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2 years ago

Uneven distribution of natural resources often leads to countries trading with one another, explain how

Business

1 answer:

sleet_krkn [62]2 years ago

3 0

Answer:

Uneven distribution of natural resources often leads to countries trading with one another, explain how

In ancient times, trade by barter was first employed for trading as a result of uneven distribution of natural resources which calls for need for transacting with other countries. It has greatly benefited countries in such a way that it strengthens the tie between them and make wealth to be well distributed as the country with least natural resources still has something to sell to those with many. e.g Crude oil from Nigeria to other part of the world has made it easier for Nigeria and this still remains their major natural resources used in international trade for money and it has helped to boost their economy since oil was detected.

Explanation:

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3 years ago

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Explanation:

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2 years ago

Exercise 8-5 The ledger of Costello Company at the end of the current year shows Accounts Receivable $110,000; Sales Revenue $84

Nina [5.8K]

Answer:

Journal entries are shown below:

Explanation:

The journal entries are as follows

a. Bad debt expense $1,400

To Account receivable $1,400

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To Allowance for doubtful accounts $8,900

(Being the bad debt expense is recorded)

The computation is shown below:

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2 years ago

What was the Bretton Woods system?

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Answer:

the International Trade Organization.

Explanation:

The Bretton Woods system was a post-World War II reconstruction plan which took place in New Hampshire to found three key institutions to promote capitalism, policy coordination and free trade respectively: the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD), which later became the World Bank, and the International Trade Organization, which later became the World Trade Organization.

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3 years ago