1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
omeli [17]
3 years ago
8

Suppose that, a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, the

price of that good will ____ when the economy goes from closed to open for trade.
Business
2 answers:
Brrunno [24]3 years ago
8 0

Answer:

Increase

Explanation:

A closed economy is a country with no export or imports or any form of international trade and thus is completely self sufficient. When a country with closed economy decides to engage in international trade and becomes a net exporter, that is, it sells more to foreign countries than they import, the general price level of the good traded increases.

kompoz [17]3 years ago
6 0

Answer: Increase.

Explanation: A closed economy is one in which there is no external trading, that is no importation or exportation activities with other countries. Territories in this bracket are often seen as self-sufficient and tend to encourage local production. However, when an economy transits from being closed to open to international or foreign trade, and becomes a net exporter, that is sells more than it buys, then the price of that good will increase as more will need to be produced than previous amounts provided locally in other to meet demands of export. This increase in demand will most certainly lead to increment in price.

You might be interested in
Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold
Usimov [2.4K]
Okay. So Joan receives 25% commission on the profits of the cars she sells. She got $8,870 on the profit last month. To find the commission, let’s multiply the amount of profit by the percentage. 8,870 * 0.25 is 2,217.5. There. Joan earned $2,217.50 in commission last month.
6 0
3 years ago
All of the following are appropriate benchmarks for a state or local government to use as a basis for comparing performance exce
r-ruslan [8.4K]

Answer:

Federal agencies' financial information for a comparable time period.

Explanation:

Benchmarking can be regarded as management accounting innovation, which is been utilized in both the private and the public sectors for performance measurement as management. There are alot of success reported by public sector accounting researchers with the use of benchmarking, however there is

charged problems that still exist in implementing as well as using this management technique. The appropriate benchmarks for a state or local government to use as a basis for comparing performance are;

✓Socioeconomic and demographic trends of governments of similar types and size available from U.S. Census Bureau.

✓ A government's own operating results and financial position from prior years.

✓ International City/County Management Association's Financial Trend Monitoring System results for governments of similar types and size.

8 0
3 years ago
The capital gains (losses) netting process for taxpayers without 25 or 28 percent capital gains requires them to (1) net short-t
elena55 [62]

Answer:

False

Explanation:

Capital gains and losses netting will have no effect on tax payable. The individual impact on tax will be same as of netting the gains and losses. The net outcome of the tax will be remain un impacted.

8 0
3 years ago
Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the elasticities of output with respect to capi
Rainbow [258]

Answer:

The output growth rate is 3%.

Explanation:

Use the growth accounting equation as follow

ΔA% = ΔY% - αΔK% - βΔL%

Where

∆A = change in productivity = 2%

∆K = growth in capital =

∆L = growth in labor =

α = elasticity of capital = 0.2

β = elasticity of labor = 0.8

∆Y = change in output = ?

Placing values in the formula

2% = ΔY% - ( 0.2 x 1% ) – ( 0.8 x 1% )

2% = ΔY% - 1%

ΔY% = 2% + 1%

ΔY% = 3%

Hence, the output growth rate is 3%.

7 0
3 years ago
Cities are municipal corporations that operate under _______ from the state.
Soloha48 [4]
Cities are municipal corporations that operate under C. Charters from the state.
3 0
3 years ago
Read 2 more answers
Other questions:
  • A company is considering purchasing a machine that costs $400,000 and is estimated to have no salvage value at the end of its 8-
    14·1 answer
  • Approximately how much of the initial investment's value would be lost after 15 years at 3% inflation?
    6·2 answers
  • Asap!!!!!!!!!!!!!!!!
    14·2 answers
  • Natalie's team needs to make a decision on how to handle a big product recall. People on the team have a lot of strong opinions.
    15·1 answer
  • Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 201
    15·2 answers
  • he direct write-off method of accounting for uncollectible accounts a. emphasizes the matching of expenses with revenues. b. emp
    6·1 answer
  • ___________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employ
    12·1 answer
  • Good internal controls over the write-off of uncollectible accounts include appropriate review of ________ by management to ensu
    15·1 answer
  • Under mechanism of scientific management scientific task setting include?
    12·1 answer
  • When analyzing segment attractiveness, one of the three factors to consider is the segment’s strategic fit to the company’s
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!