Answer:
1. The size of the economy as a whole grows as a result of free trade.
2. Consumers benefit from free trade.
3. Free trade can reduce cost of trading:
Explanation:
The three strongest arguments that you can offer to the Indian government about why the policy shift to freer trade is desirable for India are as follows:
1. The size of the economy as a whole grows as a result of free trade: It provides for more efficient production of goods and services. This is because it encourages goods and services to be created in areas with the finest natural resources, infrastructure, or skills and experience. It boosts productivity, which can lead to greater long-term wages. There is universal consensus that growing global trade has boosted economic growth in recent decades.
2. Consumers benefit from free trade: By removing barriers and promoting competition, it lowers prices. Quality and choice are likely to improve as a result of increased competition.
3. Free trade can reduce cost of trading: Non-tariff barriers can be reduced, resulting in less red tape and lower trading costs. Companies that deal in multiple nations might reduce their compliance expenses by working with a single set of laws. In principle, this will lower the cost of goods and services.
Hi There! :)
<span>Complainer in the business or workplace
</span><span>workplace</span>
Answer:
Explanation:
Recession- a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
depression- a overwhelming feeling of despair that often leads to sui.ci.al thought or su.ic.ide .
expansion- the action of becoming larger or more extensive.
Answer:
The answer is D. The asset of the business must have increased $45,000
Explanation:
Accounting equation:
Equity = Asset - Liability
OR
Asset = Equity + Liability.
In general, total assets must always be equal to the addition of equity and Liability.
The total liability increased by $75,000 and the equity decreased by $30,000.
Asset = Equity + liability
Asset = - $30,000 + $75,000
Asset = $45,000 (+$45,000)
Answer:
Total cost of front end loader in asset account $ 114,600
Explanation:
Computation of total costs of front end loader
List price of equipment $ 117,270
Discount on cash payment = 5.5 % ( $ 117,270 * 5.5 %) <u>$ ( 6,450)</u>
Net price of equipment $ 110,820
Freight in costs $ 2,790
Calibration costs <u>$ 990</u>
Total cost of front end loader in asset account $ 114,600
The other data items such as the loader salary and additional insurance
premium are annual costs and are thus not to be added to the cost of the equipment.