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Mrac [35]
3 years ago
15

Which of the following is NOT a benefit of specialization and trade? Select one: a. Increase in productivity from specialization

of knowledge b. It creates equality throughout society c. It makes people better off when preferences differ d. Increase in productivity from specialization based on comparative advantages
Business
1 answer:
lbvjy [14]3 years ago
3 0

Answer:

b. It creates equality throughout society

Explanation:

Specialisation & Trade refer to tendency of countries to produce goods of their specialisation & trade them with each other , rather than each country producing each good.

It leads to increase in productivity from knowledge specialisation, based on advantage (absolute, comparative) based production. It also makes people better off, increase in welfare due to choice expansion among differing preferences.

However, it is not in anyways connected to equality throughout society.

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According to liquidity preference theory, money supply and money demand are balanced by adjustments of
givi [52]

Answer:

Nominal Interest rate

Explanation:

According to liquidity preference theory, money supply and money demand are balanced by adjustments of Nominal Interest rate. Suppose you have some money, you will decide to either keep it in cash or in the bank. If you keep the money in cash, the opportunity cost of keeping in cash is the interest rate earned if you would have kept the money in the bank. Bank offers the nominal interest rates and not the real interest rates. Bank rates are not adjusted for inflation. So if the interest rate on money increases the opportunity cost of holding money in cash increases. If money supply in the economy increases the demand for money will increase only by reducing the interest rate because then only people fir hold cash and demand higher money.  So, money supply and money demand are balanced by adjustments of the Nominal Interest rate.

5 0
3 years ago
Are unemployment taxes based on wages of an employers payment history?
Eddi Din [679]
No.hard or long process to receive unemployment benefits, in Illinois, it takes up 2 8 weeks to receive benefits..mostly they judge unimploy. on hours worked for that year 2 date.
6 0
3 years ago
Consider the following accounting terms and definitions and match each term to the definition: Accounting a. an economic resourc
spayn [35]
<h2><u>Answer:  </u></h2>

<u>Accounting</u>:

The basic tool of accounting, stated as asset=liabilities + equity (e)  

<u>Asset:</u>

An economic resource that is expected to be of benefit in the future (a)

<u>Balance sheet:</u>

Reports on an entity’s assets, liabilities, and stockholders’ equity as of a specific date (I)

<u>Expense:</u>

Decreases in equity that occur in the course of selling goods/services (f)

<u>Income statement:</u>

Reports on an entity’s revenues, expenses, and net income or loss for the period (j)

<u>Liability:</u>

Debts that are owed to creditors (b)

<u>Net income:</u>

Excess of total revenues over total expense (d)

<u>Net loss:</u>

Excess of total expense over total revenues (c)  

<u>Revenue:</u>

Increase in equity that occur in the course of selling goods/services (g)

<u>Statement of cash flow:</u>

Reports on a business’s cash receipts and cash payments during a period (h)

<u>Statement of retrained earning:</u>

Reports how the company’s retained earnings balance changes from the beginning to the end of the period (k)


8 0
3 years ago
Read 2 more answers
Primo Industries collected $105,000 from customers in 2019. Of the amount collected, $25,000 was for services performed in 2018.
bearhunter [10]

Answer:

a. $33,000.

b. $36,000.

Explanation:

Net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is also called net earnings.

Now, Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it's earned, and expenses when they're billed (but not paid).

a. 2014 Cash-basis net income:

Primo Industries collected $105,000 from customers in 2019

Primo Industries also paid $72,000 for expenses in 2019

=105,000-72,000

=$33,000

b. 2014 accrual-basis net income.

=(105,000-25000+40000)-(72000-30000+42000)

=120000-84000

=$36,000

5 0
3 years ago
Although some gains have been made in reducing the rate of malnourishment in some lower-income nations, about __________ people
ValentinkaMS [17]

Answer:

1 billion

Explanation:

According to the World bank, about 1 billion people are malnourished around the world despite its efforts to reduce the rate of malnourishment in some lower-income nations. A larger percentage of this 1 billion malnourished people are in the Asian and Pacific continents; rather large percentage of about 60-65 percent.

I hope this helps.

6 0
3 years ago
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