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3 years ago

Supporters of free trade argue that it creates which economic benefit?

Business

2 answers:

Zepler [3.9K]3 years ago

7 0

Answer:

C. Increasing efficiency by allowing for greater specialization

Explanation:

A free economy is one where the forces of demand and supply determine production and consumption. The government or the central authority does not interfere with economic activities in a free economy.

In a free economy, the factors of production are held by the private sector. There is increased business competition as entrepreneurs have the freedom to open a business of their choice. Buyers have the liberty to buy from their preferred suppliers. Businesses are profit-motivated, which forces entrepreneurs to be creative and innovative to win customers and make more sales. They have to specialize and increase their efficiency to be more competitive.

Margaret [11]3 years ago

5 0

Answer:

Explanation:

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Pina Colada Furniture factors $670000 of receivables to Sheffield Factors, Inc. Sheffield Factors assesses a 2% service charge o

Reika [66]

Answer and Explanation:

The journal entry is shown below;

Cash $656,600

Factoring charges (2% of $670,000) $13,400

To Trade Receivables $670,000

(Being recording these receivables)

Here cash and factory charges is debited as it increased the assets and expense while the trade receivable is credited as decreased the assets

3 0

3 years ago

When selecting a savings account, you should consider the interest threshold.<br> O True<br> O False

ElenaW [278]

True. You should consider the interest threshold while selecting a savings account.

Interest thresholds are the maximum amount that you can keep in your savings account, also referred to as the threshold limit. This means that it is important to choose an account that holds the threshold at an amount that is convenient and suitable to your needs.

The other criteria that need to be taken into account while choosing a savings account are:

fees and penalties
lowest balance
interest rates and interest caps
fluctuating interest rates
(APY) annual percentage yield
(APR)

Simple financial transactions are one benefit of a savings account, as well as interest payments, ATM and debit card services, chequebook and passbook services, net banking and mobile banking, and a minimum average balance.

Learn more about a savings account here: brainly.com/question/4089097

8 0

1 year ago

In the Office of Personnel Management's case, the security breach made many people vulnerable to this: a. Loss of personal prope

KATRIN_1 [288]

C) Identity Theft

If you look at the news when security breaches happen there’s often a very high risk of identity theft to those affected

5 0

3 years ago

1. If money is deposited in a bank that pay's simple interest of 4.5 %, bow much will have to be deposited to earn $90 of intere

TiliK225 [7]

The amount of 3000 will have to be deposited to earn $90 of interest for 8 months, if money is deposited in a bank that pay's simple interest of 4.5%.

Explanation:

The given is,

Simple interest of 4.5 %

Earn $90 of interest for 8 months

Step:1

Formula to calculate the simple interest method,

$F=P(1+iN)$ ...................................(1)

Where,

F - Future amount

P - Initial investment

i - Rate of interest

N - Number of years

From given,

i - 4.5%

Let, X - Initial investment, P = X

F = P + Interest amount

F = X + 90

From the equation (1),

$(X+90)=X(1+(0.045)(0.667))$

(∵ N = 8 months = $\frac{8}{12}$ = 0.667 year )

$(X+90)=X(1+(0.03))$

$(X+90)=X(10.03)$

$(X+90)=1.03 X$

$90=1.03X-X$

$90=0.03X$

$= \frac{90}{0.03}$

= 3000

P = X = $ 3000

From the X value.

F = P + 90

= 3000 + 90

F = $ 3090

Result:

The amount of 3000 will have to be deposited to earn $90 of interest for 8 months, if money is deposited in a bank that pay's simple interest of 4.5%.

4 0

3 years ago

What are the aspects of production?

Solnce55 [7]

Answer:

In production management, there are some important aspects that must be done in order to truly produce a good quality product in the form of goods or services.

The type of goods manufactured.

Quality goods.

The amount of goods.

Raw material.

And production control.

Explanation:

6 0

3 years ago

Read 2 more answers