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3 years ago

All of the following would be listed as surplus items on the U.S. balance of payments international accounts except

Business

1 answer:

allochka39001 [22]3 years ago

7 0

Answer:

The correct answer is B: U.S. tourists' expenditures in foreign countries.

Explanation:

To be listed as a surplus in the U.S. balance of payments, it needs to be an entry of money to the economy. The option B is the only one that does not meet the requirements. U.S. tourists' expenditures in foreign countries mean an exist of money to other countries.

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SCREEN SHOT / MAX POINTS / WILL MARK BRAINLIEST Match the term to the definition. mixed economy The method a country uses to ans

Stolb23 [73]

Answer:

Mixed economy - combined elements of the command and market economies

Market economy- The resources are owned and controlled by the people of the country

Economic system - The method a country uses to answer the three economic questions market economy

Traditional economy- Goods and services are produced the way it has always been done

Capitalism- The private ownership of economic resources by individuals, rather than by the government

Command economy- The resources are owned and controlled by the government command economy

3 0

3 years ago

Suppose the production function in medieval Europe is Y 5 K 0.5L0.5, where K is the amount of land and L is the amount of labor.

Sonbull [250]

Answer:

a) Y = 500

b) Wages: 2.5

Rental price: 2.5

c) labor Share of output: 0.370511713 = 37.05%

Explanation:

$Y = 4K^{0.5} \times L^{0.5}$

if K = 100 and L = 100

$Y = 5(100)^{0.5} \times (100)^{0.5}$

$Y = 50 \times 10$

Y = 500

wages: marginal product of labor = value of an extra unit of labor

dY/dL (slope of the income function considering K constant while L variable)

$ax^b = bax^{b-1}$

$Y = 5K^{0.5} \times L^{0.5}$

$Y' = 5K^{0.5} \times 0.5 L^{-0.5}$

$Y' = 2.5K^{0.5} \times L^{-0.5}$

$Y' = 2.5(\frac{K}{L})^{0.5}$

With K = 100 and L = 100

$Y' = 2.5(\frac{(100)}{(100)})^{0.5}$

Y' = 2.5

rental: marginal product of land = value of an extra unit of land

dY/dK (slope of the income function considering K variable while L constant)

$Y = 5K^{0.5} \times L^{0.5}$

$Y' = 2.5K^{-0.5} \times L^{0.5}$

$Y' = 2.5(\frac{L}{K})^{0.5}$

L = 100 K = 100

$Y' = 2.5(\frac{100}{100})^{0.5}$

Y' = 2.5

c) we use logarithmic properties:

$Y = 50 \times 10$

$log500 = log(50 \times 10)$

$log500 = log50 + log10$

50 was the land while 10 the labor

2.698970004 = 1.698970004 + 1

share of output to labor: 1/2.698970004 = 0.370511713

5 0

3 years ago

Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Couga

True [87]

Answer and Explanation:

The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-

Cougar Corp.

Bank reconciliation

For the year ended December 31

Particulars Amount

Bank balance Dec 31 $24,575

Add: Deposit in transit $2,500

Less:

Outstanding checks #302 ($180)

Outstanding checks #303 ($95)

Outstanding checks #304 ($25) ($300)

Bank balance adjusted $26,775

Cash balance on 31 Dec $26,504

Add: EFT from customer $1,700

Add: Interest income $21 $1,721

Less: Posting error

($5,400 - $4,500) $900

Less: NSF check $500 $1,400

Book balance adjusted $26,775

Hence, the bank balance and the book balance are matched

8 0

3 years ago

Q 4.26: on december 31, 2017, before any year-end adjustments, canterbury shoe repair's prepaid insurance account had a balance

melamori03 [73]

Calculation of adjusted balance for prepaid insurance at December 31, 2017:

It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.

So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = $1,300

3 0

3 years ago

Jon enjoys fishing (which costs $20) and golf (which costs $30). last month, jon fished four times and golfed twice. the last fi

Gennadij [26K]

He did maximize the utility according to the utility maximization rule.

6 0

3 years ago