The goal of a country with a healthy economy is to have cyclical unemployment equal to zero.
An economy is the area of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economies: free market, command economy, and mixed economy.
An example in the economy is the US stock market system.
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Answer:
Option C
Explanation:
The journal entry to write-off underapplied overhead is shown below:
Applied Manufacturing Overhead xxx
To Work-In-Process Inventory xxx
To Finished Goods Inventory xxx
To Cost of Goods Sold xxx
To Manufacturing Overhead Control xxx
(Being the underapplied overhead written off is recorded)
The work in process inventory, finished goods inventory, and the cost of goods sold would be written off based on the overhead applied.
Answer:
This statement is true.
Explanation:
A market economy can be defined as an economic system in which economic decisions is taken by the market forces. The equilibrium prices and quantity are determined by the forces of demand and supply.
Market failure happens when these forces fail to efficiently allocate goods and services in the market.
The market fails to efficiently allocate goods and resources when the individual rational decisions in self-interest lead to inefficient outcomes for society.
Answer:
The answer is: Barb will earn more interest the second year than Andy.
Explanation:
The magic of compounding interest refers to the fact that the more frequently your money earns compounding interest, the bigger your balance will grow. Compounding interest adds earned interest into your account and then pays you an interest over the previous interest.
So Barb will earn more interest in the second year since the interest she earned in the firs year will gain more interest.