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jonny [76]
3 years ago
11

Why is china australia's main trading partner

Business
1 answer:
Nataly [62]3 years ago
8 0
The reason for this is because they have developed a two way investment relationship. They also have conducted a free trade agreement. China is importing goods from Australia because they need Coal and Oil and Australia provides them with their needs and wants.
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Assume that the Accumulated Depreciation account has an unadjusted normal balance of $120,000. The company's list of adjusting e
tamaranim1 [39]

Answer:

$140,000

Explanation:

The computation of adjusted balance in the Accumulated Depreciation account is shown below:-

adjusted balance in the Accumulated Depreciation account = unadjusted normal balance + Credit Accumulated Depreciation account

= $120,000 + $20,000

= $140,000

Hence the adjusted balance in the Accumulated Depreciation account is $140,000.

5 0
3 years ago
Suppose GDP consists of wheat and rice. In 2005, 20 bushels of wheat are sold at $4 per bushel, and 10 bushels of rice are sold
Vesnalui [34]

Answer:

Nominal GDP is $100, real GDP is $50, and the GDP Deflator is 200

Explanation:

Given that:

Base year = 2004

2004:

20 Bushels of wheat = $2 per bushel

10 Bushels of rice = $1 per bushel

2005:

20 Bushels of wheat = $4 per bushel

10 Bushels of rice = $2 per bushel

Nominal GDP

GDP deflator = (Nominal GDP / Real GDP) * 100

2005 Nominal GDP:

Final value of goods at current year prices:

(20 * $4) + (10 * $2)

$80 + $20 = $100

2005 Real GDP:

Final value of goods at base year prices :

(20 * $2) + (10 * $1)

$40 + $10 = $50

Deflator :

(Nominal GDP / Real GDP) * 100

($100 / $50) * 100

2 * 100 = 200

= 200

4 0
4 years ago
When shopping for their brother, jack and james are presented with a red shirt by the sales person. while jack likes the shirt,
Gnesinka [82]

“Preference” is the answer.

 

<span>Jack and James disagreed about the shirt because of the differences in their preference. People have their own inclination towards objects and this could be a result of their personal taste or past experiences. In this case, it could be that Jack liked the shirt’s fabric or color but James didn’t, that’s why they disagreed.</span>

6 0
3 years ago
Read 2 more answers
A perfectly competitive firm maximizes its profit by________.
olganol [36]

Answer:

The correct answer is option A.

Explanation:

A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.

This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.

Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.

8 0
3 years ago
For economic purposes in the united states, the working-age population does not include:_______
Minchanka [31]

For monetary purposes inside the USA, the running-age population does no longer include the civilian, noninstitutional population aged sixteen and over.

Working age' is normally described as 15 to 64 years. This definition is for example used for the 'vintage-age dependency ratio', with people aged 65 and over being labelled 'established'.

The labour pressure participation fees are calculated because the labour force is divided by the full working-age populace. The working age populace refers to people aged 15 to sixty-four. This indicator is damaged down by using age organization and its miles measured as a per cent of every age institution.

A number of the opposite discounts are in all likelihood because of out-migration during the pandemic. however, in regards to the shrinkage within the pool from which we could pull a staff, the primary purpose is demographics. greater human beings are passing into retirement age than are getting into running age.

The working-age populace is the entire populace in an area this is considered capable and possibly to paintings based on the number of people in a predetermined age variety. The working-age population degree is used to provide an estimate of the overall number of capable employees within an economic system.

Learn more about the working-age population here: brainly.com/question/14821832

#SPJ4

6 0
2 years ago
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