All categories

3 years ago

Free trade is the movement of goods and services between nations without political or economic barriers.

Business

1 answer:

docker41 [41]3 years ago

7 0

Answer:

The correct answer is letter "A": true.

Explanation:

Free Trade exists when nations can swap goods and services without the constraints of tariffs, duties, and quotas. Free trade lets nations concentrate on manufacturing their specialties which are typical products other nations cannot male or produce as well.

You might be interested in

What are some reasons why the budget deficit and non budgeted spending have been adding more than $500 billion to the national d

bogdanovich [222]

There are numerous reasons, things like war, immigration, increased poverty, or things like unpredictable natural disasters. When a hurricane strikes and destroys entire cities and housing it has to be fixed quickly and that is spending that was not planned since you can't expect things like that. Wars often cost much more than what was planned because bad things happen and they need to be fixed. Immigration can lead to an increase in social welfare spending since not all immigrants find a job quickly and establish themselves in the society.

6 0

3 years ago

A large farming cooperative that focuses on the production of fruits and vegetables uses a business that sells the farmers' prod

stellarik [79]

Answer:

trading company.

Explanation:

A trading company is the type of business that trades in different line of products and services, and sells to consumers, business, governments, etc. They purchase a particular range of product stock it and delivers to customers. They also cover operations and procedures that comes with import and exports, they can buy product from different countries and sell them in another country. This depends on their distribution network.

3 0

3 years ago

Read 2 more answers

On February 1, 2017, Pat Weaver Inc. (PWI) issued 9%, $1,500,000 bonds for $1,800,000. PWI retired all of these bonds on January

timurjin [86]

Answer:

the gain on retirement bond is $100,000

Explanation:

The computation of the gain or loss recognized on the bond retirement is shown below;

= Book value - paid at redemption

= ($1,500,000 + $157,500) - ($1,500,000 × 105%)

= ($1,657,500) - ($1,575,000)

= $100,000

hence, the gain on retirement bond is $100,000

The same is to be considered and relevant too

3 0

3 years ago

Differentiate between cash-basis accounting and accrual-basis accounting. Why is accrual-basis accounting the preferred method f

Umnica [9.8K]

Answer:

Reason : To ensure constant flow of cash

Explanation:

Accrual Basis of accounting records transactions when they meet definition and recognition criteria of Assets, Liabilities,Equity, Expense and Incomes.

This is different from cash-basis accounting which records transactions at the receipt or payment of cash.

Because of timing difference, the cash transactions (cash basis) can happen a late than the day of recognition of the elements (accrual basis).

Hence Revenue services demand that income tax be calculated on accrual basis to ensure a constant flow of cash whenever an entity transact.

8 0

3 years ago

It’s time for the Bizlaw County auction! For each of the auction items listed below, you will (1) determine which type of proper

Andrei [34K]

Answer:

I have formulated the answer in the table and the table is attached in the attachment please refer to the attachment 1.

Explanation:

Please refer to the attachment 1. And here is the explanation

Inherited property is the property which is transferred to ones beloved after she/he passes away or makes a will, so statement A, E and F are inherited properties.

Purchased property are the ones that one acquires after paying certain price of the good, so B is purchased property.

Abandoned property is the goods or intangible thing left somewhere and the owner is not known, so statement C and D are abandoned properties.

6 0

3 years ago