Which financial statement is considered a link between the income statement and balance sheet?

International trade promotes economic growth when it allows any two countries to grow (in their combined production) beyond (abo

kvasek [131]

Answer: True

Explanation:

The Production Possibilities Curve (PPC) is meant to illustrate how a country produces goods and services given the limited resources it has. The curve represents the various amounts that have to be traded off of 2 goods to produce more or less of one good.

The Curve shows that it is best that a country produces those goods that is good at producing so that it can produce more of it and then trade with the rest of the world for the goods it isn't too efficient at producing. If both countries involved in the trade are able to grow beyond (above) their pre-trade production possibilities curve then the trade would have promoted economic growth.

5 0

3 years ago

"Tom, at Bode Corporation we align our individual goals with the company's goals.

stellarik [79]

Answer:

quantitative management , management by objective , time-and-motion studies

Explanation:

All to manage stress by yourself................................................................................................................................................................................................

4 0

3 years ago

Read 2 more answers

in the theory of percect competition the assumption of easy entry into and exit from the market implies

jeka94

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies <u>zero economic profits in the long run.</u>

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<h3>What Is Perfect Competition?</h3>

The term perfect competition refers to a theoretical market structure. In a perfect competition model, there are no monopolies.

This kind of structure has a number of key characteristics, including:

All firms sell an identical product (the product is a commodity or homogeneous).
All firms are price takers (they cannot influence the market price of their products).
Market share has no influence on prices.
Buyers have complete or perfect information (in the past, present, and future) about the product being sold and the prices charged by each firm.
Capital resources and labor are perfectly mobile.
Firms can enter or exit the market without cost.

There are five assumptions in the perfectly competitive model of markets:

Goods are identical, rival, and excludable.
Buyers and sellers have sufficiently information to make informed decisions.
There are no external effects; and two others. List the two other assumptions and discuss their significance in a sentence or two.
Everyone is a price taker.
There is free entry and exit.

The price taking assumption implies the demand perceived by a seller is perfectly elastic. That is, they can sell as much or as little as they want without affecting the market price. Also, when the firm is a price taker, the profit maximizing rule: MR = MC, can be written P = MC since price equal marginal revenue in perfect competition. The market output where price equals marginal cost is the level the level of output where the sum of consumer and producer surplus is maximized.

The free entry and exit assumption insures economic profits are zero in the long-run and more importantly, resources are perfectly mobile in response to a change in demand or supply conditions.

If demand for a good increases, for example, firms will experience short-run profits, which will induce an expansion of the industry. The increased supply lowers price until profits are zero for the typical supplier.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

In the theory of perfect competition, the assumption of easy entry into and exit from the market implies

a. positive economic profits in the long run.

b. losses in the long-run equilibrium.

c. zero economic profits in the long run.

d. zero economic profits in both the short run and the long run.

e. positive economic profits in both the short run and the long run.

Learn more about Perfect Competition on:

brainly.com/question/1488584

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3 0

2 years ago

Two weeks ago Acme Electronics announced that it had developed a new chip design which was being considered by major companies f

astraxan [27]

Answer: delayed reaction.

Explanation:

The scenario depicted in the question is an example of a delayed reaction. Before the announcement was made that a new chip design had been developed, Acme common stock closed at $20 but since the announcement was made, there has been an increase in the closing price of the stock .

This shows that the information flow had an effect on the price of the stock and this led to the delay in market reaction. Therefore, this is referred to as a delayed reaction.

7 0

3 years ago

The windsong automobile manufacturing company produces luxury automobiles made to order. the ownership of the firm recognizes th

notsponge [240]

The core job dimension which describes this work team is TASK IDENTITY.
Task identity refers to the overall extent to which an identifiable job is done from the starting point to the finish point by a single worker. Task identity is an important component of job satisfaction and employers use this technique to increase the satisfaction that the employees derived from their works.

6 0

3 years ago