The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics called <u>development</u> economics.
Economics is the observation of scarcity and its implications for the use of assets, manufacturing of products and services, growth of manufacturing and welfare over time, and an outstanding form of other complicated issues of crucial problems to society.
Economics is the social science that researches the manufacturing, distribution, and intake of products and services. Economics specializes in the behavior and interactions of financial agents and how economies work.
Economics, at its very heart, is the study of people. It seeks to give an explanation for what drives human behavior, decisions, and reactions when confronted with difficulties or successes. Economics is an area that combines politics, sociology, psychology, and records.
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To make sure you have a representative sample, you should conduct a random survey and then ensure that the sample size is large enough to accurately reflect the population. Random samples remove the possibility of bias from the researcher.
Answer:
A. March 1
Dr Cash $ $311,000
Cr Common Stock
$ 141000
Cr To Paid in Capital in Excess of Par $ 170,000
B.April , 01
Dr Cash $79,000
Cr Common Stock $79,000
C. April, 06
Dr Inventory $48,000
Dr Machienary $180,000
Cr To Note Payable $98,000
Cr Common Stock $58,000
Cr Paid in Capital in excess of par (Balancing Figure) $72,000
Explanation:
Preparation of the issuer's journal entry for each of the separate transactions.
A. March 1
Dr Cash $ $311,000
Cr Common Stock
(47,000 Shares " $ 3) $ 141000
Cr To Paid in Capital in Excess of Par $ 170,000
(311,000-141,000)
B.April , 01
Dr Cash $79,000
Cr Common Stock $79,000
C. April, 06
Dr Inventory $48,000
Dr Machienary $180,000
Cr To Note Payable $98,000
Cr Common Stock $58,000
(2,900 Shares * $ 20)
Cr Paid in Capital in excess of par (Balancing Figure) $72,000
($48,000+$180,000-$98,000-$58,000)
Answer:
Clem should specialise in wheat production because he has higher profits there
Explanation:
Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.
If he produces only wheat he will have profit of 75 bushels * $2 = $150
If he produces only barley his profit will be 125 bushels * $0.80 = $100
This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.
This is NOT ethical! An employer may monitor personal blogs/photos of his employees, but he CAN'T restrict them. Outside of work the employer has no control over what their employees post or do!
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