Answer:
Economic integration
Economic integration is the unification of economic policies between different states, through the partial or full abolition of tariff and non-tariff restrictions on trade.
The trade-stimulation effects intended by means of economic integration are part of the contemporary economic Theory of the Second Best: where, in theory, the best option is free trade, with free competition and no trade barriers whatsoever. Free trade is treated as an idealistic option, and although realized within certain developed states, economic integration has been thought of as the "second best" option for global trade where barriers to full free trade exist.
Economic integration is meant in turn to lead to lower prices for distributors and consumers with the goal of increasing the level of welfare, while leading to an increase of economic productivity of the states.
Answer:
Option C is the correct answer.
<u>Debit Depletion Expense $1,358,500; credit Accumulated Depletion $1,358,500.</u>
Explanation:
Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access the deposit, which is estimated to contain 2,000,000 tons and is expected to take 5 years to extract. Compute the depletion expense for the first year assuming 418,000 tons were mined.
Depletion expense = ( Mineral Deposit Cost + Additional cost)/ Estimate Extraction * N0 of ton extracted in first year
Depletion expense = (5900000 + 600000)/2000000 * 418000
Depletion expense = $ 1,358,500
Answer and Explanation:
Old equipment=2.5 mins per serving bowl
New equipment=1.5 mins per serving bowl
With old equipment, in one hour Eddy Jones can produce 60/2.5= 24 serving bowls
With new equipment, in one hour Eddy Jones can produce 60/1.5= 40 serving bowls
With old equipment, in 8 hours Eddy Jones can produce 24*8=192 serving bowls
With new equipment, in 8 hours Eddy Jones can produce 40*8=320 serving bowls
Therefore in 8 hours with new equipment Eddy Jones will produce 320-192= 128 more serving bowls than with old equipment.
Answer:
Businesses borrow more money.
Consumption increases.
Explanation:
The Federal Reserve is the body responsible for conducting monetary policy in the US. Monetary policy basically consists of two actions. The increase / decrease in the money supply in the economy and the increase / decrease in the interest rate. These actions may happen together, but they are technically independent.
When the Federal Reserve increases the supply of money in circulation, more money is circulated through loans and personal spending. This is considered a policy of stimulating the economy and can be done independently of interest rate changes, although the reduction of interest is also a stimulus monetary policy that can be done in conjunction with the increase in the money supply.
Answer:
Planning Phase
Explanation:
Strategic marketing process deals with planning to develop and to implement operations so as to attain a competitive edge in the market over competitors.
The aspect of strategic management process that deals with conducting SWOT analysis is the planning phase it is the first phase and a very important phase in strategic marketing. It is the phase that assess the strength of the organisation, its weakness, its opportunity as well as the threat that it might face when trying to achieve its goals. This process requires an organisation to conduct a SWOT analysis, set marketing goals, determine how to manage the four p's among other things.
