The economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.
<h3>What is internalization theory?</h3>
Internalization theory is an economic theory that tends to protect companies' sole rights to their products. The theory gives protection to local industries who aim at having larger market share.
This is because when other companies know the secret or having access to their product make up, such might reduce their market share of that product.
Hence, the economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.
Learn more about internalization theory here: brainly.com/question/10563712
<h2>
Answer:</h2><h3>Pure competition</h3>
provides the benchmark that can be use to evaluate markets while
<h3>Perfect competition</h3>
is a form of market in which there are a large number of buyers and sellers competing with each other in the purchase and sale of goods, respectively and no individual buyer or seller has any influence over the price.
<em>hope</em><em> </em><em>this</em><em> </em><em>help</em><em>!</em>
Answer:
None of the above is contrary to the predictions of the model.
Explanation:
The budget deficit is when the government spends more than the revenue it makes. Based on the information given, the trade deficit of the United States will grow.
Furthermore, the real exchange rate of the dollar will appreciate and the net capital outflow of the United States will fall as imports will be more than goods exported.
Therefore, the correct option is "None of the above is contrary to the predictions of the model".
Answer:
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Explanation
The answer is
D. Debit Cash $2,000; debit Equipment $4,000; credit Nathan’s Capital $6,000