Answer: c) developing new technologies.
Explanation:
The Long Run Aggregate Supply (LRAS) curve can only change if the productivity in the Economy changes. One of the ways this can happen is through the use of newer better technology.
The better technology will make production more efficient by producing more goods at a lesser cost which lead to an increase in the GDP potential of the country which is a shift in the LRAS.
Answer:
$3,940
Explanation:
The journal entry to record the adjustment to the allowance account includes-
Debit Bade debt expense $3,940 (Note - 1)
Credit Allowance for doubtful accounts $3,940
<em>Note - 1</em>
Calculation = $96,000 × 5% = $4,800
However, as the allowance for doubtful accounts has a credit balance of $860 credit, the new bad debt expense will be = ($4,800 - $860) = $3,940 debit.
Answer:
d. $80 per machine hours
Explanation:
The computation of the overhead rate is shown below:
Overhead rate = Estimated total overhead cost ÷ total machine hours
= $16,000,000 ÷ 200,000 hours
= $80 per machine hours
The overhead rate is come by dividing the estimated total overhead rate by the total machine hours
All the other information that is mentioned is not considered. Hence, ignored it
Answer:
A. Competitive and open markets.
C. A dependable legal system.
D. Political stability.
Explanation:
A Competitive and open Market ensures that people have enough incentives to invest in the development of factors of production because it rewards that investment with a healthy return. In a Competitive market, unfair competition will not be present therefore people will get equal opportunities to make returns.
A dependable Legal System and Political Stability go hand in hand to ensure that investors will have enough faith in the system to want to invest in Factors of Production. If a country is stable politically and abides by the rule of law, an investor will be assured that when they invest, these investments will be protected by the powers that be and their returns will not be impacted by political upheavals and breaches of contract that cannot be rectified.
World City: dominant city in terms of its role in the global political economy. Not the world's biggest city in terms of population or industrial output, but rather centers of strategic control of the world economy.
Explanation:
The financial centre, the stock market and large financial institutions can occur. Trade and economic dominance of a large area. Port city and container processing centres. There is tremendous everyday and strategic decision-making capacity.
The World Economic and business Master will give students in Liberal Arts an interdisciplinary guide to the effects of economic globalization as well as the changes it introduces to the global where the US performs its economic and political ties with another country.
