Answer:
B. those who lose from free trade are better organized than those who gain.
Explanation:
There is a bias in the political process against free trade because <u>those who lose from free trade are better organized than those who gain</u>.
Free trades are the business agreement between two or more countries to import or exports among these countries does not have tax duties to follow, which boast their relationship and economy of countries as people can get quality goods at very low cost from other nation, however, many domestic organized sectors the affected by the free trade as they lose customer and revenue. Therefore, free trade has a negative effect on the local producer, which causes bias in the political process against free trade.
Answer:
(B) opportunity cost
Explanation:
If you are giving up an opportunity over another than it is called opportunity cost.
Answer:
$710,000
Explanation:
The computation of the owner’s equity at the end of the year is given below:
We know that
Accounting equation equals to
Total assets = Total liabilities + owners equity
where,
Total assets = $800,000 + $150,000 = $950,000
And, the total liabilities = $300,000 - $60,000 = $240,000
So, the owners equity at the end of the year would be
= $950,000 - $240,000
= $710,000
Answer:
The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells skills as the primary product.
