Answer:
a) encourage people to search longer for a job.
c) prolong the amount of time a person stays out of work.
d) increase the number of workers looking for work.
Explanation:
Answer:
Date Account and Explanation Debit Credit
Bonds payable $476,000
Loss on bond redemption $7,140
(461,720 - 454,580)
Cash $461,720
(476,000 * 0.97)
Discount on bonds payable $21,420
(476,000 - 454,580)
<em>(To record redemption of the bonds)</em>
Answer:
No, it is not a violation of the <em>law of demand</em>, hence why it is a "law."
Explanation:
During summer months, the demand for beach resorts increases. This is <u>different</u> from an increase in <em>quantity</em> demanded. The curve is shifting instead, towards the right, while the supply is stable. Since the demand curve shifts right, the price will increase to restore market equilibrium.
It is best to draw a graph for these questions, and know your demand determinants.
Answer:
Correct option:
an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good
Explanation:
If a country has
- an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good.
- an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good
- a comparative advantage in production of a good, it must also have an absolute advantage in producing that good.
- an absolute advantage in producing a good, it definitely will not have a comparative advantage in producing that good.
- None of these answers is correct.
the absolute advantage refer to the quantity of output of a certain good.
if country A does 100 and B 50
then, A has an absolute advantage as it can out produce B
the competitive advantage will when the opportunity cost of making a cartain product is lower than the other.
If A can do 500 of anther goods
while B can do 50
then the comparative advantage favors B
as it cost 50 /50 = 1 good to produce the produce
while for country A it cost: 500/50 = 10 goods to produce it.
GIven this analysis, the option B will be the correct
a country with an absolute advantage might or might nothave a comparative advantage as well.
Answer:
$123
Explanation:
Calculation to determine the service cost component of pension expense for the year ended December 31.
PENSION BENEFIT OBLIGATION
Beginning of the year Projected benefit obligation $360
Service cost ?
Interest cost $36
(10%*360)
Loss (gain) on PBO $0
Less: Retiree Benefits ($54)
End of the year Projected benefit obligation $465
Hence,
SERVICE COST= ($465-$360-$36+$54)
SERVICE COST= $123
Therefore the service cost component of pension expense for the year ended December 31 will be $123
