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vagabundo [1.1K]
3 years ago
9

Identify whether the statements below are true or false by dragging and dropping the appropriate term into the bin provided.

Business
1 answer:
Tema [17]3 years ago
7 0

<u>Solution and Explanation:</u>

1. False-   Long run Economic growth is likely to be sustainable because of finite natural resources as othe man made resources will be available to sustain growth.  

2. False-    In mordern economy posesing few natural resources will not affect a country to develop economically; human resources and man made resources will also contribute. Foreign trade can also play an important role towards growth, in the absence of abundant natural resources.

3. True-   Natural resources are vital, and mostly exhaustible. Hence it is very essential to find suitable alternatives.

4. False- Economies of 21st century depend on human capital due to depletable atural resources.

5. True - In the 19th century, minerals and farming land were the most mportant resources, since self sustainability was in vogue.

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Suppose that Robin withdrawals $100 of cash from her checking account at Trendy Bank and uses it to buy a camera from Adam, who
kupik [55]

Answer:

The alternative including its query is presented throughout the explanation section below.

Explanation:

(a)

The strategic petroleum insufficiency should also be,

= 100-0.10\times 100

= 90

This means that the financial institution would have to start reducing its loan payments as well as currency exchange by $90.

(b)

Yes, you can significantly raise your loan deposit accounts secure manner. Early years setting throughout Serenity Bank would be increased, therefore the proportion of total reserves would indeed be $90.

The margin requirement of spending in the market hasn't started to change since the percent impact would be similar. Robin's account was whittled down by $100, as well as Adam's payment was continued to increase whilst also $100. So there's no modification throughout the monetary policy.

5 0
3 years ago
The Argentine government has recently been imposing heavy trade restrictions. Taxes on exports are a major source of revenue for
kati45 [8]

Answer:

The correct option is "B"

Explanation:

The burden substantial exchange limitation by The Argentine government cause to upset exchange and influences imports Due to prohibitive arrangement exchange it builds the expense of bringing in products and causing to diminish in supply in Argentinean advertise Before the exchange limitations, the market was working effectively, and was overwhelmed with imported merchandise because of the exchange limitations, import merchandise decays because of increment in cost.

3 0
3 years ago
Read 2 more answers
Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________
iren2701 [21]

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

6 0
3 years ago
Jeremy and Alyssa Johnson have been married for five years and do not have any children. Jeremy was married previously and has o
patriot [66]

Solution:

Gross income : 262000  

a) Ordinary and necessary business expenses

amount                                      explanation

108850                          Ordinary expenses associated with Jeremyâs                              

                                         business (42250+47700+18900)

b) Unreimbursed  employment expenses

amount                                      explanation

  -                        Un reimbursed employee business expenses

                                  are deductible from AGI not for AGI

c) Real property taxes and investment  expenses.

amount                                      explanation

   -                                 Taxes and investment expenses

                                      are deductible from AGI not for AGI

d) Rental expenses

amount                                      explanation

8590                       Rental expenses are deductible for

                        AGI even though they aretechnically investment or

                                  production of income expenses.

e) Self-employed  health insurance

amount                                      explanation

4590                       Jeremy may deduct all the costs of his

                                   health insurance because he is not eligible

                                          for health plan

f) Self- employment  taxes

amount                                      explanation

1295                         ½ of self-employment taxes allowed

                                                 as for AGI deduction

g) Alimony

amount                                      explanation

  5180                                Alimony is allowed for AGI deductions

h) Donations

amount                                      explanation

  -                                 Charitable contributions are from

                                              not for AGI deductions

Total for AGI  deductions Amount

                                                128505  

AGI                                          135495

8 0
3 years ago
Which of the following situations represents financially responsible choices? Select all that apply.
Gnom [1K]
<span> making on time payments on a debt
</span><span> purchasing a large kitchen appliance with cash 
</span><span> saving 25% of every paycheck</span>
5 0
3 years ago
Read 2 more answers
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