Which of the following scenarios would cause inflation to occur?

Which of the following typically happens as prices for a good or service rises?a. suppliers leave the marketb. consumers seek mo

Luba_88 [7]

Answer:

The correct answer is option D.

Explanation:

As the price of product increases the consumers will demand less because they now have to pay more than earlier.

The supply however is directly related to price level and will increase with the increase in price. The producers will produce more in order to enjoy higher revenue and profit.

This would encourage the other potential firms to enter the market, to earn higher profits.So more suppliers will enter the market.

However, this would lead to increase in supply of output. The excess supply will cause the price to fall eliminating higher profits.

5 0

3 years ago

Explain how international trade allows a country to move beyond its production possibilities frontier.

Digiron [165]

Answer:

Increased international trade, especially exports, increases production efficiency which allows a country to move beyond its production possibilities frontier.

Explanation:

In business terms, a production possibilities frontier is a curve that shows how much two products in an economy are able to produce when the two products are competing over the same limited resources. The curve can also be used to determine the quantity of a product that can be produced in an economy when the economy is working at its maximum efficiency. There are many factors that affect the production possibilities frontier, namely;

International trade:

Trade is the exchange of goods and services for commercial interests. International trade involves trade between countries. Most countries trade in the form of exports and imports. Exports are goods and services taken to foreign countries while imports are goods and services received from other countries. When there are greater exports than imports, it means that more of your goods and services are on demand by other countries thus makes your currency stronger. An increased demand for domestic goods and services increases production efficiency which allows a country to move beyond its production possibilities frontier.

6 0

2 years ago

The chart below shows an exchange rate table.

Goryan [66]

Answer:

the answer is (d) euro. might be wrong tho i dont know

sry...

6 0

2 years ago

Read 2 more answers

On October 1, 2017, Vaughn, Inc., leased a machine from Fell Leasing Company for five years. The lease requires five annual paym

Alisiya [41]

Answer:

Explanation:

1.Amount to be paid Annually to fell leasing Company = $10,000.

Incremental rate of borrowing = 11%

Lease Period = 5 yrs.

2. Value of lease equipment as on 1st October 2017 i.e., date of lease.

= 10,000 * (PVOA) = (11* for 5 years)

=10,000 * 3.6959 (using -PVAF table)

= $ 36,959

Factors are used according to the table of PVAF

3.Lease liability as on 31-12-2017

= 10,000 * PVAD (11 * 4 years) [since 4 years in these)

= 10,000 * 3.44371

= $ 34,437.10

Lease liability as on 31st Dec 2018

= 10,000 * PVAD (11% 3 years) (still 3 yrs left as on 31-12 -2018)

= 10,000 * 2.71252 = $ 27,125.20

7 0

3 years ago

Which are the first steps you should consider when constructing an online business strategy.

Nat2105 [25]

The first steps you should consider when constructing an online business strategy are: create goals and identify a USP.

<h3>What is a business strategy?</h3>

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

<h3>The types of business strategy.</h3>

Generally, there are four (4) main types of business strategy and these include the following:

Organizational (Corporate) strategy.
Business (Competitive) strategy.
Functional strategy.
Operating strategy.

In Business management, the first steps you should consider when constructing an online business strategy are:

Create goals

Identify a unique selling proposition (USP).

Read more on business strategy here: brainly.com/question/17130109

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Complete Question:

Which are the first steps you should consider when constructing an online business strategy?

Create goals and identify a USP

Understand the target audience

Change your mission statement to match the goals

Define and segment your audiences

5 0

1 year ago