Answer:
Explanation:
check the file attached for full explanation
Answer:
The correct answer is B
Explanation:
Economic theory is the theory which states or trying to explain the phenomena of economics, how the economy behaves, interpret the reason and what is the best solution to the economic problem- how to influence the economic theory.
All the theories of the economic, used to explain the particular problems or the situation in the economy through its model.
So, the good economic theory would be the one which comprise of the simplification of reality.
Answer:
1. Accrued Revenue of $ 245
2. Accrued expenses of $ 300
3. Unearned Revenue of $ 600
4. Prepaid expenses of $ 200
5. Accrued expenses of $ 1,200
Explanation:
1. The interest on savings bond is a revenue which has been earned but not received and is thus an accrued revenue.
2. The property expenses are an accrued expenses since these have been incurred but not paid.
3. The unearned portion of the legal fees received is an unearned revenue, since services have not been provided.
4. The unexpired portion of insurance is a prepaid expense
5. Salaried due nut not paid is an accrued expenses since services ahve been received.
Answer:
b. prevent mergers that would decrease competition and raise the costs of production
Explanation:
Antitrust laws are set up to prevent unfair advantage by a firm or group of firms in the market. The main aim is to provide a level playing field for all forms in a particular industry.
This is done by increasing competition among the firms and reducing cost of production.
Cost reduction help new firms to enter the market easily.
So antitrust laws have economic benefits when they prevent mergers that would decrease competition and raise the costs of production.
