Organization and creativity
Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
Answer:
$13
Explanation:
total consumer surplus = ($10 - $6) + ($7 - $6) = $4 + $1 = $5
total supplier surplus = ($6 - $2) x 2 units = $4 x 2 = $8
total surplus in the market = consumer surplus + supplier surplus = $5 + $8 = $13
Since the price is higher than Chuck's willingness to pay, no transaction will occur resulting in 0 surplus.
Answer:
Explanation:
For preparing the income statement, first, we have to compute the net income/net loss for the given period. The calculation is shown below:
= Consulting revenue - rent expense - salaries expense - telephone expense - miscellaneous expense
= $16,540 - $4,300 - $7,740 - $850 - $670
= $2,980
Since for computing the net income/ net loss we have to deduct the expenses from the income/ revenge earned to find out the net income (Revenue - expenses) and for net loss, the reverse method is used (Expenses - revenues)
The preparation of the income statement is done in the spreadsheet. Please find the attachment.
Answer:
C. Country A equals –$100 million.
Explanation:
Imports from Country B to Country A = $200 million
Imports from Country A to Country B = $100 million
Imports for one country represents exports to another.
Net exports is the difference between exports and import for a country.
Net exports for country A = $100 million - $200 million = - $100 million
Net exports for country B = $200 million - $100 million = $100 million
Right option is C. Country A equals –$100 million. Country's A export is less than it's import.
