Over time, the average consumer will be better off from reduced trade barriers by lower prices.
- Comparative advantages allow countries to manufacture the goods at which they are experts.
- A is skilled at making delicious wine, and they can do so for less money than B while still creating a wine of higher quality.
- When trade obstacles are lowered, wine from country A will be sold in country B, customers will have more wine options available to them, and prices will be substantially less different than they are when strong barriers are in place.
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Answer:
the answer of this question is d.)donation crowdfunding
Answer:
its demand increases and when the price of a commodity rises,
Explanation:
demand decreases other things remaining constant.
In a condition where MPC is 0.5, a simultaneous increase in both taxes and government spending of $20 will increase GDP by $20. Therefore, the option C holds true.
<h3>What is the significance of GDP?</h3>
GDP of an economy is classified as a total of all the consumer goods and services produced in an economy during a given financial period, usually a year.
An increase in the taxes and government spending in an economy will lead to an increase in the GDP by the same rate. However, the proportion of change depends upon the MPC of an economy.
Therefore, the option C holds true and states regarding the significance of GDP.
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The question seems to be incomplete. It has been added below for better reference.
If MPC = 0.5, a simultaneous increase in both taxes and government spending of $20 will _____.
A. decrease GDP by $20.
B. decrease GDP by $40.
C. increase GDP by $20.
D. increase GDP by $40.
Answer:
The company's plantwide overhead rate on a per machine hour basis is $5 per hour.
Explanation:
Acording to the data, we have the following:
Direct Labour Cost=$200,000
Direct Labour Hours= 16,000
Total Overhead Cost= $25,000
Machine Hours= 5,000
Therefore, to calcuate the company's plantwide overhead rate on a per machine hour basis, we use the following formula:
Company's plantwide overhead rate= Total Overhead/ Machine hours
= $ 25,000 / 5000 hours
=$5 per hour
