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Answer:
1. Charles's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. - <u><em>exports (X),</em></u>
Exports include the goods or services that originate in the US and are then sold to entities outside the USA. Charles works in the US and is providing services to an Australian firm so this qualifies as an export.
2. Dina buys a new BMW, which was assembled in Germany. - <u><em>Consumption and Imports</em></u>
Consumption refers to amounts spent by households or people in the Economy on goods and services. Imports refer to the use of goods and/ or services that did not originate in the US. Dina both spent on a good as well as the good being from outside the US making it both Consumption and Imports.
3. Gilberto buys a new set of tools to use in his plumbing business. - <u><em>Consumption.</em></u>
Consumption refers to amounts spent by households or people in the Economy on goods and services so Gilberto spending on a new set of tools qualifies as Consumption.
4. Dina gets a haircut. -<em><u> Consumption.</u></em>
Consumption refers to amounts spent by households or people in the Economy on goods and services so Dina getting a haircut which is a service falls under Consumption.
5. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Charles and Dina's house. - <u><em>Government Purchases</em></u>
Government Purchase which are otherwise known as Government Spending refer to money spent by the government in an Economy. The FAA is a Federal Government agency so expanding the runway is a Government Purchase.
Answer:
(B) Accept the low price happily
Explanation:
As the customer was willing to pay up to 60 dollars for the item, the offer of 50 dollars will be acceptable as it is creating a consumer surplus of 10 dollars.
The customer will look for his own benefit and to his judgement, the deal is good as it saves 10 dollars.
The amount earn by the seller is irrelevant.
Answer:
correct answer is accounting
Explanation:
As agency relationship terminated and licensee is no longer consider principal agent
and it does not owe any duty except accounting
because accounting can not be terminated from the taxation and government and investors view point
and another principal agent will be confidentiality
so here correct answer is accounting
Answer:
$550,000
Explanation:
Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.
Therefore the OPPORTUNITY COST will be $550,000