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kolezko [41]
3 years ago
9

World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per yea

r between 1950 and 2003, world exports grew at 10.8% per year over the same time period. Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply. International trade agreements such as the General Agreement on Tariffs and Trade (GATT) Improvements in telecommunications Changes in exchange rates Better high-speed rail lines
Business
1 answer:
d1i1m1o1n [39]3 years ago
8 0

Answer:

International trade agreements such as the General Agreement on Tariffs and Trade (GATT)

Improvements in telecommunications

Explanation:

International trade agreements helped to increase world trade since it lowered trade barriers and facilitated trade by imposing common rules.

Improvements in telecommunications and specially the internet in the last years, facilitate trade, help to build trust among traders, and help to make trade easier.

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GDP data (billions of dollars)
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5 0
3 years ago
When an offeree changes the terms of an offer, it is called a counteroffer. What happens
Amanda [17]
<h2>Original offer becomes void (nothing).</h2>

Explanation:

Counteroffer: The original offer would have been either rejected or modified with new one.

This gives the original offeror three options:

  • accept the counteroffer,
  • reject it, or
  • make another offer.

Example:

When a buyer makes an offer on say "home", there is a possibility of seller can making a counteroffer. In other terms, a counteroffer is one of the negotiating tactic in response to the initial offer. You can call it as business tricks. When a counteroffer is announced, "the original offer goes nothing(void)".

7 0
4 years ago
Discuss social responsibility and ethics?<br><br>​
LuckyWell [14K]

Answer:

Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.

Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.

8 0
3 years ago
Weighted Average Cost Flow Method Under Perpetual Inventory System
Fudgin [204]

Answer and Explanation:

The computation of the cost od merchandised sold for each sale and the inventory balance after each sale is presented in the attachment below;

The perpetual inventory is the system which updated the inventory as on a regular basis

While on the other hand,  the weighted average cost method is the method in which the average cost is calculated after each every purchase is made

In the calculation below:

1. The weighted average cost of $30.90 come from

= (Total inventory cost) ÷ (Total quantity)

= ($180,000 + $1,674,000) ÷ (60,000 units)

= $30.90

1. The weighted average cost of $31.60 come from

= (Total inventory cost) ÷ (Total quantity)

= ($463,500 + $674,100) ÷ (36,000 units)

= $31.60

6 0
4 years ago
How can business activity affect the government?
algol13
Businesses often engage in a variety of tactics to influence government policy. This includes lobbying, political contributions, and interest group politics.
8 0
3 years ago
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