<span>Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. The double entry has two equal and corresponding sides known as debit and credit.</span>
Answer:
B. shifts the individual's budget line rightward because she can now purchase more of both products
Explanation:
When there is an increase in the budget line of a consumer, it means that there is an expansion in this consumers consumption possibilities.
The consumers budget line will then shift rightward or upwards. With this increase the consumer can purchase more of both goods. The outward shift indicates increase.
Therefore the answer to the question is option B.
Answer:
$10,245.20
Explanation:
The present value by the Eliza shall be determined through below mentioned formula:
Present value=Future value(1+i)^-n
In the given question
Present value=?
Future value= Amount that the Eliza will receive after four years=$15,000
i=interest rate involved=10%
n=number of years after which the $15,000 will be received=4
Present value=$15,000(1+10%)^-4=$10,245.20
Answer and Explanation:
Protectionist policies followed by the government will lead to lack of competition for domestic firms in the market. When there is lack of competition for domestic firms in the market, this will make the firms inefficient in the long run in the country which has imposed protectionist policies. When the firms become inefficient, there will be less job creation in the jobs market and demand for labor will also reduce because of fall in profits of the firm. When profits fall, the firms will not be interested in providing safe working conditions to its employees because it will increase their cost of production reducing profits further. Thus, protectionist policies can lead to fewer jobs, lower wages or poor working conditions for the firm.
