Answer:
If by 2030 China became, as current data estimates, the world's largest economy, this would mean a series of global changes in macroeconomic matters: A) for the world trade system, China would become the main exporter given its huge population (estimated at 1.6 billion people) added to its economic capacity, which would flood the world markets with manufactured products in this country, increasing the fiscal surplus and employment for its inhabitants; furthermore, it would relegate many nations to being secondary producers; B) the monetary system would watch the emergence of the Renmimbi as a new reference currency, displacing the dollar and the euro from the center of the scene; C) Commodity prices would be determined according to the consumption and production needs of China, with which the products demanded in this country will have high value.
MUx / MUy = Px / Py is the right answer
Answer:
a. H0 : U ≥ 15
Ha : U < 15
b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.
c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.
Explanation:
Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.
Type I error is one in which we reject a true null hypothesis.
Type II error is one in which we fail to reject the null hypothesis that is actually false.
The statements that explain how the accounting equation applies to business are:
- The equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners.
- The equation applies to all monetary business transactions.
- The relation of assets, liabilities and equity is reflected in the equation.
- The equation states that Assets = Liabilities +Equity
<h3>How does the accounting equation apply in business?</h3>
The accounting equation is given as:
Assets = Equity + Liability
This shows that everything that a business owns (assets) is only acquired thanks to the amounts that the owners ( equity) and creditors (liability) give.
It also shows how assets, liabilities and equity are related and therefore applies to all the monetary transactions in the business as it shows how the cash is affected when it is spent or received.
Find out more on the accounting equation at brainly.com/question/24401217
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Answer:
b. an admission in court.
Explanation:
An admission in the law of evidence is a prior statement by an adverse party which can be admitted into evidence over a hearsay objection. In general, admissions are admissible in criminal and civil cases
