Which kind of food service is the most expensive and requires the largest staff of skilled servers?

Assume that a country with an open economy has a fixed exchange-rate system and that its currency is currently overvalued in the

olasank [31]

Answer: b. The quantity of the country's currency supplied exceeds the quantity demanded.

Explanation:

A country operating a fixed-exchange rate system would be actively trading its currency to ensure that it remains at a certain rate. If the currency is overvalued, it means that the currency is actually weak and is being propped up by the company's actions in the forex market.

A reason for the weakness would be that the supply is higher than the demand of the currency which means that, as per the rules of supply and demand, the currency is trading at a lower price, i,e., it is weak.

7 0

2 years ago

Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In t

irina [24]

Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

<h3>What is product maximization?</h3>

Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.

Thus, n this case, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

Learn more about Product Maximization at;
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7 0

1 year ago

The process of assigning meaningful authority and responsibility to managers and employees lower in the hierarchy is called:

Fudgin [204]

The answer is C. Delegation.
Delegation is the process of <span>assigning meaningful authority and responsibility to managers and employees lower in the hierarchy. Managers needs to delegate tasks to their people so they can be able to develop leaders in her/his team.</span>

4 0

3 years ago

In its annual income statement, Fox Co. reported income before income taxes of $300,000. Fox estimated that, because of permanen

mezya [45]

Answer:

In total 84,000 income tax will be reported.

Explanation:

taxable income 280,000

tax rate: 30%

tax expense: taxable income x tax rate:

280,000 x 30% = 84,000

The company already expected 50,000 tax income:

income tax expense 50,000 debit

cash 50,000 credit

So it will adjust for the difference: 84,000 - 50,000 = 34,000

income tax expense 34,000 debit

income tax payable 34,000 credit

In total 84,000 income tax will be reported.

5 0

3 years ago

Explain which expenditure category of GDP changes and the direction of the change that results for each transaction described. a

Sedaia [141]

Answer:

Investment spending increases

b. Net export increases

c. Government spending increases

d. consumption spending increases

e. consumption spending increases

net export decreases

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.

A domestic business purchases a domestically produced computer to use in a business office increases business inventory.

The purchase of a computer by a foreign company increases export. export is a positive function of net export, so net export increases

The government's purchase increases government spending

The purchase of a computer is a durable purchase by households. This increases consumption spending

Also, the purchase of a computer from a foreign country is an import Import is a negative function of net export. so net export reduces

8 0

3 years ago