Answer: Option (C) is correct.
Explanation:
A country has a comparative advantage in producing a commodity if the opportunity cost of producing that good is lesser in that country as compared to the other country.
From the information given in the question, it is clear that Alphaland has a comparative advantage in axes and Betaville has a comparative advantage in batons.
Hence, Alphaland will trade axes for batons only if the price of batons is lower than the cost of producing it in Alphaland. So that there is a possibility mutually beneficial trade.
It should be noted that basic objective of a CPA firm is to provide professional services, and this is done by system of quality control.
With the establishment of quality control policies as well as procedure, reasonable assurance can be provided.
<h3>What are objective of a CPA firm?</h3>
The objective of a CPA firm is to be in control of the system and regulate the system activities.
objective of a CPA firm at;
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Answer:
Cost of goods will be $4670325
Explanation:
We have given current liabilities = $407000
A quick ratio = 1.90
Current ratio is 3.40 and inventory turnover = 4.50
We know that current ratio is the ratio of current assets and current liabilities
So 
So current assets = $1383800
Now quick ratio is equal to = 
So 
Inventory = $1037850
Inventory turnover is given 4.5
So 
So cost of goods sold = 4.5×$1037850 = $4670325
Answer:
Price elasticities of demand and supply
Explanation:
Tax is a compulsory amount levied on goods and services by the government or an agency of the government.
taxes increases the prices of goods and services
Deadweight loss of tax refers to a reduction in quantity demanded and supplied as a result of tax.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.
If demand or supply is elastic, the deadweight loss of tax is higher. If demand or supply is inelastic, the deadweight loss of tax would be lower.
Answer:
REDISTRIBUTION
Explanation:
Redistribution of assets and income can be defined as social mechanism like taxes, education, healthcare, government services, political reform, fiscal policy, confiscation, separation or tort rule is the redistribution of wealth and income from some persons to others.
The phrase's meanings differ, based on private experiences, political philosophies and limited statistical usage. In politics, it is often said, probably referring to supposed transfers of wealth from those with more to those who have less.
