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3 years ago

Example of demand in economics.

1 answer:

5 0

Examples<span> of the Supply and </span>Demand<span> Concept. Supply refers to the amount of goods that are available. </span>Demand<span> refers to how many people want those goods. When supply of a product goes up, the price of a product goes down and </span>demand<span> for the product can rise because it costs loss.</span>

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An article in the New Yorker magazine states, "the main burden of trade-related job losses and wage declines has fallen on middl

laiz [17]

Answer:

Option E.

Explanation:

In free trade, a country with a comparative advantage in a good produces that good in the long-term. Therefore, if these people are working in an industry in which it has a higher opportunity cost i.e. it does not have a comparative advantage; they will eventually see job loss or fall in income or both. On other hand, when they purchase goods which has lower opportunity costs in foreign, they get access to these at a lower price and can purchase a higher quantity. So, these people are both harmed and benefitted by free trade.

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3 years ago

Taking over a family business can help to maintain the goodwill of the customers. Please select the best answer from the choices

Amanda [17]

The goodwill of the customers can be maintained by taking over the family business is the true statement.

<h3>What is the customer's goodwill?</h3>

The goodwill of the customers can be defined as the relationship that creates between the customers and a business, and that type of relationship is based on the products or services that the business sells,

The customer's goodwill can be maintained by providing good quality products, brand commitments, pleasure, fairness, relationship commitment, and so on.

So, when the businesses are face to face, then the family business can be carried on by their hires, like tea shops, grocery shops, etc. may create the relations between the businessmen and the customers by daily intersections.

Therefore, the above statement is true.

Learn more about business, refer:

brainly.com/question/14254734

4 0

2 years ago

Burns Corporation's net income last year was $98,300. Changes in the company's balance sheet accounts for the year appear below:

klio [65]

Answer:

a. $131,900

b. -$85,200

c. -$26,200

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

a. Cash flow from Operating activities - Indirect method

Net income $98,300

Adjustment made:

Add : Depreciation expense $32,200

Less: Increase in accounts receivable -$13,400

Add: Decrease in inventory $16,500

Less: Decrease in accounts payable -$18,700

Add: Increase in income tax payable $4,300

Add: Increase in accrued liabilities$17,100

Less: Increase in prepaid expenses -$4,400

Total of Adjustments $33,600

Net Cash flow from Operating activities $131,900

b. Cash flow from Investing activities

Purchase of Long-term investments - $10,300

Purchase of Property, plant, and equipment -$74,900

Net Cash flow from Investing activities -$85,200

c. Cash flow from Financing activities

Cash dividends declared and paid -$4,200

Repayment of bonds payable -$64,800

Issuance of common stock $42,800

Net Cash flow from Financing activities -$26,200

4 0

3 years ago

We argued that when the economic growth in the US is greater than the (economic) growth rates of our trading partners, the trade

ankoles [38]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, given the fact that the economic growth of the United States is greater than the economic growth rates of its trading partners then the trade deficit in the US should get smaller, all else constant due to the fact that the economy is growing at a level that is higher than does of the partners and therefore that when that happens the country will be in a better position and the production of it will increase as expected and that will impact positively in the deficit by reducing it to small amounts.

7 0

3 years ago

Which of the following statements is correct with respect to a limited partnership?

Viefleur [7K]

Answer: option D

Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.

a. In a limited liability a limited partner will never be personally liable for the debts.

b. A general partner can be a limited partner as long as there are two legal partners.

c. A general partner cannot be a secured creditor as he will always have unlimited liability.

d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.

5 0

3 years ago