All categories

4 years ago

How do exports and imports affect a nation's economy?

1 answer:

6 0

We import goods from other countries when they are harder to make in ours, we export goods to other countries when the goods are harder to make or obtain in theirs. if a nation exports more than it imports, a surplus is created. When a country imports goods more than it exports, it creates a trade deficit. A trade deficit in a nation causes it to have to borrow from other countries in order to pay for the imports. On the other hand, a surplus is much healthier for the economy light of the fact that it boosts economic output.

You might be interested in

Which of the following choices represents two consumers?

Reptile [31]

Answer:

Option B

Hope it helps..

8 0

3 years ago

Density Farms Inc. had sales of $750,000, cost of goods sold of $200,000, selling and administrative expense of $70,000, and ope

shusha [124]

Based on the costs described and the operating profit, the depreciation expense was <u>$330,000</u>

<h3>Depreciation expense</h3>

Is an expense owning to fixed assets losing value.
Is deducted from the Sales revenue.

You can find the depreciation expense as:

Operating income = Sales - Cost of goods sold - Admin expenses - Depreciation

150,000 = 750,000 - 200,000 - 70,000 - Depreciation

Depreciation = 750,000 - 200,000 - 70,000 - 150,000

= $330,000

In conclusion, depreciation was $330,000.

Find out more about depreciation at brainly.com/question/23057744.

5 0

2 years ago

Which of the following is false? A. Contract manufacturers are manufacturers that make products for other companies. B. Outsour

bekas [8.4K]

<u>Answer: </u>Outsourcing refers to having work performed overseas.

<u>Explanation:</u>

Outsourcing means the business hires third party firms for performance of service or product. Companies adopt this measure to reduce their business costs. With the help of outsourcing the overhead and labor costs can be cut down.

Contract manufacturers produce goods on behalf of the company for cost benefit purpose or availability of raw materials. One of the disadvantages of outsourcing is that the sensitive information about the company may be leaked. Through outsourcing some of the activities the company concentrate on core business activities.

6 0

3 years ago

If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits. b. leave p

Harlamova29_29 [7]

Answer:

D. increase marginal revenue

Explanation:

If marginal revenue is less than marginal cost then they are producing too much product and need to decrease production until marginal cost and marginal revenue are equal.

6 0

3 years ago

Which of the following is an assumption of a special order decision? Group of answer choices The special order sales will not af

Bezzdna [24]

Answer:

Capacity may be expanded or contracted as necessary without affecting fixed costs.

Explanation:

If a firm accepts a special-order, it will do so because the increased production costs will be lower than the extra revenue from the sale.

Production costs rise because special-order decisions usually involve large-volume sales at a lower price. This higher output requires the use of more inputs, and those inputs are variable costs.

For example, suppose a car factory sales on average 1,000 cars per month. The factory has the right amount of workers, and uses the right amount of energy, to produce 1,000 cars per month. The next month, a client order 5,000 cars in just one month, and the factory accepts the special-order. Variable costs energy and wages will rise.

6 0

3 years ago