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Juli2301 [7.4K]
3 years ago
10

A deficit in a nation’s current account means:

Business
1 answer:
Marrrta [24]3 years ago
5 0

Answer:

B. it must have a deficit in its financial account as well

Explanation:

Current account deficit is the measure of the a country trade, a country imports and exports the goods. Net effect of both will be deficit or surplus.

If the Payment against the imports are higher than the receipts against the exports then there is a deficit.

If the Payment against the imports are Lower than the receipts against the exports then there is a Surplus.

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Generating ideas by comparing specific project practices or product characteristics to those of other projects or products insid
Ganezh [65]

Answer:

This process is known as Benchmarking

Explanation:

Benchmarking is the process of comparing business process and performance to the best practices from the other companies. The dimensions measured and compared are time, quality and cost.

This allows the organizations to improve the projects or plans or adapt the specific best practices with the aim of increasing the performance.

7 0
3 years ago
Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm di
disa [49]

Answer:  c. the products would no longer be similar in the wheat market.

Explanation;

In a perfectly competitive market, goods are meant to be homogeneous which leads to stiffer competition as a consumer could just switch from one seller to another and still get the same utility as all products are similar.

If one product starts to taste better and have fewer calories, the products in the market will no longer be homogeneous and competition will decrease because switching to this newer wheat would increase a consumer's utility as opposed to not therefore more people will switch and other competitors will not be able to compete unless they start producing better wheat as well.

3 0
3 years ago
1. Define Trade, Import and Export<br><br> 2. List items the U.S. imports and exports.
jasenka [17]

Answer:

food and clothing

Explanation:

import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.

4 0
3 years ago
A construction company entered into a fixed-price contract to build an office building for $46 million. Construction costs incur
kakasveta [241]

Answer:

Total revenue:                                    $46 million

First year costs:                                   $12 million

Estimated first year costs(EFYC):       $28 million

Cost to date for the projec (CTD):  $12 million

Given this information, the first thing to do is to calculate the percentage % of completion.  The formula is stated below.

Percentage of completion ( CTD / EFYC  )

CTD / TEC  = (12000000/28000000)

CTD / TEC = (42,85%)

Then multiply the Percentage of completion * Total Revenue

42.85%*46.000.000 to obtain the revenue for period 2.

The loss that the company must present in their statements for year 1 is: Loss for period 1  =$12.000.000

4 0
4 years ago
Read 2 more answers
What is one service the fed performs for the treasury department? it auctions government bills. it processes payments, such as s
oksano4ka [1.4K]
It processes payments, such as Social Security checks.
5 0
3 years ago
Read 2 more answers
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