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amid [387]
3 years ago
14

When trading with more developed countries, less developed countries have a comparative advantage in the production of all goods

or services. less developed countries do not have a comparative advantage in the production of any goods or services. less developed countries have a comparative advantage in the production of some goods or services.
Business
1 answer:
stealth61 [152]3 years ago
7 0

Answer:

less developed countries do not have a comparative advantage in the production of any goods or services.

Explanation:

Usually less developed countries do not have a full developed production

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C) a debit to Merchandise Inventory and a credit to Accounts Payable

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The journal entry to record the purchase of inventory on account by using the perpetual inventory system is shown below:

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(Being merchandise is purchase on credit)

Simply we debited the merchandise inventory account and credited the account payable account so that the correct posting can be done.

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If the economy were run with a strictly keynesian point of view, what would the government's role be in regards to the u. s. eco
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The government is responsible for managing the economy. If the economy were run with a strictly Keynesian point of view.

The theory of John Maynard Keynes, known as Keynesian economics, revolves around the idea that governments must play an active role in their countries' economies, rather than simply allowing them to be governed by free markets. increase. Keynes in particular advocated federal spending to mitigate cyclical downturns.

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