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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The (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
<h3>
What is the Robinson-Patman act?</h3>
- The Robinson-Patman Act is a federal statute that was created in 1936 to make pricing discrimination illegal.
- The Robinson-Patman Act amends the Clayton Antitrust Act of 1914 in order to prohibit "unfair" competition.
- The Robinson-Patman Act is a federal statute that prohibits pricing discrimination.
- The law prohibits wholesalers from charging varying pricing to different merchants.
- The act only applies to interstate commerce and includes an exemption for "cooperative associations."
- Economists and legal scholars have strongly opposed the measure on a variety of grounds.
Therefore, the (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
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Complete question:
The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Multiple Choice
(A) Federal Trade Commission Act
(B) Wheeler-Lea amendment
(C) Gramm-Rudman-Hollings Act
(D) Robinson-Patman act
(E) Free Exercise Act
Answer:
C) 0.5 USD
Explanation:
Swap is an arrangement in which two parties exchange their interest rates for mutual benefit. One party may receive fixed rate and other will receive floating rate based on LIBOR. In the given scenario the swap agreement was originated when the LIBIOR was 3%. The fixed rate was set to be at 4% so the net gain at the time of inception was 1%. When LIBOR increased after six month the net gain declined to only 0.5%.
Answer: d. inflation will increase.
Explanation:
The Natural rate of unemployment is the long term rate of unemployment which means that it is the rate associated with the Potential GDP.
If the Actual unemployment is less than this natural rate, it means that the Economy is performing better than the potential GDP. When this is happening, it means that the economy is overheating.
One of the symptoms of an overheated economy is increased inflation as more people can afford to buy goods and services. Inflation is therefore more probably rising in this economy.
Answer:
The correct Answer is B.
The seller is likely to recognize interest revenue.
Explanation:
What is interest revenue?
Interest revenue is the earnings that an entity receives from any investments it makes, or on debt it owns.
The Logic here posits that for every money invested or loaned out, some interest should accrue. The goods which have been taken delivery of to the buyer becomes a debt which normally should be paid with no strings attached.
However, because of the term in the contract which stipulates, that the payment will be made after 15 months, the concept of the <em>Time Value of Money</em> which is the bedrock of the Principle of Interest Revenue engages.
The Time Value of Money is a basic financial concept that holds that money in the present is worth more than the same sum of money to be received in the future. This is true because money that you have right now can be invested and earn a return, thus creating a larger amount of money in the future.
It therefore follows that if a party in a business transaction is being asked to forfeit the time value of money then it ought to be compensated for such, hence Interest Revenue.
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