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melamori03 [73]
3 years ago
9

An economic downturn, usually characterized by a fall in the gdp and rising unemployment, is called

Business
1 answer:
Cloud [144]3 years ago
7 0
An economic downturn, usually characterized by a fall in the gross domestic product (GDP) and rising unemployment, is called recession. <span> If the economy declines significantly for at least six months then recession is declared. </span>This period is characterized with reduced trade and industrial activity. 
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[The following information applies to the questions displayed below.]
makvit [3.9K]

Answer:

A. Dr Raw meat Inventory 120,000

Cr Cash 120,000

B. Dr Indirect Materials $186,000

Cr Raw Materials $186,000

C. Dr Direct Materials $15,000

Cr Raw Materials $15,000

Explanation:

Preparation for the journal entries for the above transactions for the month of May.

Dr Raw meat Inventory 120,000

Cr Cash 120,000

(Being to record Raw materials purchases for cash)

B. Dr Indirect Materials $186,000

Cr Raw Materials $186,000

($201,000 - 15,000)

C. Dr Direct Materials $15,000

Cr Raw Materials $15,000

8 0
3 years ago
The day-to-day living conditions of modern Americans are very different from what they were in the 20th century. While doing res
IRINA_888 [86]

Answer:

B) There has been economic growth in our society.

Explanation:

The American economy has consistently been the largest economy in the world since 1871, while the rest of the economic podium has changed a lot. Currently the Chinese economy is number 2, but just a few years ago the Japanese economy was on second place. The United Kingdom is currently a large economy, but it was number 1 before the US, and then it continued to fall to the sixth place. Argentina was once of the largest economies and richest economies in the world, and now it is a developing nation.

The only constant position (at least until China surpasses the US) during the last 150 years has been the US at number 1.

That doesn't mean that the US economy grew every year and there were no recessions. The largest global recession originated in the US in 1929, the Great Depression. And just a few years back, in 2008 the Great Recession hit the US. The US has suffered from several minor recessions as well.

3 0
3 years ago
1- According to economist Milton Friedman which of the following is the main purpose of a business?
Stells [14]

Answer:

A mean purpose of business is to get profit

Explanation:

because in a business there is amount of money invested

8 0
2 years ago
Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this struc
zmey [24]

Answer:

申し訳ありませんが、私はできないので助けられません:-(

Explanation:

6 0
3 years ago
Markets may have difficulty providing the proper quantity of a public good because Group of answer choices individuals will tend
Mariulka [41]

Answer:

individuals will tend to become free riders, and private firms will have difficulty generating enough revenue to produce an efficient quantity of the good.

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

Because a public good is non-excludable, the problem of free rider increases so private firms would be unable to generate adequate revenue

3 0
3 years ago
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