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Paul [167]
3 years ago
7

In 1 or 2 sentences, explain if a country would rather have a trade surplus or a trade deficit. Then, in 2 or 3 sentences, expla

in the difference between balance of trade and balance of payments.
Business
2 answers:
Liono4ka [1.6K]3 years ago
7 0
In 1 or 2 sentences, explain if a country would rather have a trade surplus or a trade deficit. Then, in 2 or 3 sentences, explain the difference between balance of trade and balance of payments.

Answer: we have to understand that trade surpluses and trade deficits can be beneficial or harmful for an economy in certain circumstances. A country would rather have a trade surplus because it means that it has plenty of resources to support its economic activity.

I hope it helps, Regards.
statuscvo [17]3 years ago
6 0
It is important for a country to have a trade surplus rather than trade deficit because trade surplus indicate an increase in economic productivity within the country

Balance of trade is only the difference in value between export and import, meanwhile balance of payments mean the record of all financial transaction between the country and the rest of the world

hope this helps
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Affan Chawdry has monthly net income of $1,050. He has a house payment of $450 per month, a car loan with payments of $375 per m
Stolb23 [73]

Answer:

92.86%

Explanation:

Debt-to-income ratio is a comparison or personal debts against income.  It is used to assess an individual ability to accommodate more debts.

The formula for for calculating Debt to income is

Debt to income is   <u> Total of Monthly Debt Payments​​  </u>

    Gross Monthly Income        

For Affan, Total debts are $450 + $375 + $50+ $100 =$ 975

Gross income is not given , we use net income which is $1,050

Debt to income ration =  $975/$1050

=  0.92857 x 100

= 92.86%

8 0
3 years ago
One of the three basic questions: concerned with the distribution of goods and services
Harman [31]
How to transport the goods ie by truck, plane or train for example for goods like vegetables and fruits from California to Canada and for services like consulting services it could be if they are available and at what cost.
4 0
3 years ago
Lauren is the owner of a bakery that earns 0 (zero) economic profit. Last year, her total revenue was $145,000, her rent was $12
kow [346]

Answer: The correct answer is " a. $92,000.".

Explanation: The explicit costs are observable, that is, those that we can easily take into account and decrease our operating result (salaries paid to employees, material costs, taxes, etc.)

So her total explicit cost were: $12 000 + $65 000 + $15 000 = $92 000.

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What is a product line? Why are they used and how do companies determine what to use and how to adjust what is being used?
Trava [24]
A product line is a group of related products produced by one manufacturer they use product lines to gauge trend a find out which markets to target they use whatever is being sold the most and go from there
8 0
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One assumption that distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm is that in th
scoray [572]
A. The size of the factory is fixed.

We know there will always be costs of rent and etc when running a business so even in the short run there is fixed costs. The output is always variable depending on the number of workers. The number of workers is also not fixed, but the size of the factory is because you cant just get up and move your business over night, it costs money and is a lot of work.  
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