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salantis [7]
3 years ago
10

Which are characteristics of a free market economic system?

Business
1 answer:
oksian1 [2.3K]3 years ago
4 0

Answer:

Jfhfbtj

Explanation:

Jf9fhyl dkknihbe

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Which of the following is an example of an import quota​? The United States​ _____ . A. puts a 10 percent tax on auto part impor
solong [7]

Answer:

The correct answer is letter "D": limits the quantity of auto parts the U.S. car makers may buy from China.

Explanation:

Quotas reflect the limits on the number of goods that can be imported into or exported from a nation over a certain period. Countries make use of quotas to protect domestic industries. By imposing a cap on imported foreign goods it limits the supply of those goods and keeps prices up so that domestic businesses can still sell their goods at a higher price.

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3 years ago
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3 years ago
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Eric and Sharaveen Rush filed a claim alleging violations of the Fair Credit Reporting Act arising out of an allegedly erroneous
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Answer:

Macy is liable. The Federal Trade Commission states that both the credit rating agency and Macy's are responsible for correcting the erroneous credit report. It is very hard to sue and win a credit rating agency because they will place the blame on the company that made the initial mistake (Macy's), but lately courts have accepted cases against the companies that cause all this mess.

Courts have lately ruled in favor people alleging that a bad credit report damaged them since a good credit rating is considered an intangible asset. The company that cause the mistakes are liable for any possible damages resulting from a poor credit rating.

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3 years ago
The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, while the
ValentinkaMS [17]

Answer:

The given statement is <u>False.</u>

A balance sheet is often described as a "snapshot of a company's financial condition.

7 0
3 years ago
At December 31, 2019, Sharon Lee Corporation reported current assets of $343,980 and current liabilities of $196,600. The follow
gtnhenbr [62]

Answer:

1.97 times

Explanation:

The formula to compute the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities

Current ratio before any adjustment is shown below:

So, current ratio = $343,980 ÷ 196,600 = 1.75 times

Current ratio after  adjustments are shown below:

Current assets = Before adjustment balance + goods purchased costing - physical count of inventory + freight-in charges

= $343,980 + $20,440 - 11,890 + 3,040

= $355,570

Current liabilities = Before adjustment balance - goods not received

                            = $196,600 - $15,950

                            = $180,650

So, the current ratio would be

= $355,570 ÷ $180,650

= 1.97 times

3 0
3 years ago
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