Answer:
B. International trade enables specialization, which brings increased efficiency and greater competition.
Explanation:
If this is true or false, then its true.
Answer: GNP; GDP
Explanation:
<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>
Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.
This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.
Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.
Answer:
$5,472
Explanation:
Calculation for Alison record of purchase :
First step
Invoice price ×Percentage of payment term
Where:
Invoice price =$5,700
Percentage of payment term =96%
(100%-4%)
Second step
$5,700×96%
=$5,472
Therefore Alison should record the purchase at: $5,472