Answer:
The correct answer is C
Explanation:
Economies means the state of the region or the country in relation to the consumption and the production of the services and the goods and also the supply of the money.
If the economies of the India and the China, will be slow down, then the loanable funds as well as the interest rates will increase because the money for liquidity will be negligible which lead to competition among using the money for personal consumption or to delay the consumption through lending the money out.
Answer:
1. Greece, Germany
2. 2.2 barrels of oil, 0.45 pairs of shoes
3. d. 10 barrels of oil per pair of shoes
Explanation:
a) Data and Calculations:
To produce a pair of shoes costs Greece 5 barrels of oil
To produce a pair of shoes costs Germany 11 barrels of oil
b) This means that it costs Germany more than Greece to produce a pair of shoes, and Germany produces a lot of oil to the extent that she is willing to exchange her 11 barrels of oil for a pair of shoes while Greece can only exchange 5 barrels of oil for a pair of shoes.
When new firms have an incentive to enter a competitive market, their entry will BRING DOWN PROFITS OF EXISTING FIRMS IN THE MARKET.
This is because, those customers who are patronizing the existing firms before will start patronizing the new firms.
Answer:
B. November 30
Explanation:
The revenue recognition principle under GAAP states that revenue has to be recognized when services are performed or sales made irrespective of its invoicing or collection date.
Since the sale was made on November 30 the revenue is to be recognised on this date.
The other options A and C are the dates on which the statement was sent or the collection date which are not relevant for revenue recognition.
