Answer:
(D) the principle of comparative advantage does not apply to countries with extremely limited resources.
Explanation:
The statement a, b and c are trues, the cost of opportunity reduced because you have more products available, it reduces the price of different prices and services, the trade makes that the nations depend and work together to improve their benefits, usually the trade doesn't benefits all the citizens because some industries improve their performance an other don't it depends of the market.
All the resources al limited, but the principle of the comparative advantage, says that the countries have to put the resources and efforts in a specific economic activities where they are better that other countries, and there are many products that a country could make
Answer:
Requirement of the question is to prepare journal entries for each of transaction. where it is given that 40,000 common shares were outstanding at Beginning of the year.
Explanation:
Answer:
Labor to be variable and capital to be fixed
Explanation:
Christine started off a new firm and only needed her own labor and a computer.
As the business grows there will be more work to be done, so her personal labor will be insufficient. There will be need for extra hands to get tasks done, and also people with specialised skills will need to be hired. Labor will be variable because it will change according to business needs. More employees when work is much and scale down on labor when work is less.
Capital needs will increase to effectively support the growing business, for example tables, chairs, computers, stationery, an office, and other equipment. Capital obtained will be fixed in nature especially land, office building, and office equipment.
Answer:
A. investors
Explanation:
Essentially there are two users who need the accounting information
1. External users: External users are users outside the enterprise. It includes suppliers, clients, government agencies, investors, financial institutions, etc
2. Internal users: The users within the business entity are the internal users. It includes proprietors, employees, managers, supervisors, etc
Thus accounting information is required for all users
Answer:
A. elective surgery due to its lower marginal utility per dollar of expenditure.
Explanation:
As there is non essential elective surgeries, as from government's point of view since it is non essential that is not required and not utilized by major citizens of the country, and since there is requirement of budget cut-down. The government shall remove elective surgery.
as the amount of expenditure involved in these surgeries is also high and the resulting utility for each surgery is really low, it shall be removed.