red wing & co. sold goods with a market price of $150,000 on april 1. they accepted a note from shoreline inc. for $150,000 due in two years, with interest paid each year on april 1, bearing 8% interest. if 8% interest approximates the market rate of interest for this transaction, what journal entry should be recorded to record the sale (ignore cost of goods sold) when the sale takes place?
Answers
The journal entry to record the sale for Red Wing & Co. would be: Accounts Receivable: $150,000, Sales Revenue: $150,000
This is because Red Wing & Co. sold goods for $150,000 and accepted a note from Shoreline Inc. for the same amount, which is considered an account receivable.
The journal entry is recording the sale, which is the revenue earned by Red Wing & Co. The accounts receivable account is debited for the amount of the sale because the company is now owed $150,000 from Shoreline Inc. The sales revenue account is credited for the same amount to reflect the revenue earned by the company.
It is important to note that the cost of goods sold is ignored in this transaction as it is not relevant to the journal entry for the sale.
The 8% interest rate on the note is not considered in this journal entry as it will be recorded separately in future periods when interest payments are made.
In conclusion, the journal entry to record the sale for Red Wing & Co. is:
Accounts Receivable: $150,000
Sales Revenue: $150,000
This journal entry reflects the revenue earned by the company from the sale of goods and the account receivable created by accepting a note from Shoreline Inc.
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Related Questions
The manager of a large apartment complex knows from experience that 110 unis will be occupled if the rent is 400 dollars per month. A market survey suggests that, on the averago, one additional unit will remain vacant for each 1 dollar increase in rent. Similarly, one additional unit will be occupled for each 1 dollar decrease in rent. What rent should the managor charge to maximize revenue?
Answers
Given information: A market survey suggests that, on the average, one additional unit will remain vacant for each 1 dollar increase in rent Similarly, one additional unit will be occupied for each 1 dollar decrease in rent.
The manager of a large apartment complex knows from experience that 110 units will be occupied if the rent is 400 dollars per month. Formula for total revenue is,
\(Revenue = Price × Quantity\)
Let's find the total quantity, if the price is \($400\) Per dollar increase, one additional unit will remain vacant. So, for \(400+x rent\), \(400+x units\) will be occupied.\((110 units - x vacant units)\)
\(= 400 + x occupied units(400 + x) + (110 - x)\)
\(= 510 units will be occupied at 400 + x rent\)
Let's find the total quantity, if the price is \($399\) Per dollar decrease, one additional unit will be occupied. So, for \(399-x rent\), \(111+x units\) will be occupied. \((111 units + x occupied units)\)
\(= 399 - x vacant units(399 - x) + (111 + x)\)
\(= 510 units will be occupied at 399 - x rent\)
Now, we can write down the revenue equation for two different prices: When the price is \($400\),
\(Revenue = $400 × 110\)
\(= $44,000\) When the price is \($399\)
\(Revenue = $399 × 111\)
\(= $44,289\) As we can see, if the price is \($399\) then the total revenue is \($44,289\) which is more than the total revenue obtained at \($400\) rent.
Hence, to maximize revenue, the manager should charge \($399\) rent per month.
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emotional intelligence is important for and may spell the difference between effective and ineffective order-getting salespeople. multiple choice question. adaptive selling sales quotas key account management the workload method
Answers
Emotional intelligence is a crucial skill for effective adaptive selling, which is the ability of a salesperson to adapt their sales approach to fit the needs and preferences of the customer. The Correct option is A
Salespeople who possess high emotional intelligence can understand and manage their emotions, recognize the emotions of the customer, and use emotional information to build rapport and influence the buying decision. This ability to empathize and connect with the customer can make the difference between effective and ineffective order-getting salespeople.
Sales quotas, key account management, and the workload method are important concepts in sales, but emotional intelligence is particularly important for adaptive selling, as it allows salespeople to build long-term relationships based on trust and mutual understanding with their customers.
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Complete Question:
Which of the following sales-related concepts is emotional intelligence important for and may spell the difference between effective and ineffective order-getting salespeople?
a) Adaptive selling
b) Sales quotas
c) Key account management
d) The workload method
A student poll on your university web site for athletics asks, "how high do you think the basketball team will finish this year: 1st, 2nd, 3rd, 4th, or 5th?" an article posted a week later reports "students predict basketball team to finish within the top 5 out of 16 teams in the conference." what kind of manipulation occurred here?
Answers
Answer: Biased Scale Lie
Explanation:
A Biased scale lie occurs when research options are given in such a way that the results will be biased. It essentially positions the participants to give information in a certain way so that the results of the research/survey will come out how the researcher wanted.
Here the student poll organizers wanted the poll to reflect that they would be in the top 5 and so acted to make that happen by including no other positions outside the top 5 in the poll.
The CEO does not fully understand which are the options enabled by the dynamic allocation of resources. Which of the following paragraphs best describes them: O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. In case you need more (or less) computing power, the system adapts the resources of your virtual computer(s). It can also switch your virtual computer(s) to different computer centers in other locations. O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. In case you need more (or less) computing power, the system adapts the resources of your virtual computer(s). O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. In case you need more (or less) computing power, the system adapts the resources of your virtual computer(s). It can also switch your virtual computer(s) to different computer centers in other locations. Beside, it allows you to use different operating systems.
Answers
The paragraph that best describes the options enabled by dynamic allocation of resources is: "When you need computing power, you access the cloud and use some of the resources. When you do not need computing power, other companies will use it."
The selected paragraph accurately describes the options enabled by dynamic allocation of resources. It states that when computing power is required, users can access the cloud and utilize a portion of the available resources. However, when the computing power is not needed, those resources are made available to other companies or users. This concept highlights the flexibility and efficiency of resource allocation in the cloud. It ensures optimal utilization of resources, as they are dynamically allocated based on demand. The paragraph does not mention additional features like adapting resources, switching computer centers, or using different operating systems, so it focuses solely on the core concept of sharing and utilizing computing power as needed.
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The owner of an 8-story commercial building in Abu Dhabi has approached you for consultation of whether it is economically feasible to retrofit the building's central air conditioning system. The owner wants to cut in the yearly electricity expenses through installing 12 variable frequency drive (VFD) units to enhance the overall efficiency of the central A/C system. It is expected that the deployment of the VFD units will save up to 30% of the annual energy consumption of the A/C system. Using the information provided in the Table (below), calculate the following: a) The payback period (in years) using the simple (non-discounted) appraisal. b) The payback period (in years) using the discounted cash flow appraisal. Hint: assume a discounted rate of 12%
Answers
Unfortunately, without specific data on the initial investment and annual energy cost savings, I cannot provide the payback period using either the simple or discounted cash flow appraisal.
To determine the economic feasibility of retrofitting the central air conditioning system in the 8-story commercial building in Abu Dhabi, we can calculate the payback period using both simple (non-discounted) and discounted cash flow appraisals.
a) Payback Period (Simple Appraisal):
The payback period represents the time it takes for the initial investment to be recovered through cost savings. In this case, the installation of 12 variable frequency drive (VFD) units is expected to reduce the annual energy consumption of the A/C system by 30%.
To calculate the payback period, we need information on the initial investment and the annual energy cost savings. Unfortunately, the provided table is missing, and without specific data on these values, a precise calculation cannot be performed. However, I can guide you through the process if you can provide the required information.
b) Payback Period (Discounted Cash Flow Appraisal):
The discounted cash flow appraisal takes into account the time value of money by applying a discount rate to future cash flows. In this case, we'll assume a discount rate of 12%.
Again, without specific data on the initial investment and annual energy cost savings, it is not possible to calculate the payback period using the discounted cash flow appraisal. However, if you provide the required information, I can guide you through the calculation process.
In conclusion, to accurately assess the economic feasibility of retrofitting the building's central air conditioning system, we need detailed information on the initial investment, annual energy cost savings, and the current electricity expenses. With this information, we can calculate the payback period using both simple and discounted cash flow appraisals to determine the viability of the proposed retrofitting project.
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A client is managing diabetes with exercise and diet. The health care provider reviews the client’s most recent laboratory results: fasting blood glucose level at 80 mg/dL (4.44 mmol/L) and a hemoglobin A1C of 5% (0.05). Select the response that best identifies the client.
Answers
Answer:
The question is incomplete, below is the completed question:
A client is managing diabetes with exercise and diet. The health care provider reviews the client's most recent laboratory results: fasting blood glucose level at 80 mg/dL (4.44 mmol/L) and a hemoglobin A1C of 5% (0.05). Select the response that best identifies the client.
The client needs to modify the diet related to the low readings.
The client is at risk for developing hyperglycemia.
The client is achieving normal glycemic control.
The client is at risk for an insulin reaction.
Answer
The correct answer is:
The client is achieving normal glycemic control.
Explanation:
The two laboratory tests used to diagnose and monitor diabetes mellitus are fasting blood glucose and glycated hemoglobin ( Hemoglobin A1C)
The fasting blood sugar is the blood glucose level, tested after 8 - 12 hours of fasting, and the normal range is 63 - 108mgldL (3.5 - 6.0 mmol/L). The patients fasting blood glucose value is 80mg/dL (4.44mmol/L) hence it is within the normal range
Hemoglobin A1C is used to monitor glycemic control over a period of 6 - 8 weeks. The normal range is 4% - 5.6%. The patient's result is 5%, hence it is within the normal range.
overall, the patient has good glycemic control and should continue the exercise and diet regimen.
The phrase the customer is always right is most often associated with what term?
Answers
The phrase the customer is always right is most often associated with c) consumer sovereignty.
Many brands treated clients as if they lacked brain cells in the 1950s and 1960s, employing loud and abrasive voices and plainly inflated print. Ogilvy wanted to emphasize the importance of connecting with clients and treating them intelligently.
His beliefs mirrored a prevalent notion in the early 1900s: "The customer is always right."
This viewpoint was novel and significant at the time. Consider a world in which the consumer truly had some power. Today, thanks to social media, we live in a world where the customer may not always be correct in your opinion, but they are armed with social media and can use it against you.
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Correct question:
he phrase "the customer is always right" is most often associated with what term?
a) entrepreneurship
b) mixed economy
c) consumer sovereignty
d) regulatory government
the executives of great lakes medical center are writing a statement that explains their organization’s core purpose. great lakes medical center is at the strategic formulation step in strategic management.
Answers
Your organization's core purpose statement is a step of Strategic Objectives and Analysis. So the statement presented is False
Strategic management is a term to refers to the process of building a company. In it, all the necessary aspects such as objectives, the public, the market, the mission, among others, are analyzed. This process is generally divided into several steps. Each of the steps is explained below:
Strategic objectives and analysis: In this stage, all the external and internal analysis of the company is carried out to establish its principles.Strategic formulation: In this stage, the goals and objectives of the company are established based on the analysis of the previous stage.Strategic implementation: In this stage, everything that was planned in the previous stages begins.Evaluation and Strategic Control: In this stage, the operation and planning are evaluated and corrections are proposed to improve the weak aspects of the companyAccording to the above, Great Lakes Medical Center executives who are writing a document to explain the central purpose of their organization are in the Strategic Objectives and Analysis stage. So the correct answer is False.
Complete question:
The executives of great lakes medical center are writing a statement that explains their organization’s core purpose. Great lakes medical center is at the strategic formulation step in strategic management.
True
False
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· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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Question 5
If you are using data-driven decision-making, what action steps would you take? Select all that apply.
Answers
If you are using data-driven decision-making, the action steps you would take include collecting and analyzing data to identify trends and patterns. Here option A, B, C, and D are the correct answer.
Using data to inform and guide decision-making (option b), continuously monitoring and evaluating the effectiveness of decisions (option c), and making adjustments to decisions based on data analysis (option d). Options e, ignoring data and making decisions based on intuition, is not a step in data-driven decision-making.
Data-driven decision-making involves using data to make informed decisions. By collecting and analyzing data, you can identify trends and patterns that can help guide your decision-making. Continuously monitoring and evaluating the effectiveness of your decisions allows you to make adjustments based on data analysis. This approach helps ensure that your decisions are based on evidence rather than intuition.
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Complete question:
If you are using data-driven decision-making, what action steps would you take? Select all that apply.
a. Collect and analyze data to identify trends and patterns.
b. Use data to inform and guide decision-making.
c. Continuously monitor and evaluate the effectiveness of decisions. d. Make adjustments to decisions based on data analysis.
e. Ignore data and make decisions based on intuition.
what three variables determine how much interest a person could earn from a savings account?
Answers
your current financial health, payment history, and debt obligations before
Sunland company has gathered the following information concerning one model of shoe: variable manufacturing costs $45000 variable selling and administrative costs $20000 fixed manufacturing costs $160000 fixed selling and administrative costs $120000 investment $1700000 roi 30% planned production and sales 5000 pairs what is the total cost per pair of shoes
Answers
total cost per pair of shoes for Sunland company is $69.
To calculate the total cost per pair of shoes for Sunland company, we need to consider both variable and fixed costs. The formula for total cost per pair is:
Total Cost per Pair = (Variable Manufacturing Costs + Variable Selling and Admin Costs + Fixed Manufacturing Costs + Fixed Selling and Admin Costs) / Planned Production and Sales
Plugging in the given values:
Total Cost per Pair = ($45,000 + $20,000 + $160,000 + $120,000) / 5,000 pairs
Total Cost per Pair = ($345,000) / 5,000 pairs
Total Cost per Pair = $69
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which unit in the job analysis process is the smallest
Answers
In the job analysis process, the smallest unit is called the task. Job analysis is defined as a systematic process that is used to gather and analyze information related to job functions and requirements.
The process helps in defining the job responsibilities, requirements, and qualification of a job. Task, duties, and responsibilities are identified in job analysis process. It also identifies the knowledge, skills, abilities, and other requirements necessary for the job. There are different types of job analysis methods, such as task-oriented, competency-based, and person-oriented.
Job analysis is essential for organizations for various reasons, including recruitment, selection, training, performance appraisal, and compliance with legal requirements. In short, the job analysis process identifies what a job requires, what an employee needs to perform the job, and what work output is expected.
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Bob and Suzie are both signing a contract where Bob agrees to remove a beehive and Suzie agrees to pay Bob $120. 0. What is the consideration in this example? a. Beehive removal b. Payment of $120. 00 c. Both the removal of a beehive and the payment of $120. 00 d. Neither the beehive removal nor the payment of $120. 0.
Answers
The contract is defined as an agreement enforceable by law. Consideration is the promise made by the other party. The promise of one party is the consideration for the other party. Both the parties promise each other to perform their obligation in exchange for the consideration.
What is an agreement?Agreement is every set of promises which results in the formation of consideration for each other. Their are always two parties to a contract and every party must perform its obligation which is the consideration for the other party.
Bob agreed to remove beehive , him removing the beehive is the consideration for Suzie. Suzie promised to pay $120 for removal of beehive is the consideration for Bob.
Therefore, the consideration in this example will be "Both the removal of a beehive and the payment of $120.00" OPTION C is correct regarding the problem.
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In order to stay ahead of the competition, the trait needed by entrepreneurs is
risk-taker
energetic
honesty
independence
Answers
Answer: Risk taking
Explanation:
In business, many entrepreneurs do the basic but just a few do something exceptional that keeps them too of their league, and that exceptional thing is taking risk. Risk taking would separate outstanding success from basic success. Not everyone has the ability to give in to risk taking as many would want the basic or the normal. But taking risk would definitely put you above the basic and give the entrepreneur exceptional results.
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
In 2016 based on people ages 15-74 the Swedish adult non-institutionalized population was about 7. 3 million, the labor force was 5. 2 million, and the number of people employed was 4. 8 million. According to these numbers, the Swedish labor force participation rate and unemployment rate were about
a. 71. 2% and 7. 7%
b. 71. 2% and 5. 5%
c. 65. 8% and 7. 7%
d. 65. 8% and 5. 5%
Answers
According to these numbers, the Swedish labor force participation rate and unemployment rate were about option a: 71.2% and 7.7%.
To calculate the labor force participation rate and unemployment rate, we need to use the following formulas:
Labor Force Participation Rate = (Labor Force / Adult Non-Institutionalized Population) * 100
Unemployment Rate = (Unemployed / Labor Force) * 100
Given the information provided:
Adult Non-Institutionalized Population = 7.3 million
Labor Force = 5.2 million
Number of People Employed = 4.8 million
Using the formulas above, we can calculate the rates:
Labor Force Participation Rate = (5.2 million / 7.3 million) * 100 = 71.23%
To calculate the number of unemployed people, we subtract the number of employed people from the labor force:
Unemployed = Labor Force - Number of People Employed
Unemployed = 5.2 million - 4.8 million = 0.4 million
Unemployment Rate = (0.4 million / 5.2 million) * 100 = 7.69%
Rounding these values to one decimal place, we find that the labor force participation rate is approximately 71.2% and the unemployment rate is approximately 7.7%.
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Trinity Ltd. wants to obtain debt financing to fund its expansion. What are the different sources from which it can raise this fund?
A. common stock and commercial banks
B. common stock and insurance companies
C. stock brokerage firms and insurance companies
D. preferred stock and stock brokerage firms
Answers
Answer:
The correct answer is C.) Stock Brokerage Firms and Insurance Companies
Explanation:
Hope this helps :)
Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.
Answers
Answer: $2.78
Explanation:
Average variable cost is calculated by dividing the total variable cost of producing a certain number of units of a good by that same number of units.
Average variable cost = Variable cost of producing 18 sneakers / 18
= 50 / 18
= 2.7778
= $2.78
I don’t understand this and need help
Answers
Why do you think flexibility is one of the most neglected component of the health related components? How have you been improving this area? What are your plans to continue improving? please dont give general information and answer this as personal matter.
Answers
Flexibility is often neglected in the realm of health-related components due to various reasons. One possible reason is that it is not as tangible or easily measurable as other components such as strength or cardiovascular fitness.
Flexibility exercises may not provide immediate or apparent benefits, making them less appealing to individuals seeking quick results. Moreover, some people may not fully understand the importance of flexibility or be aware of the potential risks associated with poor flexibility.
Incorporating activities like yoga, Pilates, or dedicated stretching routines can enhance overall flexibility. Regular participation in activities that promote range of motion, such as dance or martial arts, can also contribute to improved flexibility. Gradually increasing the intensity and duration of stretching exercises over time can help individuals progress in their flexibility goals.
To continue improving flexibility, it is crucial to prioritize and integrate flexibility exercises into a regular fitness routine. Setting specific goals related to flexibility and tracking progress can provide motivation and a sense of achievement. Exploring different types of stretching and flexibility training methods can add variety and keep the routine engaging. Additionally, seeking guidance from a qualified fitness professional or physical therapist can help customize an effective flexibility program based on individual needs and limitations.
Remember, it is always advisable to consult with a healthcare professional before starting any new exercise or flexibility regimen, especially if there are pre-existing health conditions or concerns.
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What happens when the price of a good increases? The quantity of goods that are produced increases. The producer of the good is certain to make less money. The quantity of goods that are produced decreases. The quantity of goods that are produced stays about the sam
Answers
what conditions must be met in order for an aqueous solution to be called ""neutral""?
Answers
In order for an aqueous solution to be called "neutral", it must have a pH of 7. This means that the concentration of hydrogen ions (H+) and hydroxide ions (OH-) in the solution are equal.
In order for an aqueous solution to be called "neutral," the following conditions must be met:
1. The solution must be an "aqueous solution," which means that it is a mixture of a solute (typically a salt, acid, or base) dissolved in water as the solvent.
2. The solution must have a pH level of 7. This is because a pH level of 7 indicates that the concentration of hydrogen ions (H+) and hydroxide ions (OH-) is equal, creating a balance between acidic and basic properties.
To summarize, an aqueous solution is considered neutral when it has a pH level of 7, indicating a balanced concentration of hydrogen and hydroxide ions. This condition indicates that the solution is neither acidic nor basic.
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1. According to this supply curve, 400 movie videos will be supplied at what price?
a. $12
b. $16
c.$14
d.$10
Answers
According to this supply curve, 400 movie videos will be supplied at what price 12 dollars.
What is a supply curve?A supply curve is a graphical representation of the relationship between the quantity of a good or service that a producer is willing to sell and the price at which they are willing to sell it. The curve is upward sloping, which means that as the price of a good or service increases, the quantity supplied by producers will also increase.
The opposite is also true, as the price of a good or service decreases the quantity supplied by producers will decrease. It is assumed that all other factors (technology, input prices, taxes and subsidies etc.) that affect production remain constant.
The position of the supply curve can also change depending on these factors. The supply curve is a fundamental concept in microeconomics, it is used to analyze market behavior and the determination of prices in a market.
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Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make 25% on each car sale. What is Sherry's selling price?.
Answers
The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $75,000.
What is the selling price?The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.
The computation of the selling price of the car:
Given,
Cost price =$60,000Margin =25%\(\begin{aligned}\text{Selling Price}&=\text{Cost Price}+\text{Margin}\\&=\$60,000+(\$60,000\times25\%)\\&=\$60,000+\$15,000\\&=\$75,000\end{aligned}\)
Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.
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In video case study about using powerbi in rwanda, the production of what agricultural product benefited from greater transparency in the value chain between the 200,000 famers and 160 collection points for their product?.
Answers
Milk, A sustainable supply chain must include transparent production as a key component.
What is transparency in value chain?
Having a transparent supply chain means that businesses can tell internal and external stakeholders, including customers, where and how their products are made based on trustworthy data.
Visibility: Accurately recognizing and gathering information from every supply chain connection. Disclosure: Sharing the information with the appropriate level of detail, both internally and externally.
A sustainable supply chain must include transparent production as a key component. This requires entrepreneurs to be transparent about their product sourcing, detailing the precise processes taken in the supply chain to ensure that their items get at the doorstep of their customers.
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Brian Miller is taking over the top HR job at a company that has been moving fast without a strategic HR vision. Which of the HR functions would you recommend that Miller prioritize
Answers
An HR function Brian Miller should prioritize is Human resource planning (HRP).
Who is an HR manager?Human resource management is a strategic approach to the effective and efficient management of people in a business or organization so that they can assist the company to acquire a competitive advantage. It is intended to maximize staff performance in support of an employer's strategic goals. Human resource management is concerned largely with the management of people inside organizations, with an emphasis on policies and systems. Human resources departments are in charge of overseeing employee-benefits design, employee recruiting, training and development, performance appraisal, and reward management, which includes managing pay and benefit systems.Functions of HR jobs are:
Human resource planning.Recruitment and selection.Performance management.Learning and development.Career planning.Function evaluation.Rewards.Industrial relations.An HR function Brian Miller should prioritize is:
Human resource planning:
Human resource planning (HRP) is the ongoing process of planning ahead in order to make the most use of an organization's most important asset—quality workers. Human resource planning ensures that personnel and occupations are a good fit while preventing manpower shortages or surpluses.Therefore, an HR function Brian Miller should prioritize is Human resource planning (HRP).
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two economists agree that labor market discrimination against certain workers unfairly leads to lower wages for the disfavored group. economist x argues that government intervention is most likely necessary to eliminate this unfair treatment, while economist y argues that the best solution to the unfair treatment is to let the market work to eliminate it on its own.
Answers
Economist Y is most likely to be correct when labor and product markets are highly competitive and the lower wages of the disfavored group result from discrimination by employers. This is because of discrimination by employers.
What is an employee?A worker or manager who works for a business, group, or community is referred to as an employee. The organization's personnel consists of these people. There are various types of employees, but in general, any individual engaged by an employer to do a specific task in exchange for remuneration is considered an employee.
The labor market, often known as the job market, refers to the supply of and demand for labor, in which employees give the supply and employers provide the demand. It is a crucial part of every economy and is closely connected to the markets for capital, goods, and services.
Therefore, Thus option (C) is correct
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Which statement is the BEST example of a point of view opposed to free trade?
Question 4 options:
Sheltering young industries allows them to grow and compete with foreign competitors.
Mutually lowering tariffs produces gains on both the supply and demand side.
Skilled worker migration works to reduce poverty.
Comparative advantage benefits developing nations.
Answers
The best example of a point of view opposed to free trade is: sheltering young industries allows them to grow and compete with foreign competitors. The Option A is correct.
Why are some arguments against Free Trade?One of the main arguments against free trade is that when lower-cost international competitors enter the market, domestic producers go out of business.
These argument is wrong because the loss of domestic jobs is accompanied by price reductions in consumer goods, and these benefits should not be overlooked when weighing the tradeoffs involved in protecting domestic production versus free trade.
Furthermore, free trade not only eliminates jobs in some industries, but it also creates jobs in others. This dynamic occurs because there are usually industries where domestic producers end up being exporters and because the increased income held by foreigners who benefit from free trade is used to buy domestic goods.
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Prove you know what diminishing marginal utility is by creating an example of your own. Your example
cannot be food related.
Answers
Hi there, I'm not answering this question, sorry.
Your task clearly states you must think of your own example and prove what you know. That's why.
Please, if you're coming onto the Brainly website, at least improve your questions.