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White raven [17]
4 years ago
13

Which statement about globalization is true? a. It has led to more quotas on trade around the world. b. It is a purely economic

term used to describe interrelated global markets. c. It has been fueled by trade, immigration, and foreign investment. d. It is the process by which more countries are becoming economically self-sufficient around the globe.
Business
1 answer:
Lera25 [3.4K]4 years ago
4 0

Answer:

c. It has been fueled by trade, immigration and foreign investment

Explanation:

Globalization refers to integration of domestic economy with respect to the world economy.

Import quotas refers to the duties and taxes imposed on the imported goods.

The concept of Globalization has witnessed drastic rise over the years owing to international trade, removal of pre-existing trade barriers, immigration of personnel and foreign investment which has seen a rapid rise in multi national corporation growth around the world.

Thus, Globalization has been driven by trade, immigration and foreign investment.

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Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 millio
kari74 [83]

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

6 0
3 years ago
Which outcome is expected regarding the hot cocoa industry when the cost of cocoa from south america increases in price, making
VLD [36.1K]

Outcome which is expected regarding the hot cocoa industry when the cost of cocoa from south america increases in price, making it more expensive to u.s. businesses is that consumers will decrease the purchase of  hot cocoa.

This happens due to the law of demand.

The law of demand describes that demand for any product changes inversely to its price if  all other things kept equal. In other words, the higher the price will be, the lower the level of demand will be there.

Because the buyers always have finite resources, their spending on a given product or any commodity is also limited , so higher prices will definitely reduce the quantity demanded.

To know more about law of demand here:

brainly.com/question/10782448

#SPJ4

5 0
2 years ago
If Pete raises his price of muffins from $2 to $3 and his sales revenue increases from $35,000 to $38,000, then:a. this is impos
ElenaW [278]

Answer:

The correct option is C

Explanation:

Provided rise in price increases the revenue from muffin.

That is by $35,000 to $38,000

Rates per muffin = $2 to $3 revised.

Demand at price of $2 = $35,000/$2 = 17,500 units

Demand at price of $3 = $38,000/$3 = 12,667 units approximately

Thus, with increase in price the demand gets to fall in number, though the revenue has increased.

Since the price is increasing by $1 per unit, thus the range is unit elastic.

The correct statement is C

3 0
3 years ago
A client lists their primary investment objective as liquidity. An RR believes that investments in municipal securities are best
ladessa [460]

Answer:

(C) The security has a maturity that takes place within the next year.

Explanation:

A liquid investment is an investment that can be easily and swiftly converted into cash. Cash is the most liquid asset, but it also yields virtually no returns. Generally, the more liquid an investment, the lower returns it tends to yield.

In this particular case, the investor is worried about the liquidity of the investment, so the RR must look for securities that mature in a short period of time. Only option C makes any reference to maturity time, and since these municipal bonds mature within the next year, they are short term investments.

7 0
3 years ago
If the dollar appreciates relative to the Euro then: Multiple Choice European cars will become less expensive in the United Stat
melomori [17]

Answer:

The correct answer is letter "A": European cars will become less expensive in the United States.

Explanation:

When a currency appreciates over another it means its value is greater than the other. For instance, if the dollar appreciates over the euro, all European items will be cheaper in countries where the dollar is the official currency. Besides, American items will be expensive in countries where the euro is the official currency for trade.

Therefore, <em>European cars in the U.S. will be less expensive.</em>

5 0
3 years ago
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