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scZoUnD [109]
3 years ago
14

_____ refers to agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers

to the free flow of goods, services, and factors of production between each other. .
Business
1 answer:
klasskru [66]3 years ago
5 0

Answer:

Economic integration

Explanation:

Economic integration can be defined as seen in the question can be defined as the agreement between countries to reduce or remove tariff to ensure that goods and services and other things between both countries.

This can simply mean that, when there are countries that import and export goods between each other, there is need for tariffs to be lowered or removed are to ensure that demand/supply of all these goods and services between the 2 countries. This would help to ensure the seamless availability of goods and services in the market.

Cheers.

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Give an example of a situation in which a surplus of a product led to decreased prices. similarity, give a example of a situatio
andrew11 [14]

Answer:

Give an example of a situation in which a surplus of a product led to decreased prices. similarity, give a example of a situation in which a shortage led to increased prices. what eventually happened in each case? why?

In the course of having surplus of a product which decreases the price, this happens as a result of high competition as there many people selling the same products which in turns leads to crash in price in order to make sales and little profit.

while product shortage or scarcity happens as a result of decrease in resources or decrease in supply, hence; results into scarcity of products which eventually aids increment of price

Explanation:

3 0
3 years ago
Uppose a price floor on sparkling wine is proposed by the Health Minister of the country ofVinyardia. What will be the likely ef
Gekata [30.6K]

Answer:

C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result

Explanation:

Price floor is the least amount a good or service can be sold. A price floor is usually set above equilibrium price.

When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.

As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.

I hope my answer helps you.

6 0
3 years ago
Ivanhoe purchased a patent from Vania Co. for $1,240,000 on January 1, 2018. The patent is being amortized over its remaining le
Julli [10]

Answer: $744,000

Explanation:

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

First, we have to calculate the amortization recorded up to 2019. This will be:

= (1,240,000 / 10) x 2

= 248,000

The we calculate the amortization to be recognized in 2020. This will be:

= (1,240,000 – 248,000) / 4

= 248,000

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

= 1240000 - 248000 - 248000

= $744,000

3 0
3 years ago
Wave check i just been balling out every season
Irina-Kira [14]

Answer:

ok cool

Explanation:

7 0
3 years ago
Cullumber Company had a beginning inventory on January 1 of 75 units of Product 4-18-15 at a cost of $18 per unit. During the ye
lora16 [44]

Answer:

Weighted average:

EI:            2,290

COGS:     9, 160

LIFO

EI:            2,400

COGS:     9,050

FIFO

EI:            3,000

COGS:     8,450

Explanation:

beginning 75 units at $ 18 = $  1,350

Mar. 15    200 units at $21 =  $ 4,200

Sept. 4    175 units at $24 =  $ 1,800

July 20   125 units at $22 =  $ 2,750

Dec. 2      50 units at $27 =  $ 1,350

total units:  625 units cost of goods available: 11,450

average cost: 11,450/625  =  $ 18.32 per unit

inventory units: 625 - 500 = 125 units

Weighted average:

EI:          125 x $18.32 = 2,290

COGS: 500 x $18.32 = 9, 160

500 units were sold

LIFO:

last units are sold while frist are inventory

ending inventory

beginning 75 units at $ 18 = $  1,350

Mar. 15      50 units at $21 =  $<u>  1,050  </u>

                                  Total      2,400

COGS: available - ending inventory

11,450 - 2,400 = 9,050

FIFO

first units are sold while last are inventory

Dec. 2      50 units at $27 =  $ 1,350

July 20     75 units at $22 =  $ <u>1,650   </u>

                                  Total      3,000

COGS: available - ending inventory

11,450 - 3,000 = 8,450

7 0
3 years ago
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