Answer: Deficit
Explanation:
The current account shows the difference between imports and exports as well as net income from outside.
If this balance is zero, it means that imports are equal to exports and income sent abroad equals income recovered from abroad.
If real income in the US was to increase, people would demand more goods and services including more imports. This will shift the current account to a deficit as the imports will surpass the exports.
Answer:
Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own
The basis of Tobin's land was stepped up or down to the fair market value, and that value was $3,00,000.
<h3>What is inherited property?</h3>
When a death happens in a year, the ground of the property is travelled up or downbound to the fair market value on the day of death if there is an inheritance case.
The process of property to a successor or heirs upon the death of the owner, often known as succession. The term “inheritance” besides refers to the property.
Tobin has inherited a property from his father, that died in the present year, and the sightly market value on the date of death, according to the federal estate tax return, is $3,00,000. Tobin's basis in land is $3,00,000.
Learn more about the Federal estate, refer to:
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Answer:
Tt is highly productive in reducing the costs to produce a product.
it is highly productive in producing a highly valued commodity.
Explanation:
A product has derived demand If its demand is dependent on the demand for other products.
For example, there would be no need to demand for labour if no one demands for goods.
The derived demand for a good will increase if it reduces the price of the product and if it is important in the production of a good
The answer is: by cheap foreign labor
Currently, most of the corporations that operates in america manufacture their products in countries such as China, india, indonesia, phillipines, or Eastern European countries.
People who live in those countries typically have lower standard of living. Because of this, they can agree in receiving salary that are considerably lower compared to the minimum wage in united states.