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svetlana [45]
2 years ago
6

______ involves the free flow of products and factors of production between member countries, the adoption of a common external

trade policy, a common currency, harmonization of members' tax rates, and a common monetary and fiscal policy.
A) An economic union
B) A common market
C) A customs union
D) A free trade area
Business
2 answers:
Ivahew [28]2 years ago
5 0

Answer:

A, an economic Union.

Explanation:

An economic union is a type of trade agreement concerning the same market of commodities, between a group of countries.

The trade agreement usually involves the free flow of the factors of production as well as factors of production.

Also, the agreement means that countries that are a part of the economic union are able to adopt a currency, regulate and harmonize tax rates as well as implement similar policies.

Asides economic union, there are other types of trade agreements and they include, free-trade zones, custom union, etc.

Cheers.

Whitepunk [10]2 years ago
3 0

Answer:

D. A free trade area

Explanation:

A free trade area is considered as a particular region where countries have decided to allow a trade to occur in their countries with little or no barriers. The countries signed a <em>free trade agreement. </em>

Free trade areas also have their pros and cons. They promote international division of labor and free trade, however, free trade areas are susceptible to politics and international relations.

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Which of the following statements is CORRECT?
Ivenika [448]

Answer:

The correct answer is E. One example of an agency relationship is the one between stockholders and managers..

Explanation:

Agency theory is a business technique by which a person or company (the principal) asks another person (the agent) to perform a certain job on their behalf. For an agency relationship to exist, the agent must be authorized by the principal to sign, modify or cancel contracts with third parties on behalf of the principal.

In a way, it is a measure of business representation with perfectly legal validity by which it is compatible to act by separating the property of the company and its control or management on multiple occasions, thanks to the fact that the agreement, despite being carried out by the agent, will have legal and real validity as if the principal had done it in the first person.For example, there are companies that for different reasons benefit more from having an external company for the transport of their goods instead of doing that task for themselves.

Another common example of this type of agency relationship is that maintained by the shareholders of a company and its managers.

8 0
2 years ago
A company pays $1,900 for supplies previously purchased on account. Indicate the amount of increases and decreases in the accoun
ad-work [718]

Answer:

Assets decreases by $1,900 while liabilities also decreases by $1,900.

Explanation:

Accounting equation shows that the assets of a company is equal to the addition of its liabilities and shareholders' equity. This is stated mathematically as follows:

Assets = Liabilities + Shareholders' equity ................................. (1)

The aim of the accounting equation is to ensure that the balance sheet is always balanced, that is, a change in one of the components of the accounting equation must result in a corresponding change in another component of the accounting equation. This ensures the accounting equation always balance.

in the question, purchasing an item on account means that the item was purchased on credit i.e. without paying for it immediately. This makes the supplier a creditor to the company and creditor is one of the components of liabilities in the accounting equation. The payment of $1,900 to the creditor implies a decrease in the liabilities by $1,900.

In addition, cash is one of the components of assets in the accounting equation stated above. Therefore, the payment of $1,900 by the company to the creditor/supplier reduces assets by $1,900.

Based on this information, the accounting equation (1) above can be restated as follows:

Assets - $1,900  = Liabilities - $1,900 + Shareholders' equity ............ (2)

This shows that assets decreases by $1,900 while liabilities also decreases by $1,900.

To test that the accounting equation always balance, equation (2) can be solved and we will obtain equation (1) back again as follows:

Assets - $1,900 + $1,900 = Liabilities + Shareholders' equity

Since - $1,900 + $1,900 = 0, we have equation (1) back again as follows:

Assets = Liabilities + Shareholders' equity

I wish you the best.

5 0
3 years ago
EZ Workout Inc. advertises Fit Step, an exercise machine, online. In its ads, EZ claims that the use of Fit Step measurably enha
Goryan [66]

Answer:

substantiated.

Explanation:

EZ Workout is not saying that Fit Step is good for you because it will make you feel better and fitter, it is saying that it measurably increases the length of the lives of it users.

When an advertisement states alleged facts it must be able to provide proof of evidence or claim substantiation, if not, they can be accused of deceptive advertising.  

5 0
2 years ago
The United Kingdom currently has a trade deficit with New Zealand. If the U.K. pound sterling appreciates relative to the New Ze
monitta

The correct answer to the given question is that the trade deficit would increase since with the appreciating pound means <em>more goods will be imported</em> from New Zealand.

Based on the given question, we are asked to show the effects of the trade deficit between New Zealand and UK based on the appreciation of the pound sterling relative to the New Zealand dollar.

With this in mind, we are aware that when there is a strong domestic currency, then it would encourage more imports and hamper exports, therefore, the trade deficit will increase, since an appreciating pound means more goods will be imported from New Zealand.

Therefore, the correct answer is option D

Read more about trade deficit here:

brainly.com/question/24473707

4 0
2 years ago
The crowding-out effect refers to the possibility that:
Natalka [10]

Answer:

a. a deficit, financed by borrowing in the capital markets, will increase the interest rate and reduce investment in the private sector.

Explanation:

Crowding out effect is when government borrowing from the capital markets leads to an increase in interest rate. this makes it more expensive for private sector to borrow and this reduces investment by private sector

6 0
3 years ago
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