The given statement is false.
A subfield of economics called macroeconomics focuses on aggregate units. It concentrates on factors such as total supply, demand, investment, national income, etc. Macroeconomics examines the overall level of prices.
The units of the individuals are the focus of microeconomics. It focuses on the behavior of various economic agents such as individual customers, companies, or specific markets. Microeconomics examines the level of individual prices.
In order to study the behavior of entire economies, macroeconomics looks at aggregate indicators like the general level of prices, the unemployment rate, and the production of the whole economy. Microeconomics is the study of market behavior.
Hence, the above statement is false.
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Answer:
D. All of these are correct
Explanation:
Because truly before starting a business, an entrepreneur should consider the professional sacrifices as competence and expertise is a key factor in building an excellent business. Entrepreneurs need to have the know-how of their business or better still get able hands to handle it for them.
Setting up a Business would require some financial commitment. One which many atimes might not be convenient especially at the kick-off of the business. It's would a season of continuous investment not necessarily a season for profit making.
Personal sacrifice would be heavily needed and hence must be considered. Before starting a business, you must consider the sleepless nights, forgone comfort, play time and certain discipline you must imbibe if growing the business is indeed what is desire.
Answer:
Financial account transactions are those that involve capital goods or purchases.
The Current account is for goods and services.
1. Australian company buys steel from a U.S. firm. -<u> Current Account. Payment from foreigners.</u>
This is a purchase of a good being steel and the payment was made by foreigners to a U.S. firm.
2. The Federal Reserve buys $2 billion worth of euros. <u>Financial Account. Payment to foreigners.</u>
This is a capital flow involving the purchase of another currency. It was done by paying foreigners.
3. Profits are earned by a U.S. based mining company operating in Mexico. <u>Current Account. Payment from foreigners.</u>
These profits were made from business operations offering goods and services so is for the current account. The profits was made from Mexico so is a Payment from foreigners.
4. An English company purchases a U.S. confectionery manufacturer. <u>Financial Account. Payment from Foreigners. </u>
The English company invested in owing the confectionery manufacturer so this is a capital transaction. It involved a foreign company paying a U.S. company so is a payment from foreigners.
Answer:
$255,000
Explanation:
Total excluding fixed overhead:
= Direct materials + Direct labor + Variable overhead
= $7 + $3 + ($210,000 ÷ 50,000)
= $7 + $3 + $4.2
= $14.2
Total cost per unit of finished goods = $19.3
Fixed overhead per unit:
= Total cost per unit of finished goods - Total excluding fixed overhead
= $19.3 - $14.2
= $5.1 per unit
Total fixed overhead:
= Units produced × Fixed overhead per unit
= 50,000 × $5.1
= $255,000
Answer:
.E. None of these.
Explanation:
Corporate strategy consists of the kinds of initiatives the company uses to establish business positions in different industries. All the descripted item are related to this.