Answer:
Imports.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world.
In this scenario, the Blue Bird Bus Company in Georgia sells buses to the South African government. To South Africa, these buses are an example of imports.
An import can be defined as a type of trade which typically involves the purchase of goods and services from a foreign country for domestic use.
Assuming a company paid $2,000 cash to an employee for this month's salary. the entry to record this transaction would include a<u> </u><u>credit</u> to cash.
<h3>Journal entry</h3>
The appropriate journal entry to record the transaction assuming paid the amount of $2,000 cash to an employee for this month's salary is:
Journal entry
Debit Salary account $2,000
Credit Cash account $2,000
Therefore assuming a company paid $2,000 cash to an employee for this month's salary. the entry to record this transaction would include a<u> </u><u>credit</u> to cash.
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Answer:
demand; inelastic
Explanation:
Price discrimination is when a seller charges different prices for the same product in different markets. Price discrimination is usually practised by monopolists. The aim of price discrimination is to eliminate consumer surplus.
A seller would usually charge a higher price to a consumer whose demand is price inelastic. This means that the quantity demanded is less sensitive to changes in price.
If the seller charges a higher price to a consumer whose demand is price elastic, the consumer would reduce the quantity demanded as a result of the rise in price and the total revenue of the seller would fall.
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