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marysya [2.9K]
3 years ago
5

During an economic downturn, consumers spend considerably less on goods and services. this results in layoffs that are classifie

d as
Business
1 answer:
kati45 [8]3 years ago
7 0
<span>During an economic downturn, consumers spend considerably less on goods and services. this results in layoffs that are classified as CYCLICALLY UNEMPLOYED.</span>
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Should imports to the United States be curtailed by, say 20 percent to eliminate our trade deficit? What might happen if this we
hjlf

In a world that is synchronized on a global scale, trade between nations is constant. Imports cannot be reduced by 20% in order to close the trade deficit.

<h3>Why it is not possible to reduce imports?</h3>

There are certain nations that will be impacted if the United States decides to cut imports by 20%.

As a result, imports from the United States will likewise be restricted in other nations.

In other words, the United States may experience a fall in exports while attempting to reduce imports. The overall impact on trade imbalances could be minimal.

The trade conflict between the United States and China is a good illustration. China responded to the United States taxes on its imports by imposing its own levies. As a result, both countries suffered.

As a result, there is no quick fix for decreasing trade deficits. A more delicate balance between consumption and production must be achieved over time.

The manufacturing industries must have favorable policies and incentives to encourage consumer demand for locally made items.

Check out the link below to learn more about trade deficit;

brainly.com/question/28708620

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4 0
1 year ago
Read 2 more answers
Why are adjusting entries necessary?
qwelly [4]

Answer:

Option A) To record revenues and expenses

Explanation:

The accounting accrual is an accounting method, it means that the company must record the revenues and expenses in the moment that the transactions occur and not when the payment is done.

By this method is always necessary to make adjustment entries to the accounting system if not it's impossible reflect all the transactions occured at this moment.

3 0
2 years ago
Dan, a computer programmer, holds a garage sale to sell a lawnmower, some clothes, some CDs and some old clothes. Will, a lawyer
olga2289 [7]

Answer:

The correct answer is letter "D": Judy, an expert horse trainer, sells Bob a horse.

Explanation:

According to the Uniform Commercial Code (<em>UCC</em>) a <em>merchant </em>is a person who deals with a product or service of a business in which that person is regularly engaged. The <em>merchant </em>has knowledge and expertise related to the practices involved in the business transaction.

In that sense, only Judy, who is a horse trainer, would be labeled as a <em>merchant </em>by the UCC for selling a horse.

6 0
3 years ago
How can a business meet customer needs​
san4es73 [151]
Bring in new products or services, introduce deals and sales, help local charities
7 0
2 years ago
In (debt crowndfunding OR donation crowndfunding OR equity crowndfunding), people invest money in a company in exchange for the
Ne4ueva [31]
The answer will be: In debt crowdfunding, people invest money in a company in exchange for the company's shares. It works like this: <span>an investor receives shares for their investments, with the expectations that the organization they are investing in will pay dividends on profit share</span>
4 0
3 years ago
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