-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.
C.
First consider the effects on demand and supply. What will occr is that demand will decrease and the curve will shift to the left. As a result, if you draw the diagram out, equilibrium price and quantity will decrease.
Good managers demonstrate commitment to ethical business practices with great leadership, authority, and responsibility.
Answer:
c.$10,500
Explanation:
The computation of the deferred income tax asset is shown below:
= Warranty expense for book purposes × U.S tax rate
= $50,000 ×21%
= $10,500
For computing the deferred income tax asset reported, we simply multiply the warranty expense with the U.S tax rate.
Hence, we ignored the net income before tax as it is an irrelevant part which is given in the question
Answer:
(A). Milton Friedman
Explanation:
Milton Friedman, an American economist received the Nobel prize in 1976.
In his 1953 essay, "The Methodology of Positive Economics", Friedman argued that an <u>economic theory should be judged on how accurate its predictions are, and not on the soundness of its assumptions.</u>
