The graph shows a point of equilibrium.

Demand-pull inflation is caused by: An increase in aggregate supply. An increase in resource costs as an economy's production ca

frosja888 [35]

Answer:

Excessive aggregate demand in relation to an economy's production capacity.

Explanation:

The demand and the pull is the upward movement in the prices that follows a shortage in supply. As per the economists, they describe it as the too many dollars that are followed by too few goods.

Thus when the combined demand in the economy strongly is outweighed by the combined supply and thus the prices tend to go up. Hence the excessive increase of the demands pulls up the production capacity.

5 0

3 years ago

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can

likoan [24]

Answer:

D. Neither country could gain from trade with each other because neither one has a comparative advantage

Explanation:

Opportunity cost refers to the units sacrificed from production of one good to produce an extra unit of another good.

In the given case, the number of workers are same.

The opportunity cost for producing corn instead of oats by Cornland would be : 10/40 units of oats = 0.4 units of oats

Similarly, the opportunity cost for producing corn by Oatland = 5/ 20 = 0.4 units of oats

Similarly, the opportunity cost for producing oats by Cornland = 4 units of corn

Opportunity cost for producing oats by Oatland = 4 units of corn.

As can be seen, none of the two i.e Cornland or Oatland enjoys a comparative advantage over other since for both, the opportunity cost is the same.

Hence, neither country would gain out of trade.

6 0

3 years ago

The Maple Grove Hotel manager has collected data on the number of rooms occupied each evening for the past 700 nights. The fewes

olga nikolaevna [1]

Answer: 65

Explanation:

10 or <65

(430-11)/8 =52.375, 11-1 =10+52.375 =62.375-->65

3 0

3 years ago

Cushenberry Corporation had the following transactions.1. Sold land (cost $11,360) for $14,200.2. Issued common stock at par for

miss Akunina [59]

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $14,200

To Gain on land A/c $2,840

To Land $11,360

(Being the land is sold)

2. Cash A/c Dr $18,900

To Common stock A/c $18,900

(Being the common stock is issued for cash)

3. Depreciation Expense A/c Dr $15,730

To Accumulated Depreciation - Buildings A/c $15,730

(Being depreciation expense is recorded)

4. Salaries expense A/c Dr $8,080

To Cash A/c $8,080

(Being the salaries expense is paid for cash)

5. Equipment A/c Dr $8,420

To Common stock A/c $1,170

To Additional paid-in capital in excess of par value A/c $7,250

(Being the equipment is purchased)

6. Cash A/c Dr $1,236

Accumulated depreciation - Equipment A/c Dr $7,210

Loss on sale of equipment A/c Dr $1,854

To Equipment A/c $10,300

(Being the equipment is sold)

7 0

3 years ago

Laura is an investor and a limited partner in a limited partnership. Two years after she becomes a limited partner, Laura thinks

erik [133]

Answer

Option B. Laura is personally liable as the bank, in good faith, thought she is a general partner

Explanation:

Limited Partnership (LP)

This is Business entity that exists in line with state statutes that gives limited liability to some of its members who called limited partners.

RULPA

This is simply called Revised Uniform Limited Partnership Act. It is the model for Limited Partnership legislation in most states.

Limited Partner

This is a part or member of a limited partnership.it is that individual who is not involved in controlling the business and whose liability is limited to amount invested in the business.

General Partner

It is simply a member in a limited (or general) partnership who controls the business and has unlimited personal liability.

In the above scenario, Laura will be taken as a general partner and will be held personally accountable or liable for the loan, and also along with the general partners of the limited partnership.The rule of RULPA gives the right for a limited partner to be involved in the management of the partnership’s affairs and not losing the limited liability if the limited partner has been formally employed by the partnership to be an executive of the partnership.

8 0

3 years ago