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forsale [732]
3 years ago
13

If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on

the country’s trade balance?
Business
1 answer:
Katena32 [7]3 years ago
6 0

Trade balance is calculated by subtracting imports from exports. In this case, exports are higher than imports which means we have a favorable trade balance. If imports were more than exports, you would have a negative trade balance.

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Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 A
Svetradugi [14.3K]

Answer:

The journal entry is as follows:

Work in process A/c                 Dr. $158,700

Manufacturing overhead A/c   Dr. $2,250

To Raw material inventory                               $160,950      

(To record the issuance of materials)

Workings:

  • Work in process is debited with direct material:

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        = $158,700

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An employee’s ability to perform his or her job effectively is referred to as
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________ entails even closer economic integration and cooperation than a common market. Group of answer choices A customs union
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Answer:

An economic union

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Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.

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I. Customs union

II. Free trade area

III. Common market

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An economic union can be defined as a trade bloc which comprises of both customs union and a common market.

In a common market, there are free movement of the factors of production and no barrier to trade between member countries. Also, a common market establishes a common external trade policy for non-member countries.

However, an economic union entails even closer economic integration and cooperation among member countries than a common market because it combines customs union and a common market.

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In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decr
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In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as <u>consumption </u>when purchased by households and <u>investment</u> when purchased by businesses.

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learn more about Gross domestic product (GDP) here

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