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3 years ago

Which feature of a customs union differentiates it from a free trade area?

Business

1 answer:

andriy [413]3 years ago

6 0

Answer: A customs union requires all members to have a common external trade policy with non-union members.

Explanation: The feature that differentiates a customs union from a free trade area is that a customs union requires all members to have a common external trade policy toward non members. Free trade areas are permitted to negotiate different tariffs with different countries, contrary to the operation of customs unions.

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Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007

Nesterboy [21]

Answer:

€4,883,000

Explanation:

The computation of cost of sales is shown below:-

Inventory = 35,000 ÷ €12

= 2,917 units

Weighted average cost of inventory

= (2,917 × €12) + (35,000 × €14)

= €35,004 + €490,000

= €525,004

So weighted average cost = €525,004 ÷ €40,833.33

= €12.85

So, cost of sales = weighted average cost × sold units

= €12.85 × 38,000

= €4,883,000

3 0

4 years ago

Goods are complements if an increase in the price of one causes a __________ in the demand for the other

ASHA 777 [7]

Answer: decreases

Explanation: In simple words, complementary goods are those goods which have negative relation with each other in respect of price and demand. The usage of one good is dependent on other in case of complementary relation.

For example - Petrol and petrol car are complementary goods, if the price of petrol increases the demand for petrol cars will decrease.

Hence we can conclude that the right answer to the given problem is decrease.

7 0

3 years ago

What is meant by allocative efficiency? Allocative efficiency is when every good or service A. is produced up to the point where

Alborosie

Answer:

Option (E) is correct.

Explanation:

Allocative efficiency is created when the gap between marginal benefit and marginal cost is maximum. The marginal benefit is the benefit that a consumer can get by consuming an additional unit of a commodity and the marginal cost is the cost that a producer incurred by producing an additional unit.

Hence, the allocative efficiency is achieved where the difference between these two terms is maximized.

5 0

3 years ago

In 2016, the Neverland had a population of 8,200 and real GDP of 210,500. Neverland had 5% growth in real GDP per person. In 201

igomit [66]

Answer:

c.226,416

Explanation:

Calculation for what was real GDP in the Neverland in 2019

First step is to calculate real GDP per capital

Real GDP per capital=210,500/8,200

Real GDP per capital=25.6707

Second Step is to calculate Real GDP per person

Real GDP per person=(1+0.05)*25.6707

Real GDP per person=1.05*25.6707

Real GDP per person=26.954235

Last step is to calculate the real GDP in the Neverland in 2019

Using this formula

Real GDP in the Neverland in 2019=Real GDP per person* Population

Let plug in the formula

Real GDP in the Neverland in 2019=26.954235*8,400

Real GDP in the Neverland in 2019=226,416

Therefore the real GDP in the Neverland in 2019 will be 226,416

6 0

3 years ago

Read 2 more answers

Which generic action option is an outgrowth of affirmative action programs and attempts to either increase or decrease the numbe

ValentinkaMS [17]

It should be noted that the generic action option that serves as outgrowth of affirmative action programs is include/exclude action.

This generic action option gives attempts in increasing or decreasing the number of diverse people throughout an organization .

<h3>What is generic action option?</h3>

generic action can be regarded as an action which serves as generic delegate that is present in System namespace.

Learn more about generic action option at:

brainly.com/question/12851463

4 0

2 years ago