Answer:
The United Kingdom produces computers and sells them to Japan. At the same time Japan produces cars and sells them to the United Kingdom. Suppose there is an appreciation in the pound. This will cause: an increase in imports into the United Kingdom and a decrease in exports to Japan, which will cause a decrease in aggregate demand and real GDP - Option C.
Explanation:
Option C is the correct answer choice, the reason being that an appreciation in the value of the pound will mean that the UK's goods will look more costly. This will mean that imports of foreign goods into the UK will rise whereas exports of UK goods will fall.
Answers;
In scrutinizing a statement of cash flows in an attempt to gain a better understanding of the client, the auditor should evaluate to check if the client is meeting interest payments when they are due. The auditor may use information about the client's industry. This is done to evaluate whether significant changes is made in the company from prior periods, including changes in its internal control over financial reporting, affect the risks of material misstatement.
Answer: True
Explanation: Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up.
Answer:
A liquidated damages clause
Explanation:
A liquidated damages clause or provision is included in an agreement specifying an amount of money that establishes the damages that will be recovered by one party in the event of another party's breach to the contract.
Liquidated damages are agreed upon by parties to the contract at the time of signing the agreement.
In this scenario, the provision of $1,000 in the agreement constitutes a liquidated damages clause.
Answer:
licensing
Explanation:
A licensing agreement between Leonards and Penny will enable Penny to use Leonards' proprietary assets for a defined time period. In exchange Penny must pay royalty fees to Leonards. The license will allow Penny to manufacture and sell Leonards' products in California (or the whole US). This licensing agreement will save money and resources to both Loenards and Penny.