the arrangements between buyer and seller as to when payments for merchandise are to be made are called

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producin

My name is Ann [436]

Answer:

Will specializes in producing corns.

Explanation:

The law of comparative advantage dictates that a country should only produce that good, in which its opportunity cost is lowest among its trade partner countries. In this way, that country will specialize in the way in producing that thing. In the long run, due to the specialization, the productivity level of that country will increase which might be inform of more skilled labor or the development of new technologies that increase the production output. The increased productivity due to specialization leads to the increased output for that nation.

In case of corn, the country might specialize in producing corn, and might develop more skilled labor and more value added products from corn to increase the economic output of the country.

8 0

4 years ago

Name and describe three ways that companies can benefit from being ethical.

dalvyx [7]

Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
Better employee motivation and recruitment.

3 0

3 years ago

Which of the following statements is true regarding team composition?A) A team's performance is merely the summation of its indi

son4ous [18]

Answer: A

Explanation: Working in teams increases collaboration and allows brainstorming. As a result, more ideas are developed and productivity improves. Two or more people are always better than one for solving problems, finishing off difficult tasks and increasing creativity.Performance is merely the summation of each group member's individual contribution.The collective efforts of the members results in a level of performance greater than the sum of the individual parts .

4 0

3 years ago

Read 2 more answers

"once a firm is out of alignment, it does not mean that it has to stay that way."

Vinvika [58]

This statement is true.
If something is out of alignment, it means that something is not properly working - something is not aligned the way it is supposed to be. However, this of course doesn't mean that it has to stay that way forever - there are ways to bring the firm back into alignment.

5 0

3 years ago

Or each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance. Debit Effect

Varvara68 [4.7K]

Answer:

a) bonds payable

normal balance: credit debit decrease credit increase

b) unearned service revenue

normal balance: debit increase credit decrease

c) depreiciation expense

normal balance: debit increase credit decrease

d) common stock

normal balance: credit debit decrease credit increase

e) building

normal balance: debit increase credit decrease

f) rent revenue

normal balance: credit debit decrease credit increase

Explanation:

The reasons are in the acounting equation

assets = laibilities + Equity + revenues - expenses

the left side increase form debit

and the right side from credit

From there, we can conclude each account:

A) B) Are laibilities, obligation to the company an so, follow the rules for liabilities.

C) expenses they decrease equity, so they increase from debit and increase from

D) equity is on the left side

E) assets are the company's possesions. Increase from debit and decrease from credit

F) revenue increase equity so it beheaves like it.

8 0

4 years ago