If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country A has a(n): $2 billion trade surplus with country B.
<h3>What is long run market in business?</h3>
When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.
The term "long run" refers to a time frame during which all cost and production elements are movable. A business will eventually look for the production technology that will enable it to produce the necessary level of output for the least amount of money.
The long run is a theoretical concept in economics where all markets are in equilibrium, all prices have fully adjusted, and all quantities are in equilibrium. The short-run, where there are certain restrictions and markets are not completely in equilibrium, contrasts with the long-run.
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Answer:
The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.
Explanation:
The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.
And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.
Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.
To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.
<h3>What is meant by the maximization of income?</h3>
This can be defined as the capability of a given business or a company to earn the maximum profit that they would need in order to take care of the business in the lowest cost possible. It is the amount of money that is made from the business with the lowest inputs.
Hence we can say that To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.
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Explanation:
the present value stock prices is equal to the present value of all future dividends of company.
