Answer:
A) producer surplus decreases and total surplus decreases in the market for that good.
Explanation:
When a country adopts a no trade policy, producer surplus decreases, consumer surplus increases, and total economic surplus decreases.
Total producer surplus deceases, because the quantity produced will be greater than the quantity demanded by the domestic market which will result in lower prices (which increases consumer surplus). But the extra consumer surplus is not enough to offset the lost producer surplus, therefore, the total economic surplus will decrease.
This is specially true if we are talking about small economies or large producers. E.g. due to the US - China trade war, American farmers couldn't sell their products to Chinese customers which resulted in an over stock, and a great portion of their total income was slashed.
It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
<h3>Who are
external users of financial accounting?</h3>
An investors is the most common external users of financial statements because they make and assess their investment decisions by using relevant financial information in a company's financial statements
But external users of financial accounting such as shareholders, boards also uses the financial accounting, therefore, It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
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A. Social Security
All of the following would be considered examples of employer post retirement benefits except Social Security
If two projects (investments) a and b are said to be mutually exclusive, then we know that the firm must choose to invest in either A or B, but not both.
The term "mutually exclusive projects" is typically used in the capital budgeting process where firms select one project from a range of projects based on specific criteria, with the approval of one project resulting in the rejection of the other projects.
Capital projects that compete head-to-head are said to be mutually exclusive. Projects X and Y are said to be mutually exclusive, for instance, if a management must choose precisely between completing either project X or Y, but not both of them simultaneously.
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