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Iteru [2.4K]
3 years ago
10

"The US government decides to lower military expenditures to reduce the budget deficit.What effect would you expect this shock t

o have on output and inflation in the short-run"?
Business
1 answer:
algol133 years ago
8 0

Answer:

A decrease in military investment by the government, with the aim of lowering public spending, would in turn mean a decrease in aggregate demand, as less money would be inserted into society, which would reduce outputs and, due to the reduction in demand, it would also reduce inflation.

Public expenditure, in economy, indicates the complex of money of public origin that is used by the government in public goods and/or public services aimed at pursuing public purposes, such as military expenditures for national defense. These are therefore the outputs by the government and therefore an item of liabilities within the national budget, the coverage of which is necessarily entrusted to taxation on taxpaying citizens or public debt.  If public expenditure is not adequately covered by the revenue of a non-sovereign state (e.g. taxation), it enters a typical financial situation of public deficit.

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Match the following functions with their descriptions.
drek231 [11]

Answer:

A. ERP

B. RFID

C. Barcodes

D. E-business

E. EDI

Explanation:

Here is the complete question :

Match the following functions with their descriptions.

(E-Business, EDI, Bar Codes, ERP, RFID)

A. It allows companies to organize and share information

B. It provides instantaneous tracking by containing identifying information

C. It provides complete visibility of product location

D. Provides access to global markets, suppliers and distribution channels

E. It enables exchange of documents in a standard format

Enterprise resource planning (ERP) is a software used to organise a business core processes

Electronic Data Interchange (EDI) is used to exchange business documents in a standardised format electronically

Types of EDI

  1. Direct EDI
  2. EDI via value added networks (VANs)
  3. Web EDI
  4. Mobile EDI

Advantages of EDI

  1. It increases business efficiency
  2. It reduces operating costs

Disadvantages of EDI

  1. Initial setup cost is usually quite high

Radio-frequency identification (RFID) is used to identify and track tags that are attached to items

Barcodes are used as a means of identification of a product. They can identify the country a product is manufactured.

Electronic business (E-business) has accelerated the rate of global integration. It has increased the access to global markets, suppliers and distribution channels.

6 0
2 years ago
The risks of vertical integration include all of the following EXCEPT: a. costs and expenses associated with increased overhead
aleksandrvk [35]

Answer: Lack of control over valuable assets

 

Explanation: In simple words, vertical integration refers to a process under which an organisation combines two or more stages of production which were previously performed by any other company.

The vertical integration is done where the company wants to get more hold on its supply chain with the ultimate objective of having better control over valuable assets.

Hence from the above we can conclude that the correct option is C.

5 0
3 years ago
when the act curve is decreasing, we know that the mc curve is, and when the atc curve is increasing, we know that mc is
yuradex [85]

Answer:

When  ATC curve is​ decreasing, we know that the MC curve is

below the ATC curve​, and when the ATC curve is​ increasing, we know that MC is  above the ATC curve

Explanation:

ATC refers to average total cost and MC refers to marginal cost, these both curve derive from total cost when MC is below ATC curve it shows that MC is less than ATC at that point ATC is falling.

Likewise, when MC is above ATC curve it shows MC is grater than ATC curve and at that point ATC is rising.

furthermore, when MC is equal to ATC at that point ATC is at minimum point.

7 0
3 years ago
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
N76 [4]

Answer:

Adjusted balance = $23,387

Explanation:

                    Franklin Company

        Bank Reconciliation statement

Bank balance as of August 31                 $21,837

Add: Deposit in transit          <u>                   $ 7,350</u>

                                                                 $29,187

<u>Less: Outstanding check                        $(5,800)</u>

Adjusted cash balance                          $23,387

Cash balance as of August 31                $22,662

Add: Collection of Note receivable     <u>   $     870</u>

                                                                 $23,532

<u>Less: Bank service charge                      $(    145)</u>

Adjusted cash balance                          $23,387

6 0
3 years ago
List the pros and cons of partnerships.​
sergey [27]
Pro-you’re never lonely , you have someone to talk with , you and your partner are more open , it creates a healthy mentality’s, you’re able to communicate with each-other , learn and grow with each-other, learn together ,learn about one’s difficulties . Cons- end up hurt , lose trust , see everyone differently, learn from past experiences, become a better version of your self
6 0
3 years ago
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