Answer:
a) The WTO allows countries to have observer status before becoming full members, so they can follow discussions on topics that are of direct interest to them.
⇒ TRUE, that way potentially new members get to understand how the WTO works.
c) The WTO came into existence in January 1995.
⇒ TRUE, the WTO birthday is January 1, 1995.
d) Opponents of the WTO sometimes contend that the organization focuses too narrowly to the globalization of trade, at the expense of human rights and the environment.
⇒ TRUE, the WTO's focus is on trade, and it tends to ignore many social and environmental factors.
Answer:
lower , demand
Explanation:
Price Elasticity of Demand [P.Ed] is the responsive change in demand due to change in price.
P.Ed is affected by many factors : Substitute availability, Consumer Income, Nature of product, Product use(s), role of habits, price adjustment time/ urgency of demand.
The P.Ed factor mentioned in the question is price adjustment time/ urgency of demand'
- If there is <u>short </u>time period for consumers to adjust to a price : the demand will respond less to price change. So, P.Ed is <u>lower</u>. Demand is <u>less elastic</u> in this case.
- If there is more time period for consumers to adjust to a price : the demand will respond more to price change. So, P.Ed is higher. Demand is more elastic in this case.
Demand is more elastic in long time period than in short time period
Answer: a) Financing Activity b) Investing Activity c) Investing Activity d) Financing Activity.
Explanation:
In the Cash Flow Statement there are 3 types of Activities, namely:
1) Operating Activity: This is for revenue and expenses that are accounted for calculation of Net Income.
2) Investing Activity: This includes the purchase and sale of assets: property, plant and equipment.
3) Financing Activity: This includes cash inflows from issuance of bonds, stocks and it also includes cash outflow from paying dividends to stockholders.
The opportunity cost illustrates the relationship that exists between them because as the interest rate rises, the more attractive it is to leave money in the bank instead of spending on investments.
The investment line is downward sloping because of the relationship between real interest rates and investment spending.
Opportunity cost simply means what one foregoes in order to get something else. It should be noted that when there's an increase in the interest rate, this will lead, the cost of borrowing will be high. Therefore, there'll be a reduction in investment.
Therefore, there's a negative relationship between interest rate and investment spending. This then leads to a downward-sloping curve.
Learn more about the interest rate on:
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Answer:
Money owing to bank, Motor Van, Stock of goods
Explanation: