Define the term and explain a situation that demonstrates the 'real world' application of each of the following. Make sure your real world example clearly demonstrates your understanding of each concept. Trade Deficit and Trade Surplus I do not need help with the definitions. I do need help with the real world example, but hoping someone can help me with simple examples so that I can try to understand the concepts more clearly. This is for understanding International Trade and Foreign Exchange.
Answers
In the context of International Trade and Foreign Exchange, a Trade Deficit occurs when a country imports more goods and services than it exports, while a Trade Surplus occurs when a country exports more than it imports.
A real-world example of a trade deficit can be seen in the United States. The US has been running a trade deficit for several decades, as it imports more goods than it exports. For instance, in 2020, the US trade deficit reached a record high of $678.7 billion.
This is due to various factors, such as a strong US dollar, which makes imports cheaper, and a high demand for foreign goods by American consumers.
The trade deficit can have negative impacts on the US economy, such as a decline in domestic manufacturing and job losses.
On the other hand, China is an example of a country that has been running a trade surplus for many years. In 2020, China's trade surplus reached a record high of $535 billion.
This is due to its competitive advantage in manufacturing and low labor costs, which has made its exports attractive to foreign consumers.
The trade surplus has allowed China to accumulate large foreign exchange reserves, which it can use to invest in its economy and increase its global influence.
Overall, understanding trade deficits and surpluses is important for analyzing a country's economic performance and its relationship with other countries in the global market.
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Related Questions
Which is a benefit of collaboration and teamwork?
A.It expands your social network and creates new connections.
B.It makes it more difficult to leave your current job.
C.It makes it easier to do your job since you can have other people do it.
D.It requires more work since you have to explain so much to other people.
Answers
Answer:
The Awnser Is A
Explanation:
It's the Best Awnser
When marketing managers analyze similar businesses and their strategies, they are considering the ______ environment.
Answers
There are different reasons for marketing. When marketing managers analyze similar businesses and their strategies, they are considering the competitive environment.
What is competitive environment ?In a perfectly competitive environment, a lot of small firms create similar products, and also a lot of consumers buy them.
The competitive environment is also known as a type of environment where firms compete within a specific market place in terms of the distribution channels, the level of promotion, etc.
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Hoi Chong Transport, Ltd. Operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 125,000 kilometres during a year, the average operating cost is 12.520 cents per kilometre. If a truck is driven only 90,000 kilometres during a year, the average operating cost increases to 16.5 cents per kilometre. (The Singapore dollar is the currency used in Singapore.)
Answers
Answer:
The total cost will be "$1,279,286.25".
Explanation:
The total cost at 125000 Km will be:
\(=125000\times 12.520\)
\(=1,565,000\) ($)
The total cost at 90000 Km will be:
\(=90000\times 16.5\)
\(=1,485,000\) ($)
The variable cost will be:
\(=\frac{(1,565,000 - 1,485,000)}{(125000 -90000) }\)
\(=2.28571\) ($)
Now,
Fixed cost = \(Total \ cost -variable \ c ost\)
= \(1,565,000 - 125000\times 2.28571\)
= \(1,279,286.25\) ($)
Includes any request or demand for money (such as a bill for medical services) that is submitted to the U.S. government or its contractor
Answers
The correct option which includes request or demand for money submitted to U.S. government or its contractors is : (d) Claim.
A Claim refers to a formal request or demand for payment, reimbursement, or compensation made to the U.S. government or its contractors. It can include various types of claims, such as medical bills or invoices for services rendered, reimbursement for expenses, or claims for damages.
Claims are generally governed by specific regulations and processes that define the requirements for submission, review, and potential payment by the government or its contractors.
The correct option is (d).
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The given question is incomplete, the complete question is
Includes any request or demand for money (such as a bill for medical services) that is submitted to the U.S. government or its contractors.
(a) Qui Tam
(b) Federal False Claims Act
(c) Health Car Fraud Statute
(d) Claim
(e) Intellectual Property
At year-end, a trial balance showed total credits exceeding total debits by $4,950. this difference could have been caused by:________
Answers
At year-end, a trial balance showed total credits exceeding total debits by $4,950. this difference could have been caused by The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550. Option D
This is further explained below.
What is a trial balance?Generally, A accounting worksheet is referred to as a trial balance when its purpose is to aggregate the balance of all ledgers into debit and credit account column totals that are equal to one another.
In conclusion, At the conclusion of the fiscal year, a trial balance revealed that the total credits were higher than the total debits by $4,950.
This disparity could have been brought about by the fact that the current balance of $5,500 in the Office Equipment account was recorded on the trial balance as a debit of $550. The D Option
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complete question
At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by:
Multiple Choice
A net income of $4,950.
The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550
As interest rates rise, the effect on aggregate demand is to Group of answer choices reduce consumer borrowing and consumption spending. increase consumer borrowing and saving. increase firm borrowing and investment spending.
Answers
As interest rates rise, the effect on aggregate demand is to reduce consumer borrowing and consumption spending. When interest rates increase, it becomes more expensive for consumers to borrow money.
This discourages them from taking out loans to make purchases, such as buying a car or a house, or using credit cards for everyday expenses. As a result, consumer borrowing decreases. Additionally, higher interest rates incentivize consumers to save their money instead of spending it, as they can earn more interest on their savings. This leads to a decrease in consumption spending, as consumers have less disposable income to spend on goods and services. Therefore, the correct answer is that as interest rates rise, the effect on aggregate demand is to reduce consumer borrowing and consumption spending.
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If I want to run a gun to see if it is stolen?
10-29
10-7
10-27
10-28
Answers
10-7 If I want to run a gun to see if it is stolen.
A gun is a ranged weapon designed to apply a capturing tube to release projectiles. The projectiles are normally solid, however also can be pressurized liquid, gas or maybe charged particles. Solid projectiles may be loose-flying or tethered. A big-caliber gun is also known as a cannon.
A gun is an everyday name for all firearms, or portable weapons that hearth projectiles supposed to kill. Portable firearms started around 1000 ad in China with the invention of gunpowder
The cause is squeezed, releasing the firing pin, which moves forward with remarkable pressure. The firing pin strikes the primer, inflicting it to explode.
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If an asset costs $140000 and is expected to have a $20000 salvage value at the end of its 10-year life, and generates annual net cash inflows of $20000 each year, the cash payback period is:_____.
Answers
If an asset costs $140000 and is expected to have a $20000 salvage value at the end of its 10-year life, and generates annual net cash inflows of $20000 each year, the cash payback period is 7 years.
To apply the coins payback technique, honestly divide the value of the capital improvement or funding with the aid of the brand new cash it's far expected to generate or store each year. This must give you a bring about years.
In simple terms, the payback length is calculated by using dividing the cost of the funding by way of the once-a-year coins going with the flow until the cumulative cash flow is effective, which is the payback year.
The payback period is expressed in years and fractions of years. for instance, if a corporation invests $300,000 in a new production line, and the manufacturing line then produces an advantageous cash drift of $ hundred,000 according to 12 months, then the payback length is three.zero years ($three hundred,000 preliminary investment ÷ $100,000 annual payback).
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You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads are 0: $27, 1: $30, 2: $32, 3: $35, 4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. a. For each customer load level beginning with 1, what is your average total cost? b. For each customer load level beginning with 1, what is your marginal cost? c. If you are compensated $9 per ride, what customer load would you want?
Answers
Answer and Explanation:
a and b. The average total cost and the marginal cost is shown below:
As we know that
Average cost is
= Total cost ÷ total number of customer loads
And, the Marginal cost is
= Additional total cost incurred for extra units generated
So based on this, the marginal cost and the average total cost are as follows
Customer load level Total cost Average cost Marginal cost
0 $27
1 $30 $30 ÷ 1 = 30 30 - 27 = 3
2 $32 $32 ÷ 2 = 16 32 - 30 = 2
3 $35 $35 ÷ 3 = 11.67 35 - 32 = 3
4 $38 $38 ÷ 4 = 9.5 38 - 35 = 3
5 $42 $42 ÷ 5 = 8.4 42 - 38 = 4
6 $48 $48 ÷ 6 = 8 48 - 42 = 6
7 $57 $57 ÷ 7 = 8.14 57 - 48 = 9
8 $68 $68 ÷ 8 = 8.5 68 - 57 = 11
c. Now the customer loan you want is
As we know that
Profit = Marginal revenue - marginal cost
And, as we can see that at marginal cost 9 we can load 7 customers so the 7 customers would be wanted
Which savings account will earn you the most money?
1.One that earns simple interest monthly.
2.One that compounds interest daily.
3.One that earns simple interest daily.
4.One that compounds interest monthly.
Answers
Answer:
one that earns simple interest daily
The savings account that earn you the most money is: 3.One that earns simple interest daily.
What is savings account?
Savings account is an account that enables you to save while you earn interest on the amount saved reason being that saving account is an interest earning account.
A saving account that gives you simple interest daily is the best as it will enable to accumulate more interest.
Therefore the savings account that earn you the most money is: 3.One that earns simple interest daily.
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Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet
Answers
Answer:
Deed
Explanation:
A deed, when duly signed, is a written legal document that confers some property rights to the holder. A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.
The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.
EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?
Answers
Six months: $180
One year: $360
You know your message will be given in the school auditorium to your peers
and adults, so you decide to adjust your message to be more formal. What
have you adapted your message for?
O A. Your environment
B. Your topic
O C. Your culture
O D. Your audience
SUBMIT
Answers
Answer:
D. Your audience
Explanation:
In this scenerio, you have changed the formality of your message based on whom you are delivering it to. The people that you are talking to are your audience. Your audience is an important part of your message. To make sure that your message is well recieved and understood, you shoud adapt your delievery of the message to the audience.
Jackie works as a sales rep for a company that produces and sells steel used in building construction. Jackie is in __________ sales. G2B B2C B2B C2C G2G
Answers
Answer:
B2B
Explanation:
B2B (business-to-business) is a marketing strategy that deals with meeting the needs of other businesses, by selling products or services to the organizations for resale to other consumers, used in production of goods or for the operation of an organisation.
Generally, a B2B (business-to-business) model focuses on facilitating sales transactions between businesses.
In this scenario, Jackie is employed to work as a sales rep for a company that is into the production and sales of steel used in building construction.
Hence, Jackie is in Business to business (B2B) sales.
mike is developing a business plan for a new type of bicycle cleat. he is interested in finding the point at which the costs of producing the cleat will equal the revenue earned from selling the product. mike is interested in finding the a. breakeven point. b. the sum of fixed costs. c. price elasticity. d. elasticity of demand. e. variable costs.
Answers
Mike is interested in finding the breakeven point.
What is the breakeven point?
The breakeven point (breakeven price) for a transaction or investment is calculated by dividing the market value of an asset by its initial cost. When both prices are the same, the breakeven point is attained.
In corporate accounting, the breakeven point is determined by dividing the entire fixed costs of production by the revenue per unit less the variable costs per unit. The costs that remain constant regardless of the number of units sold are referred to in this sense as fixed costs. The breakeven point is the production level where all product sales and all expenses are equal. Breakeven points can be applied in a variety of situations.
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What document is used to show the chronological sequence in which funds are received and disbursed by the sponsoring broker?
Answers
Answer: Journal
Explanation:
The document that is used to show the chronological sequence in which funds are received and disbursed by the sponsoring broker is regarded to as the journal.
The journal is the document that is used by an organization or a company which shows the running balance of a particular organization after there have been a disbursement or receipt.
if the mean is 32 and the median is 40 what would be value of mode
Answers
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
Define vocational training and vocation with examples.
Answers
Answer: If you're learning a skill that could lead to a specific job, like how to repair cars or how to be a chef, you're getting vocational training. Vocational means "related to a career." A vocation is a job or career, so something vocational is related to a specific kind of work. Vocational skills typically refers to occupations that you can learn with some basic training or on-the-job in lieu of a college degree. Electricians, truck drivers, hair stylists, medical records technicians and emergency medical technicians are some examples of occupations with vocational skills. Many trade schools focus on a specific career or industry. Types of vocational schools include:
Mechanical and automotive schools.
Business schools.
Culinary schools.
Art and design schools.
Cosmetology schools.
Education programs.
Health care schools.
Legal and criminal justice schools.
Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!!!! :D
(credit goes to Indeed.com Vocational training.)
When a securities firm acts as a(n) ____, it makes a market in specific securities by maintaining an inventory of those securities.
Answers
Answer:
The correct approach is "dealer".
Explanation:
Dealers would provide money supply to financial products whilst also trying to establishing a working capital of those that have been exchanged at a small concentration. By mobilizing savings, dealers generate more money out of the expansion respectively bids and start questioning for quotes. To make profits, individuals consider purchasing lesser at either the contract offer, as well as take revenue at either the request and then, have a high turnover.If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars to the seminar, and make a 100-mile round trip from your office. If two drivers are reimbursed 37.5 cents per mile, what is the cost for the seminar?
Answers
Answer: $825
Explanation:
Total seminar cost for the team;
= 150 * 5 people
= $750
Two cars need to be driven the 100-mile round trip at 37.5 cents per mile.
= 2 * 100 * 37.5
= 7,500 cents
= $75
Cost of Seminar = 750 + 75 = $825
Karan has just been offered the position of a store manager. He has observed that his store has been facing a problem of shrinkage in the past months. How can Karan take responsibility for controlling shrinkage?
A.
ensuring the availability of sufficient merchandise at the store
B.
ensuring available stock via a computerized inventory tally
C.
evaluating the average sales per month
D.
informing the head office about store operations
E.
evaluating the performance of staff at the store
Answers
Answer: c
As store shrinkage is the loss of inventory that can be attributed to factors such as employee theft, shoplifting, administrative error, vendor fraud, damage, and cashier error, Karan would have to make sure there is enough products and keep track of the sales/stocks. Thus, I believe that it would be c, so Karan can keep track of the monthly sales. Feel free to let me know if I'm wrong!
Answer:
C.
Explanation:
Evaluating the average sales per month
Review a few of the major employment categories below. In order
to reference the pay series and grade from the GS Rating System,
in which category does the Government Publishing Office
belong?
0100 - Social Science, Psychology, and Welfare Group
0200 Human Resources Management Group
0500 - Accounting and Budget Group
1200 Copyright, Patent, and Trademark Group
1000 Information and Arts Group/2200 - Information Technology Group
1700 - Education Group/0900 - Legal and Kindred Group
1900-Quality Assurance, Inspection, and Grading Group/
Answers
Employees who work on contract basis but are not paid by firm are known as independent contractors. Being independent allow opportunity to create special schedule and do tasks at speed that works.
What is a contract?A written agreement between two or more parties that specifies each party's particular, legally binding rights and obligations is known as a contract. The principle that promises made in a contract must be maintained serves as the cornerstone of contract law, the branch of the law that deals with obligations resulting from contracts. In order for a contract to be valid, common law jurisdictions frequently require consideration to be included in it, whereas civil law jurisdictions and the majority of mixed-law countries only need a meeting of the minds between the parties. Within the broad category of civil law jurisdictions, there are many different varieties of contract law, each with its own special standards: the distinct notion of abstraction, which is a defining feature of German tradition.
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Which examples demonstrate common Production work environments? Check all that apply.
Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.
((answer: A, B, E))
Answers
Answer:
The answer is A,B,E
Explanation:
Jus took the test and got a 100
The examples that demonstrate common production work environment are:
Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshopWhat is Production work environment?Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.
The above means that production work environment is where people carry out assembling work, production work, etc.
Hence, the examples that demonstrate common production work environment are:
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Question 1 of 9
Which of these criteria make a person a good cosigner?
O They rent an apartment
O They pay their bills late
O They have a steady job
O They have many debts
Answers
The criterion that makes a person a good cosigner is that they have a steady job. The correct option is C.
A cosigner is someone who signs a loan or credit application with another person, typically someone with a weaker credit history or financial situation, to help them qualify for the loan or credit. The cosigner is responsible for the debt if the primary borrower fails to make payments.
Having a steady job indicates that the cosigner has a reliable source of income, which is an important factor in the lender's decision-making process.
Thus, the ideal selection is option C.
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Millennials number around 83 million and represent a huge business opportunity in the United States. What is a defining feature of the millennials?
Answers
Which of the following is a method of accessing the money in your checking account?
Answers
Paying for goods with a debit card at the register method of accessing the money in your checking account.
To access their money, they can use ATMs, checks, or electronic debit or credit cards linked to their accounts. Don't worry, you have a lot of simple options to choose from. Use an ATM. If your bank account is connected to a debit card or ATM (Automated Teller Machine) card, you can withdraw cash there. Write a check for cash, make a cash withdrawal slip, and connect your account to a peer-to-peer payment service. When a debit is made, money is taken out of your bank account. Due to the fact that a credit adds money to your account, it is the opposite of a debit. Your account is debited frequently.
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Integrated Marketing Communication involves coordinating only paid personal communications. True False
Answers
it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.
A paid personal communications entails the communication channel which requires payment such as advertisement.
An Integrated Marketing Communication entails integrated marketing elements which helps to communicate with the customers.
The element of Integrated Marketing Communication includes:
public relationssocial mediaaudience analyticsadvertising etc
In conclusion, it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.
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When prices are falling, economists say that there is? A. deflation. B. an inverted inflation. C. disinflation. D. a contraction.
Answers
Deflation is the term used by economists to describe a drop in prices.
What happens when prices drop?When prices are falling, customers put off making purchases in order to wait for further price reductions. As a result, there will be a decline in producer income, economic activity, and economic growth.
What is the phrase used when the economy is slowing down yet prices are still rising?Stagflation is the occurrence of low economic growth, high unemployment, and rising prices all at once. Stagflation, formerly thought to be inconceivable by economists, has regularly happened in the developed world since the 1970s.
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When prices are falling, economists refer to the situation as deflation. Consumers benefit from this widespread price drop since it gives them more purchasing power.
How can there be a deflation?Customers' purchasing power grows as costs for goods and services decline across the board in the economy. It is the opposite of inflationary and is occasionally seen as being bad for a nation since it can signal an economic downturn that could lead to a slump or depression.
Who benefits from deflation?Customers will temporarily profit from deflation because it will result in lower short-term prices for items. This increases the consumer's buying power while also allowing them to save more dollars.
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What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries? shifting consumer tastes overseas labor costs changing technologies aging populations.
Answers
Answer:c
Explanation:
A major factor in the decline of some occupations, such as those in the textiles and clothing industries is changing technologies. Thus option (C) is correct.
What is technology?Technology refers to the tools, systems, and processes that are designed and used to solve problems, improve efficiency, and facilitate communication and collaboration. It encompasses a wide range of fields and applications, from simple hand tools to advanced computer systems and software.
Technology has enabled advances in fields such as medicine, transportation, and energy, and has revolutionized industries such as entertainment, manufacturing, and finance.
The changing technologies is a major factor in the decline of some occupations, such as those in the textiles and clothing industries. Therefore, option (C) is correct.
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