A. On the demand curve graph, place the end points of the demand curve such that at a quantity of 2 the price is $8 per unit and

According to the quote by alice rivlin, if you have a rudimentary working knowledge of economic concepts, you will be?

krok68 [10]

According to the quote by Alice Rivlin, if you have a rudimentary working knowledge of economic concepts, you will be, Division of labor is a characteristic.

Division of labour, is the separation of a work manner into some of the duties, with each mission accomplished with the aid of a separate character or institution of humans. Its miles are most often carried out to systems of mass production and is one of the fundamental organizing standards of the assembly line.

A totally basic instance of a division of labor can be seen in food gathering. In early societies, guys would be the hunters, and girls and kids might put together the food and acquire berries. The concept changed in that it became a very simple department of labor to enable the quality use of different skill units.

The division of exertions will increase production and makes it greener by means of dividing the separate duties of creating an item among different people and thereby simplifying the job anybody should perform.

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4 0

1 year ago

The following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare a trial bal

Katyanochek1 [597]

Solution and explanantion

Answer for Q7 - Debit balance of $1,370

Cash has a debit normal balance.

Practically speaking the cash balance will be credit only if cash is negative which can never happen.

Answer for Q8 - Credit balance of $1500

All equity accounts have credit normal balance except withdrawal or dividend accounts.

Answer for Q9 - Credit balance of $770

All liabilities have credit normal balance.

Answer for Q10 - $5000

Working

Trial balance

Debit Credit

Cash $1,370.00

Accounts receivable $ 1,600.00

Office equipment $ 900.00

Benson withdrawal $ 500.00

Benson capital $ 1,500.00

Accounts payable $ 770.00

Salaries expense $ 630.00

Service revenue $ 2,730.00

$ 5,000.00 $ 5,000.00

6 0

3 years ago

Research from the 1970s to the 1990s found that over 90 percent of a fund's returns over time is explained by

tamaranim1 [39]

Answer: Asset allocation

Explanation:

Research from the 1970s to the 1990s found that over 90 percent of a fund's returns over time is explained by asset allocation.

It should be noted that asset allocation is simply referred to as an investment portfolio technique which balance risk through the division of assets among major categories like stocks, bonds, cash, real estate, and derivatives.

5 0

4 years ago

The U.S. Rice Millers’ Association claims that if the Japanese rice market were opened to imports by lowering tariffs, the resul

noname [10]

Answer: Protectionism

Explanation:

Protectionism occurs when the industries in a particular country are being protected from foreign competition by the government of that economy. Protectionism is done through the imposition of tariffs, quotas or total ban on the products of other countries.

In the question, the tariff on rice is an example of protectionism as the tariff will lead to an increase in the price of the foreign rice and the people will have to buy from the local rice suppliers. In this case, the local industry is protected.

7 0

3 years ago

Question 15(Multiple Choice Worth 4 points)

Sergeu [11.5K]

The reason why it is useful to create a yearly budget is that Certain expenses are variable, so it is impossible to budget them with a shorter timeframe.

<h3>What is a budget?</h3>

This can be defined as the estimation of the income that a person has and the expenditures they have over a period of time.

Budgets are useful because they help to match the expenditures such as cars and housing which can nit be taken care of by a weekly budget.