Try adding the first two numbers together then divide
Answer:
a. It allowed freer trade opportunities for the United States, Canada, and Mexico.
Explanation:
NAFTA is North American Free Trade Agreement.
NAFTA is a trade agreement that was formed to encourage increased economic activity among the three countries in North America. The deal came into force on January 01, 1994. It involved the countries of Canada, Mexico and the United States of America.
The formation of NAFTA created the second-largest free trade area in the world in geographic coverage. Its purpose is to encourage trade corporation in the region. To achieve that, NAFTA proposed a reduction or elimination of tariffs, particularly those related to the automobile, agriculture and textile industries. The tariffs were gradually phased out between Jan 1. 1994 and Jan 1. 2008
Answer:
It increased the reward of land and reduced the reward of labour.
c
Explanation:
Migration can be described as the movement from one country or region to another country or region.
Migration of labour from Europe to the United States would increase the supply of labour in the United States and reduce the supply of labour in Europe.
As a result of the increase in supply of labour , there would be a decrease in the wages paid to labour.
Also, due to increase in labour in the US, the demand for land would increase. Land would be needed for either economic activities or housing. the increase in demand for land which would outstrip the supply for land would lead to an increase in the price of land
As a result of the migration of labour from Fiji to Australia ,
- the rent of land in Fiji would fall due to decreased demand
- the wages paid to labour in Australia would fall due to an increase in the supply of labour
- the wages paid in Fiji would increase because there would be a fall in the supply of labour
Answer:
$1560
Explanation:
The inventory in hand is 35 units and the total number of units are 120 units which means the units sold are 85. According to First in First Out method, the total units that are sold first are 30 units at the rate $19 per unit and 55 units at the rate $18 per unit.
This means:
Inventory sold = $19*30 + $18*55 = $1560
So the amount allocated to cost of goods sold is $1560.
