula in economics
krok68 [10]
It's C because 1-.15 is .85 then 1/.85 rounds to 1.18
5 0
3 years ago
Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The nego
Assoli18 [71]

Answer:

Land $434,696

Land improvements $108,609

Building $1,720,600

   To Cash $2,263,905

(Being the amount paid in cash is recorded)

Explanation:

The journal entry is shown below:

Land $434,696

Land improvements $108,609

Building $1,720,600

   To Cash $2,263,905

(Being the amount paid in cash is recorded)

The land, land improvements and the building increases the assets so it is debited while the cash is credited as the cash is paid

The computation of the land is shown below:

= Purchase price of the land + purchase price for the old building + paid amount for tear down the old building + cost to fill and level the lot

= $224,000 + $119,000 + $37,000 + $54,696

= $434,696

7 0
3 years ago
On January 1, 2021, Rapid Airlines issued $200 million of its 8% bonds for $184 million. The bonds were priced to yield 10%. Int
miv72 [106K]

Answer:

1.Dr Interest expense $8million

Cr Cash $8 million

2.Dr Interest expense $8 million

Cr Cash 8 million

3. Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

Explanation:

Preparation of Journal entries

1) June 30, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8million

Cr Cash $8 million

[($200 million * 8%) *6/12]

The reason why it was multipled with 6/12 was because the payments are half yearly.

2) Dec 31, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8 million

Cr Cash 8 million

[($200 million * 8%) *6/12]

3) Dec 31, 2021 Preparation of Fair value adjustment

Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

($200 million - $188 million)

3 0
3 years ago
Benjamin, a military officer, strongly believes that a soldier has to do whatever it takes to protect his or her country. In the
Nastasia [14]

Answer: Post conventional level

Explanation:

 The Benjamin are at the post conventional level of the moral development  as, the post conventional profound quality is the most worthy phase of profound quality in Kohl berg's model, where people have built up their very own arrangement of morals and ethics that they use to drive their conduct.

Post conventional level is the third and last degree of Kohl berg's ethical improvement scientific categorization where people enter the most abnormal amount of spirit advancement.

Therefore, post conventional level is the correct option.

3 0
3 years ago
In which of these instances is demand said to be perfectly inelastic?
Murljashka [212]

Answer:

b. A decrease in price of 2% causes an increase in quantity demanded of 0%.

Explanation:

By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.

Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).

So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.

5 0
3 years ago
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