Answer:
Explanation:
The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents
Answer:
The correct answer is option B.
Explanation:
In a perfectly competitive market, there is a large number of sellers selling homogenous products. Because of a large number of firms selling identical products, no single firm can affect the price and output level in the market.
All the firms are price takers and face a horizontal line demand curve. There is no restriction on the entry and exit of firms in the market. That is why firms earn zero economic profits in the long run.
Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
Financial markets can be defined as any marketplace where the trading of securities occurs.
Types of financial markets includes:
1. Money market
2. Foreign exchange market (forex)
3. Bond market
4. Over the counter market
5. Stock market
Economic development refers to the process by which a state improves the economic, political, and social well-being of its citizens. It involves structural transformation, technological innovation and industrial upgrading which will increase labor productivity and improvements in infrastructure.
Stages of economics development includes:
1. Traditional stage
2. Pre-condition for take off stage
3. Take off stage
4. Drive to maturity stage
5. Age of high mass consumption stage
Answer:
Highly
Explanation:
In a global context, economic development is highly correlated with the level and efficiency of financial markets and institutions.
Answer: (C) Glass ceiling
Explanation:
The glass ceiling is one of the concept in the united state which demonstrate about the efforts of the minorities level group and the women for reaching at the top rank in the management sector.
It is basically regardless about the achievement and also the qualification of the women ad the minorities in the united states. The glass ceiling is also refers to the persuasive resistance.
Therefore, Option (C) is correct.
Answer:
Raw Material Inventory A/c Dr. $198,000
To Accounts Payable A/c $198,000
That is the last option of all the given options.
Explanation:
When inventory is purchased then, effect of such purchase will be:
Increase in inventory with the amount of inventory purchased for this, Raw Material Inventory will be debited,
When inventory is purchased on cash then cash is decreased and thus cash is credited, or
It is purchased on credit, then accounts payable liability is created as there will be a liability to pay to such amount to creditors back with the amount of inventory.
Thus correct entry will be:
Raw Material Inventory A/c Dr. $198,000
To Accounts Payable A/c $198,000