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qwelly [4]
3 years ago
5

In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of internat

ional trade. Consider the following scenario:Without free trade, Rooby has market power as a local producer. Once free trade is implemented in the local economy, Rooby is no longer able to raise its prices above competitive levels.The previous scenario represents which of the following benefits of free trade?Increased variety of goodsEnhanced flow of ideasIncreased competitionLower costs through economies of scale
Business
1 answer:
otez555 [7]3 years ago
5 0

Increased competition.

Answer: Option 3.

<u>Explanation:</u>

Free trade is the trade of goods and services from one country to the other country without any boundations and without any restrictions. As a result of the free trade, the consumers have more variety of a particular good in the market.

In this particular case, since Rooby is no longer the only producer of this particular because of the free trade in the market, he can not charge too high for a particular good and it increases the competition between the producers.

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Which of the following would be the most desirable wording to use on a résumé? Created a first-place science fair project. I won
eimsori [14]

Answer:

The answer is created a first-place science fair project.

Explanation:

When writing a resume, we usually refrain from using subjects when explaining our past work experiences and achievements. Generally, we focus on using verbs in past tense to explain what we have managed to do in these contexts. More specifically, it is preferred to use action verbs since our resume is supposed to give an explanation on what we have done in the past.

6 0
3 years ago
Why aren‘t magazine photos a good representation ofwhat a healthy person looks like?
Arte-miy333 [17]
Magazine photos are not a good representation of what a healthy person looks like because they often show pictures of people who has a skinny and or people who only has built or toned body without having to discuss other factors that should be considered such as mentally or psychologically. They are mostly focused on the physical appearance.
6 0
3 years ago
In data mining, finding an affinity of two products to be commonly together in a shopping cart is known as:
adoni [48]

In data mining, finding an affinity of two products to be commonly together in a shopping cart is known as:

  • Association rule mining

<h3>What is Association Rule Mining?</h3>

This refers to the machine based learning method which aims to find similarities between variables in large databases.

With this in mind, we can see that when the affinity of two common products is used such as a shopping cart, in data mining, this is known as the association rule mining.

Read more about data mining here:

brainly.com/question/13954653

5 0
2 years ago
Which of the following refers to the way that interest added to an account earns
prisoha [69]

Answer:

APY is when interest is added to an account that is earning the money so I belive that is the answer

6 0
2 years ago
Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). Age of Recei
AlexFokin [52]

Answer:

Current                      $11,000  19%  $2,090  

Past Due 30-60 days  $2,400  3%  $72  

Past due 61-90  days  $1,700  6%  $102  

                                            $2,264  

Dr Bad Debt Expense $ 2.264

Cr Allowance for Uncollectible Accounts $ 2.264

Explanation:

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT, this case $2,264 by the aging method to estimate uncollectible accounts.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets .

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

4 0
3 years ago
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