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3 years ago

The national defense of the United States is not rival because

Business

1 answer:

MrRissso [65]3 years ago

4 0

Answer: Option (A) is correct.

Explanation:

The national defense of a nation is considered as a public good. We know that public good has two major characterstics that are non-rival and non-excludable.

Non-rival goods refers to the satisfaction level or the utility obtained from a particular good will not reduce from one person's consumption. The amount of good available to other individuals remains the same.

Therefore, if one person is enjoying national defense then this will not reduce the satisfaction level obtained from the national defense for the other individuals.

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What is accounting theory

Gemiola [76]

Answer:

a set of assumption framework and methodologies used in the study of application of financial reporting principles

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3 years ago

Jenna isn’t sure if she should buy an extended warranty for her new laptop. Use the PACED decision-making process to help her de

Vladimir79 [104]

Problem:
Buy extended warranty for $950 laptop or not?

Alternative:
1) Buy extended warranty
2) Not buy extended warranty

Criteria:
Practical and cost saving in the long-run

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3 years ago

The following events occurred for Favata Company: a. Received $10,000 cash from owners and issued stock to them. b. Borrowed $7,

Marina86 [1]

Answer:

(a)

Increase in Cash of $10,000 and Increase in Common Stock account of $10,000

Asset increases by $10,000; Owner's equity increases by $10,000. Accounting equation remains in balance.

(b)

Increase in Cash of $7,000 and Increase in Short-term Note Payable account of $7,000

Asset increases by $7,000; Liability increases by $7,000. Accounting equation remains in balance.

(c)

Increase in Fixed Asset of $800 and Increase in Account Payable account of $800

Asset increases by $800; Liability increases by $800. Accounting equation remains in balance.

(d)

Increase in Fixed Asset of $12,000, Decrease in Cash of $1,000 and Increase in Long-term Note Payable account of $11,000

Asset increases by $11,000; Liability increases by $11,000. Accounting equation remains in balance.

(e)

Increase in Fixed asset of $3,000, Decrease in Cash of $1,000 and Increase in Account Payable account of $2,000

Asset increases by $2,000; Liability increases by $2,000. Accounting equation remains in balance.

Explanation:

Explanation is given in Answer part

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3 years ago

Which of the following elements is exclusive to the services marketing mix, and not the traditional marketing mix?a) processb) p

Romashka-Z-Leto [24]

Answer:

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Explanation:

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3 years ago

What tool is used to forecast state economic growth, keep track of business cycles, and generally provide information on the hea

Rina8888 [55]

Answer:

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Explanation:

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3 years ago