Answer: PPF (production–possibility frontier) is a graphical representation showing all the possible outcomes of output for products using all factors of production, where resources are fully and efficiently utilized. This frontier or curve shifts with varying inputs.
Explanation: The four factors would affect the curve thus;
1. An increase in average length of annual vacations would decrease the amount of labor available thereby the curve will- shift inward
2. An increase in immigration would
increase the amount of labor available resulting in the curve- shifting outward
3. A decrease in the average retirement age would decrease the amount of labor available and the curve will- shift inward
4. The immigration of skilled workers to other countries would decrease the amount of labor available and the curve will - shift inward
According to the economic entity concept acquired assets should be recorded at the amount actually paid rather than at the estimated market value.
<h3>What is
economic entity concept?</h3>
The economic entity principle is a fundamental accounting concept that requires businesses to be considered as distinct legal and financial entities. This means that all financial transactions involving the company should be kept separate from those involving the owner.
An economic entity is one of the assumptions made in generally accepted accounting standards in accounting. An economic entity can be almost any sort of organization or unit in society. Hospitals, businesses, towns, and government organizations are examples of economic entities.
A firm or organization and its owners are regarded separately in accounting. This is known as the entity idea. As a separate economic unit, the company stands apart from other organizations.
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Answer:
The Domestic Violence Act, the Criminal Law Amendment (Offences and Related Matters) Act and the Protection from Harassment Act, all offer notable protection for women and children.
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Answer: Macuahuitl
Explanation: The blades of the Aztecs swords, made of obsidian, were sharper than steel. They could behead a horse. The Aztecs called their obsidian-edged sword macuahuitl.