Answer:
c. Bruce owns Buster, a large dog who barks whenever anyone walks near his house. Betty lives next to Bruce, and Buster's barking can be heard whenever anyone walks near her house, too. Thus, Betty receives free protection from burglars because of Buster's barking
Explanation:
Free rider is a form of market inefficiency that occurs when people benefit from a good or service but do not pay or underpay for the product.
Betty is receiving free protection from Bruce's dog.
I hope my answer helps you
Answer:
Explanation:
Provide music lessons to students for 10,500 cash.
Dr Cash 10,500
Cr Sales 10,500
Being cash sales made
Purchase prepaid insurance to protect musical equipment over the next year for $4,000 cash.
Dr Prepaid Insurance account 4,000
Cr Cash 4,000
Being payment for the prepaid insurance
Purchase musical equipment for $17,000 cash.
Dr Equipment (asset) account 17,000
CR Cash 17,000
Being purchase of equipment
Obtain a loan from a bank by signing a note for $39,000.
Dr Cash 39,000
Cr Loan note (liability) 39,000
Answer:
An import tarif
Explanation:
An import tariff is a type of tax levied on the product bought from foreign nations. Tariff restricts the volume of goods and services brought into the country and making them expensive in the local market. Import tariffs serve as a source of revenue to the government and protect locally manufactured goods from unfair competition by imports.
The 25 percent tax imposed on all SUVs is an example of an import tariff. The person of the firm importing the vehicle must pat the government an amount equivalent to 25 percent of the value of SUV. Import tariffs make importing unattractive, thereby encouraging the consumption of domestic products.
<span>Profit is the payment to
entrepreneurship. When the entity’s amount earned exceeds the amount spent in
buying, operating, or producing something and it has a financial gain, this is
then the term we call the profit. This
is what an entity obtains when the amount of revenue from a business activity exceeds
the expenses, costs and taxes which are all needed to sustain the activity. The
owner may or may not decide to use the profit on the business. This is also defined as the money the
business makes after all the expenses have been taken into account. It is any
company’s goal to consistently earn profit. This is the reason why much of
business performance is based on the various forms related to profitability. </span>
Answer:
If shortage of goods and services occurs, obviously, the price will touch the sky, i. e. the price will increase twice or thrice the Real price...
