Answer:
C. cause changes in the quantities demanded and supplied that tend to eliminate the excess production or excess demand.
Explanation:
In a competitive economy, the balance between supply and goods and services occurs when demand and supply match. However, situations of oversupply or scarcity tend to alter the parameters of the demand and supply curves. If shortages occur, the price tends to rise, which generates an incentive for production. If oversupply occurs, the price tends to decrease, which is an incentive to increase demand. Thus, suplus or shortages will alter the quantity demanded / offered to cause a rearrangement of these parameters until the economy finds a new equilibrium point.
The benefits and advantages of members when joining organizations like UNWTO, PATA, or ASIANTA include:
- Economic growth: It should be noted that UNWTO is vital for the growth and the development of a country as it helps in the development of its tourism sector.
- Environmental sustainability: The organizations are vital in helping their members engage in practices that'll help in the protection of their environment.
- Tourism: The agencies are responsible for promoting acceptable and accessible tourism.
In conclusion, United Nations World Tourism Organization (UNWTO) is important in promoting tourism in a country.
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Answer:
C
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero. Also, firms produce at the minimum of the average total cost curve. price equal marginal cost and marginal revenue
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
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Answer:
d. managerial accounting.
Explanation:
Managerial accounting -
It refers to the accounting practice , where identifying , interpreting , analysing and measuring the financial information to managers for the goals and target of the organisation , is referred to as managerial accounting.
It is different from the financial accounting .
Hence , from the given information of the question,
The correct term is d. managerial accounting .
The flexible strategy is used to avoid the delay in assessing the external constraints.
The following information regarding accessing external constraints:
- It could be thrust upon an organization.
- It permits for uncovering the things that are beyond the control.
- The example involved national holidays or sick leaves.
If we accessing the external constraints so the delay could be avoided.
So, The other options seem incorrect
Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.
Learn more about the external constraints here: brainly.com/question/17156848