Answer:
A.TRUE
Explanation:
The statement is true because under international trade, firms are able to take advantage of the lower costs of materials, labor, and other factors of production, thanks to international trade.
For example, if country A is good at producing paper, and country B is good at logging, firms from country A will import the pulp from country B at lower prices, and thus, will spend less in making the paper.
Also, when firms expand capacity, they benefit from economies of scale: the general reduction in average production costs as output capacity expands.
Answer:
cost = 214528
Explanation:
the cost of the asset includes
. purchase price
. directly attributable cost and
. certain future costs
in the given scenario
purchase price = 196022
direct. attributable cost :
commission cost = 16158
net removal cost (4993-2645) = 2348
total cost of land = 214528
$12,500,000,000/$62,500 = 200,000,000
What Is the GDP Per Capita?
A country's economic output is broken down by its per-capita gross domestic product (GDP), which is derived by dividing the GDP by the population.
By dividing a country's GDP by its population, the per capita GDP may be used to measure a nation's economic production per person.
Economists use it along with GDP to examine a country's prosperity based on its economic growth. It is a global indicator of a country's level of prosperity. It is frequently evaluated alongside GDP, enabling economists to compare the productivity of different nations. The analysis of the global per capita GDP offers information on the health and trends of the world economy. The greatest per capita GDPs are typically found in small, wealthy countries and more advanced industrialized nations.
A comparative understanding of economic prosperity and global economic advancements can be gained by analyzing GDP per capita on a global scale. The per capita calculation takes into account both GDP and population. Therefore, the highest GDP per capita may or may not be found in the highest GDP countries.
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<span>A "cash budget" is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
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A cash budget refers to a financial plan of expected money receipts and distributions during the period. These money inflows and surges incorporate incomes gathered, costs paid, and credits receipts and installments. At the end of the day, a money spending plan is an expected projection of the organization's trade position out what's to come.
A situation in which monetary policy is expansionary prior to an election and contractionary after an election is known as the Political business cycle.
What is expansionary monetary policy and contractionary monetary policy?
Simply put, expansionary monetary policy enlarges (increases) the money supply, whereas contractionary monetary policy reduces (contracts) the amount of a nation's currency available.
What is Political business cycle?
A political business cycle is a change in economic activity brought on by outside political actors. The term "political business cycle" is mostly used to refer to the economic expansion that occurs right before an election to increase the likelihood that the current administration will be reelected. Empirical evidence of political business cycles is still ambiguous despite several attempts to prove it.
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