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viktelen [127]
3 years ago
5

You are an IMF official going to a country whose export earnings are not able to pay for imports. The government has requested a

loan from the IMF. Which areas would you recommend the government to cut: (1) education, (2) salaries for officials, (3) food subsidies, and/or (4) tax rebates for exporters?
Business
1 answer:
Anna35 [415]3 years ago
8 0

Answer:

(2) salaries for officials

Explanation:

Salaries for officials would be the most appropriate area to cut, because the other three items are either more important, or would cause unintented effects if cut.

Some government agencies could even be closed, or its personnel reduced, in case the economic crisis is serious.

As for the other three items, cutting education would not make sense because the IMF itself recommends large spending in education since an educated populace is highly correlated with economic development.

Cutting food subsidies would be problematic in a country that is going through an economic crisis, and could result in hunger among the poor.

Finally, cutting tax rebates for exporters would probably cause export earnings to dwindle even more because exporters would have less incentive to engage in that activity, and many of them would likely change their occupation.

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Economies of scale occur when a firm's long-run average total cost curve is ___________________. a. upward sloping.b. vertical.c
Alecsey [184]

Answer:

The correct answer is the option C: Downward sloping.

Explanation:

To begin with, the concept known as "Economies of Scale" is a vary famously term in the microeconomics theory due to the fact that it refers to the particular situation that a company achieves when their costs are at the lowest possible point in the long run becuase of the great volumen in production that the organization is starting to handle so that means that the more they start to produce the less the amount that the company will have to spend in the costs. Therefore that the curve in the graphic will be downward sloping due to the decrease of the prices in the costs implicating the amount that the company is handling.

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Which of the following is an accounting procedure that (1) estimates and reports bad debts expense from credit sales during the
Murljashka [212]

Allowance method of accounting for bad debts .

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Supporters of minimum wage believe that it provides MORE PERSONAL INCOME.

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