Answer:
Explanation:
Base on the scenario been described in the question we can calculate the following
1. Calculation of Employee’s FICA withholding for social security tax rate is 6.20%. Attachment 1 below
2.Calculation of Employee’s FICA withh... Attachment 2 below
The answer is
the company's assets will rise by $500,000 while its liabilities will rise by $500,000.
Because it takes many years before newly planted orange trees bear fruit, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. Therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges.
Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a <u>Shortage</u> that is <u>Larger</u> in the long run than in the short run.
Answer: (a) shortage,(b) Larger
<u>Explanation:</u>
Binding ceiling price which is set by government.Ceiling price is the maximum price above which we cannot sell the goods. Binding ceiling price means price that is set below the equilibrium price.Firms cannot sell there goods above that price. Now equilibrium price means ,a price which is determined at a point where demand and supply curve meets.
When there exist binding ceiling price than there might be some firms who are not willing to sell at that price .So there can be shortage of supply .This shortage will be larger in long run than in short run because in short run supply remains same irrespective of change in price.
Answer: D. exporting
Explanation:
Exporting is the sale of goods to other countries apart from your own even though the goods being sold were produced in your own country.
Exporting works best when the country doing the exporting is capable of producing the goods being exported at a lower price than the country that it is sending to, that way the people in that country have an incentive to buy it over locally made products. WoodCore is producing in the U.S. and selling elsewhere. This is exporting.
Answer:
The variety of goods available to consumers: GDP only looks a at the value of goods that are produced within the country, it does not take into account the variety available in the market to consumers.
The value produced by doing your own laundry: GDP does not measure non-market activities, so personal jobs like doing your own laundry is not accounted for.
Explanation: