Considering the situation described the many economists believe these policies helped avert another Great Depression but exacerbated the <u>inflation</u> problem in the financial system.
This is because the new policies and tools used to tackle the 2007-2008 financial crisis and recession was based on Keynesian economics.
However, while Keynesian economics concentrates on regulating aggregate demand to solve or prevent economic recessions, it is considered <u>inflationary</u>.
This is because it is believed that these policies encourage lower tax rates and increase the national deficit to ensure there is employment.
However, with more money in circulation, many economists believed it would cause inflation and more income disparity.
Hence, in this case, it is concluded that the correct answer is <u>Inflation</u>.
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Answer:
A. Debit Supplies Expense and credit Supplies for $5,000
Explanation:
The adjusting journal entry is shown below:
Supplies expense A/c Dr $5,000
To Supplies A/c $5,000
(Being supplies account is adjusted)
The supplies expense is computed below
= Opening Supplies balance + purchase value of an additional supplies - supplies still on hand at the end of the year
= $3,750 + $2,000 - $750
= $5,000
Answer:
Competitive Advantage
Explanation:
Competitive advantage is achieved when innovation, cost, time or quality is used to have a unique edge or strength above competitors.
Within a tight market space with a lot of competitors, DVD Overnight can have a Competitive Advantage over other competitors. DVD Overnight was smart to innovate a new and dynamic way of reaching more customers by using the internet to provide a service that was not available through other companies that rented movies. Therefore, its delivery system created its competitive advantage over other companies within the market space.
The first step must his company take to achieve this goal is: earn profit.
<h3>What is profit?</h3>
Profit is what a person gain from the sell of products after deducting their expenses and other production cost.
In order for the company to achieve their set goals which is to fulfil the economic foundation business they need to first of all earn profits from their business.
Therefore the company needs to earn profit.
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Answer: tax imposed on imports, whereas a quota is an absolute limit to the number of units of a good that can be imported. (D)
Explanation:
Protectionism is the act of protecting local firms from foreign competition. It helps in the growth of infant industries and can also be used to prevent dumping in a country. Some forms of protectionism used are tariffs, quotas etc.
A tariff is a tax imposed on imports. When a tariff is imposed on imports, it leads to an increase in the price of the good as it is an additional cost to the producer. A quota is a limit to the number of goods that can be brought into a country.
