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vodomira [7]
3 years ago
6

Classify each statement as true or false by dragging it into the corresponding category.

Business
1 answer:
Nuetrik [128]3 years ago
4 0
<h2>The following is the classification of the given statements under the categories of true and false:</h2>
  • When two countries choose to participate in international trade, it is a mutually beneficial activity for both countries - is a TRUE statement as one country gets cheap goods and the other gets profit and valuable foreign currency.

  • Through specialization and trade, it is possible for a country to consume a combination of goods that is beyond its original production possibilities frontier - is a TRUE statement as import facilities make it possible to have goods from any part of the world.

  • Wealthier countries always benefit more from international trade than poorer countries do - is a FALSE statement as the benefit depends on the profitability of the trade.

  • Countries trade for goods in which they do not have a comparative advantage, and therefore, would never trade with nations that have similar resource endowments - is a FALSE statement as countries actually choose to trade in commodities that dispense comparative advantage so as to gain more profits.
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Scarcity is the most basic problem in economics true or false
Rasek [7]
True.

I hope this helps! :)
5 0
3 years ago
Read 2 more answers
Total assets were $78,000 and total liabilities were $42,000 at the beginning of the year. Net income for the year was $15,500,
Vaselesa [24]

Answer:

$46,500

Explanation:

Accounting equation is stated as :

Assets = Equity + Liabilities

therefore,

Equity = Assets - Liabilities

Equity at Beginning of the Period :

Equity = Assets - Liabilities

           = $78,000 - $42,000

           = $36,000

Equity at end of the Period

Closing Equity Balance = Opening Balance + Net Income - Dividends

                                       = $36,000 + $15,500 - $5,000

                                       = $46,500

6 0
3 years ago
True or false: The loss on the sale of a principal residence is classified as a deductible capital loss.
nadezda [96]
The answer is true not false
4 0
2 years ago
_____ is a comprehensive process to analyze data and produce outputs that can inform decision making.
Svetradugi [14.3K]

<u>Business Analysis</u> is a comprehensive process to analyze data and produce outputs that can inform decision-making.

<h3>What is Business Analysis?</h3>

Business analysis is the collection of duties, skills, and methods needed to pinpoint business requirements and come up with solutions to enterprise-level problems. Although the general definition is identical, many sectors may have different practices and methods. In the information technology sector, systems development is a common component of solutions, but they can also incorporate process optimization or organizational change.

Business analysis can also be carried out to comprehend how a firm is doing right now or to serve as a foundation for identifying business needs. Business analysis is typically carried out to define and validate solutions that satisfy business demands, objectives, or goals.

Thus, Business Analysis is a comprehensive process to analyze data.

For more information on Business Analysis, refer to the given link:

brainly.com/question/5333889

#SPJ4

6 0
1 year ago
Full-time employees must have money deducted from their paychecks for
DedPeter [7]

The correct answer is C. Federal income tax

Explanation:

The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.

5 0
3 years ago
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