Answer:
generally receives favorable tax treatment relative to a corporation.
Explanation:
The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation
But in this it received the favorable tax treatment as compared with the corporation
Answer: C $6,000
Explanation:
Accounting profit = Revenue - Explicit Cost
Revenue = 6000 × 2.5 = $15,000
Explicit Cost = $ 9,000
Accounting profit = $15,000 - $ 9,000 = $6,000
Cost of good sold; average inventory
Answer:
that resources are perfectly shiftable from the production of one good to another.
Explanation:
Production possibilities frontier defines that is a graph showing all the different production combinations of two products which can be manufactured using present resources and technology. The production possibilities frontier incorporates scarcity, option and trade-off principles.
In other term Production possibilities frontier Indicates the cumulative production mixture of different products or services that an economy can achieve by making optimal use of all available resources.
Answer:
The options for this question are the following:
a. an exchange rate
b. a quota
c. a boycott
d. a dumping law
e. a tariff`
The correct answer is b. a quota
.
Explanation:
Import quotas are tools that countries have when it comes to limiting the physical quantity of a product that can be imported into their territories.
Within the different methods of control of foreign trade that a State has, there is the adoption of import quotas.
Therefore, this economic mechanism of trade restriction therefore supposes the application of limits of units or maximum weight of product that it is possible to import during a determined period of time.
Introducing this type of commercial measures is perfectly compatible with the introduction of others simultaneously. That is, a government can establish quota-based import trade strategies and set tariffs, for example.