U.S Economy 2020 Investment Expenditure $ 2160 Personal Consumption $ 1390 Net Export $809 Nationals abroad $ 250 Government Purchases $4755 Depreciation $445 Foreigners Income (at home) $ 180 Wages and Salaries $ 358 Rent $ 272 1. Using the Expenditure approach model calculate. 1. Gross Domestic Product (GDP) 2. Gross National Product (GNP) 3. Net National Product (NNP) 2. Distinguish between nominal GDP and real GDP
Answers
To calculate the GDP, GNP, and NNP using the expenditure approach model based on the given information:
Gross Domestic Product (GDP):
GDP is calculated by summing up all the expenditure components:
GDP = Investment Expenditure + Personal Consumption + Net Exports + Government Purchases
= $2160 + $1390 + $809 + $4755
= $9,114
Gross National Product (GNP):
GNP takes into account the income earned by nationals, both domestically and abroad:
GNP = GDP + Nationals Abroad - Foreigners' Income (at home)
= $9,114 + $250 - $180
= $9,184
Net National Product (NNP):
NNP is calculated by subtracting the depreciation from GNP:
NNP = GNP - Depreciation
= $9,184 - $445
= $8,739
Now, let's distinguish between nominal GDP and real GDP:
Nominal GDP:
Nominal GDP is the value of goods and services produced in an economy using current market prices. It does not take into account changes in price levels over time. In this case, the GDP calculated earlier, $9,114, is the nominal GDP.
Real GDP:
Real GDP adjusts for changes in price levels by using a base year as a reference. It provides a measure of the actual production of goods and services. To calculate real GDP, we need a price index or the inflation rate. Since this information is not provided, we cannot calculate real GDP based on the given data.
Please note that the calculations are based on the information provided, and additional data or adjustments may be required in a real-world analysis.
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Related Questions
If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?
$900
O a
$952
b.
$985
Oc.
$1000
d
None of these
e
Answers
Answer:
Depends on if its simple or compund bu since your investing to earn, ill estimate they want the compound answer which is 999.60 which can be rounded to $1000. If they want it rounded, its $1000 if they dont, it's none of the above
Explanation:
A=P(1+r)t
A=952(1+0.05)1
A=952(1.05)1
A=952(1.05)
A=952x1.05
A=999.60 which can be rounded to 1000
You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. Your executive committee is made up of you as the president, your mother as the secretary, and your brother as the treasurer. The three of you are the key officers of the corporation, with you as the CEO, your mother as the head of HR, and your brother as the CFO. The Brady Business Friendship Bracelet (BBFB), Inc., conglomerate is ridiculously successful, earning the three key executives over $100,000 each in salary and bonuses. Before you begin operating, the BBFB decides to become an S Corp designation and to remain a closely held corporation. The state of incorporation is different from the principal place of business operations or the headquarters. The corporation cannot be sued there as well as in its home state.
True
False
Answers
Answer:
true
Explanation:
Answer:
false
Explanation:
If you got nausea heartburn indigestion upset stomach diarrhea what comercial is it off of
Answers
Answer:
PEPTO BISMOL
Explanation:
lol
Answer: Pepto bismo
Explanation:i say the comorical yesterday
the following selected information pertains to wilson company. current liabilities: $100; long-term liabilities: $150; contributed capital: $120; retained earnings: $50; accumulated other comprehensive income: $20. the company's debt to equity ratio (rounded to two digits after the decimal point) is
Answers
The Debt to Equity Ratio for Wilson Company is 1.21. This is calculated by dividing the total liabilities (Current Liabilities + Long-Term Liabilities = $100 + $150 = $250) by the total equity (Contributed Capital + Retained Earnings + Accumulated Other Comprehensive Income = $120 + $50 + $20 = $190).
What is Ratio?
A ratio is a comparison of two or more related numbers or quantities. Ratios can be expressed in different ways, including fractions, decimals, and percentages. Ratios can also be used to represent relationships between two or more pieces of data in a meaningful way. Ratios are used to compare values within a single group, between different groups, or between one group and the total. Ratios are useful for making comparisons, understanding trends, and helping to make decisions.
Therefore, $250/$190 = 1.21.
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what type of training can help reduce skill shortage for companies and ensure that workers are employable?
Answers
One type of training that can help reduce skill shortages for companies and ensure that workers are employable is upskilling.
Upskilling refers to providing additional training and education to existing employees to enhance their skills and competencies in specific areas.
By offering upskilling programs, companies can address skill gaps within their workforce and equip employees with the necessary knowledge and abilities to meet evolving job requirements. This can be done through various means such as workshops, online courses, mentoring programs, or specialized training sessions.
Upskilling not only benefits the individual employees by enhancing their employability and career prospects but also helps companies in retaining valuable talent and increasing productivity. It allows businesses to adapt to technological advancements, industry changes, and new market demands by ensuring that their workforce has the relevant skills and knowledge.
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two ratios that provide insight on the relationship between credit sales and receivables are: multiple choice accounts receivable turnover and current ratio. average days to collect receivables and asset turnover. accounts receivable turnover and average days to collect receivables. current ratio and inventory turnover ratio.
Answers
The two ratios that provide insight on the relationship between credit sales and receivables are accounts receivable turnover and average days to collect receivables.
The accounts receivable turnover ratio measures the efficiency of a company's credit sales and collection process. It is calculated by dividing net credit sales by the average accounts receivable balance. A higher turnover ratio indicates that the company collects its receivables more quickly, while a lower ratio suggests a slower collection process. The average days to collect receivables ratio provides additional insight into the time it takes for a company to collect its receivables. It is calculated by dividing the average accounts receivable balance by the average daily credit sales. This ratio gives an estimate of the number of days it takes, on average, to collect outstanding receivables. A lower number of days indicates a faster collection process and better cash flow management.
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what is organizational behavior and how can managers influence the ethical nature of a firm's culture?
Answers
Organizational behavior is the study of how individuals and groups behave within an organization.
Managers can play a critical role in influencing the ethical nature of a firm's culture. They can promote ethical behavior by modeling ethical conduct themselves, establishing a clear code of conduct and ethical standards, and providing regular training to employees on ethical behavior. Additionally, managers can create a culture that encourages open communication, transparency, and accountability, and supports employees in speaking up when they witness unethical behavior. Finally, managers can reinforce the importance of ethical behavior by ensuring that it is tied to performance evaluations, rewards, and recognition. By fostering a culture of ethics and integrity, managers can help build trust with stakeholders, reduce the risk of legal and reputational harm, and enhance the organization's overall performance.
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Complete the following sentence.
When preparing to go to an interview, it is best to arrive ____.
Answers
Answer:
early
Explanation:
hope this helps :)
Answer:
prepared
Explanation:
what automates order processes from initial customer inquiry to final product delivery?
Answers
An Enterprise Resource Planning (ERP) system automates order processes from initial customer inquiry to final product delivery.
ERP systems are integrated software solutions that streamline and automate various business processes, including order management. They enable seamless coordination and communication across different departments and functions within an organization, facilitating the entire order fulfillment cycle.
When a customer inquiry is received, an ERP system captures the information and initiates the order process. It manages inventory levels, checks product availability, and generates quotes or proposals based on predefined pricing and rules.
Once the order is confirmed, the ERP system creates purchase orders, triggers manufacturing processes, and schedules production activities.
Throughout the production cycle, the ERP system tracks progress, monitors inventory levels, and manages the allocation of resources. It generates shipping documents, manages logistics, and provides real-time visibility into order status.
This automation ensures efficient coordination between different departments, such as sales, manufacturing, procurement, and shipping.
By automating order processes, ERP systems reduce manual effort, minimize errors, improve order accuracy, enhance customer service, and streamline the overall order-to-delivery cycle. They enable organizations to efficiently handle large volumes of orders and maintain better control over the entire process from initial inquiry to final product delivery.
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if money growth is related to inflation, what would you expect to happen to the inflation rates of countries that join a monetary union and adopt a common currency such as the euro?
Answers
A monetary union essentially creates a common money supply for all participating nations. You would anticipate that the inflation rates of these nations will converge given the relationship between money growth and inflation.
What is monetary union?A single currency region is created when two or more governments agree to a monetary union. The exchange rates of the national currencies that were in use before to the creation of a monetary union are permanently fixed under a monetary union. An intergovernmental agreement involving the use of the same currency by two or more governments is known as a currency union. It's possible that these states won't ever be fully integrated. Currency unions come in three different varieties: adopting a foreign currency unilaterally in an informal manner. When two or more economies (often sovereign countries) agree to peg their exchange rates to the same reference currency in order to maintain parity in their monetary values, they have created a currency union.
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Which statement is true about the retail inventory method? It may not be used to estimate inventories for interim statements. It may not be used to estimate inventories for annual statements. It may not be used by auditors. None of these answer choices are correct.
Answers
The correct statement about the retail inventory method is that "It may not be used to estimate inventories for interim statements."
The retail inventory method is a technique that calculates the value of inventory on hand at the end of an accounting period. It is based on the assumption that the cost of goods sold (COGS) and the ending inventory have a known relationship to sales.
Since the retail inventory method is an estimation technique, it is not precise. It is commonly used in the retail sector to estimate the value of goods on hand. When using the retail inventory method, the retail price of goods is used to determine the cost of inventory.
Investors and creditors use the financial statements to assess the company's financial position and performance. Hence, the retail inventory method may not be used to estimate inventories for interim statements, as interim financial statements are used to evaluate the company's performance for a specific period.
Hence, the method of valuing inventory should be accurate and should reflect the true value of inventory on hand.
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An investment project costs $10,000 and has annual cash flows of $2,860 for six years. What is the discounted payback period if the discount rate is zero percent
Answers
The Discount rate is : Zero percent: payback in 3.49 years.
What is Discounted Payback Period?The discounted payback period (DPP) is a method applied in the capital budgeting process to determine the number of periods an investor has to wait to be compensated the initial cost of a project from the projected cash inflows. DPP recognizes the time value of money theory hence it is classified as a discounting method of capital budgeting. The future cash inflows are discounted to their present worth before the discounted payback period is computed.
Given:
Costs = $10,000
Annual cash flows = $2,860
n =6 years.
r =0%
Solution-
Discount rate is zero we are doing the payback period
\(Payback in Year =\frac{investment}{cash flow per year}\)
\(10,000 / 2860 Per Year = 3.4965\)
Therefore, we can conclude that The Discount rate is : Zero percent: payback in 3.49 years.
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When using your debit card, ask your bank to block any --------- on your account.
Answers
Answer:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Explanation:
Help me please!
Suppose the police think you have committed a crime and come to arrest you. Which of the rights you have just read about do you think would be most important to you? Why?
Answers
Answer: 5th amendment, the right to not answer questions without a lawyer. I dont want to speak and say something that makes me sound guilty. Having a lawyer there to prove my innocence is a better way to get out of trouble.
Explanation: my teacher liked my response and marked it as correct
Which stage of new product development would you be most interested in participating in? Explain.
Answers
Answer:
prototyping
Explanation: Because with this stage you will be able to see rough draft of the product and you will be able to the strongest and weakest parts of your project. Prototyping makes it possible to concertize an idea and to understand which aspects of the idea prove difficult or impossible to implement. Making a prototype can thus highlight unanticipated physical, technical or financial constraints.
A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.
Answers
A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.
Explain about the basic concept about the economics.
Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.
After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence
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Answer:
Option A scarce
Explanation:
A large part of the Communication and Information Technology career clusters probably didn’t exist 100 years ago—which parts in particular and why?
Answers
Answer:
In the Communication and Information Technology you have to have, well, Technology. 100 years ago we didn't have the Tech we have today so that career hadn't existed back then.
Explanation:
This was just my answer for the assignment. Please change the wording and phrasing of the answer.
Hope this helps!
A career relating to Communication and Information Technology hadn't existed 100 years before as the technology we are having today was not there previously.
What is technology?Technology refers to the process of applying scientific knowledge for industrial purposes.
In ancient times, the technology was not there which is currently having in the world today. There is a presence of digital devices like smartphones, computers, laptops, cameras, etc. which makes most of the work very easier. The electronic gadgets take seconds to minutes for performing any task. There are many professionals who are educated and qualified in the field of Communication and Information Technology.
Therefore, the increased need for technology created a career in Communication and Information Technology.
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An increase in supply will _____ the equilibrium price and _____ the equilibrium quantity.
Answers
An increase in supply will decrease the equilibrium price and increase the equilibrium quantity.
When the supply of a good or service increases, it means that more of that item is available in the market. This leads to a shift in the supply curve to the right. As a result, the equilibrium price, which is the price at which the quantity demanded equals the quantity supplied, will decrease. This is because the increased supply creates more competition among sellers, causing them to lower their prices in order to attract buyers.
Furthermore, the increase in supply will also lead to an increase in the equilibrium quantity. With more of the item available in the market, buyers are willing and able to purchase a larger quantity at a lower price. As a result, the equilibrium quantity increases.
For example, let's consider the market for smartphones. If there is an increase in the supply of smartphones due to advancements in manufacturing technology, the equilibrium price of smartphones will decrease as sellers compete to attract buyers. Additionally, the equilibrium quantity of smartphones will increase as more buyers are willing and able to purchase smartphones at the lower price.
In summary, an increase in supply will decrease the equilibrium price and increase the equilibrium quantity in a market.
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An increase in supply will decrease the equilibrium price and increase the equilibrium quantity. When supply increases, there is a greater quantity of goods or services available in the market.
This leads to a surplus, where the quantity supplied exceeds the quantity demanded at the current price. In order to sell the excess supply, producers will lower their prices. As a result, the equilibrium price decreases. At the same time, with the lower prices, consumers are willing to buy more of the goods or services. This increases the quantity demanded, and as a result, the equilibrium quantity increases.
For example, let's consider the market for apples. If there is an increase in apple production due to favorable weather conditions, the supply of apples will increase. Producers will lower their prices to sell the surplus apples, leading to a decrease in the equilibrium price. At the same time, consumers will be incentivized to buy more apples due to the lower prices, resulting in an increase in the equilibrium quantity.
In summary, an increase in supply leads to a decrease in the equilibrium price and an increase in the equilibrium quantity.
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What is deliberate and purposeful choice to speak up for personal needs and or ideas
Answers
Purposeful practice is intended to enhance performance and is defined by remaining committed and upbeat, establishing precise objectives, scheduling time each week, accepting challenges that are above your current level of competence, and asking for feedback.
What is intentional speaking?Deliberately means to carefully consider something or to speak about it; it also refers to the cautious decision-making process' slow and controlled speed.
What is communication purposeful practice?Deliberate practice is described as deliberate action that is effortful in character, conducted frequently without immediate reward, and has as its primary objective the enhancement of one's own performance rather than enjoyment.
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Describe the role of the entrepreneur in the decision making process.
Outline the following roles of an entrepreneur in economic development:
a) collaborating;
b) providing goods and services to satisfy citizens;
c) creating jobs ; and,
d) contributing to nation building
Answers
The following roles of an entrepreneur in economic development is generally and actually providing goods and services to satisfy citizens Option(b) is correct.
What is Economic Development?In the economics investigation of the public area, economic and social development is the cycle by which the economic prosperity and personal satisfaction of a country, district, neighborhood local area.
The term has been utilized often in the twentieth and 21st hundreds of years, yet the idea has existed in the West for far longer. "Modernization", "Westernization", and particularly "industrialization" are different terms frequently utilized while talking about economic development.
Therefore Option(b) is correct By and large, economic development arrangements zeroed in on industrialization and foundation; since the 1960s, it has progressively centered around neediness decrease.
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Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answers
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
diminishing marginal returns imply that beyond a certain point ______.
Answers
b. The additional output or benefit gained from each additional unit of input will decrease.
Diminishing marginal returns occur when the marginal product or benefit obtained from adding one more unit of input (such as labor, capital, or resources) starts to decrease after a certain point. Initially, as more input is added, the output or benefit increases at an increasing rate. However, beyond a certain threshold, the additional output or benefit gained from each additional unit of input starts to diminish. This indicates that the efficiency or productivity of the production process is decreasing, and further increases in input may not result in proportional increases in output.
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Each month you spend $500 buying coffee. If the price of coffee increases from $2 to $3, what happens to your purchasing power?.
Answers
Answer:
The purchasing power decreases.
Explanation:
Consumer purchasing power is determined by the Consumer Price Index, which surveys changes in the prices of goods and services over a period of months or years.
What is high purchasing power?
A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market.
How can we increase purchasing power?
Provide Value to Your Vendors. Retailers typically set their prices according to the gross margin made on every sale
Consolidate Purchase Orders.
Open New Markets.
The Power of Many.
Answer:
it decreases
Explanation:
it decreases because you won't be able to afford the amount that $500 can buy
High-performance work systems combine the talents of employees and rapidly deploy them in new assignments with maximum flexibility in order to focus on which of the following criteria?
Group of answer choices
Organized
Difficult to imitate
Rare
Valuable
Alignment
Answers
High-performance work systems focus on criteria such as being valuable, rare, difficult to imitate, and aligned with organizational goals.
High-performance work systems aim to leverage the talents of employees and rapidly deploy them in new assignments with maximum flexibility. These systems are designed to optimize organizational performance and achieve strategic objectives. In doing so, they prioritize several criteria to ensure effectiveness.
Firstly, high-performance work systems focus on being valuable. This means that the system must contribute to enhancing the organization's competitive advantage and delivering value to customers. By aligning employee talents and assignments with organizational goals, the system generates value and drives success.
Secondly, such systems strive to be rare. They incorporate unique combinations of human capital, knowledge, and skills that are not easily replicated by competitors. This rarity gives organizations a distinct advantage and helps them stand out in the marketplace.
Additionally, high-performance work systems aim to be difficult to imitate. They are designed with specialized processes, practices, and capabilities that are not easily replicated or copied by other organizations. This uniqueness provides a competitive barrier and enhances the organization's ability to maintain a competitive edge.
Lastly, high-performance work systems emphasize alignment. They align the talents of employees, their assignments, and the overall system with the organization's strategic goals and objectives. This alignment ensures that efforts are directed towards achieving desired outcomes and maximizing organizational performance.
In summary, high-performance work systems focus on being valuable, rare, difficult to imitate, and aligned with organizational goals. By embodying these criteria, organizations can enhance their competitive advantage, differentiate themselves in the market, and achieve superior performance.
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what is technical education
Answers
Answer:
Technical education is learning something about a specific work scientifically in detail and practical.
Answer:
The academic and vocational preparation of students for jobs involving applied science and modern technology!
Explanation:
According to most economists, every society has to answer three basic questions. Can you guess what they are? list 3 possible questions that every society might have to answer.
Answers
Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
Production is the process of combining various tangible and intangible inputs (plans, knowledge) to produce things for consumption (outputs). It is the act of creating output, product, or service that is of value and contributes to an individual's benefit.
The area of economics that focuses on production is called production theory and is intertwined with consumption (or consumption) theory in economics.
The Four Elements of Production
Production processes and outputs result directly from the productive use of original inputs (or factors of production). Land, labor, and capital, known as primary goods or services, are considered the three basic elements of production.
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when the price level rises because the AD curve shifts rightward, the economy experiences ____
Answers
When the price level rises because the Aggregate Demand (AD) curve shifts rightward, the economy experiences inflation. Inflation is the general increase in prices over time, resulting in a decrease in the purchasing power of money.
An increase in aggregate demand can be caused by factors such as increased consumer spending, government expenditure, or net exports. This increase in demand leads to upward pressure on prices, as businesses respond to higher demand by raising prices to maximize profits. As a result, the overall price level in the economy rises.
Inflation can have various impacts on the economy, including reduced purchasing power, uncertainty in planning and investment, and redistribution of income and wealth. Central banks often use monetary policy tools, such as adjusting interest rates or implementing open market operations, to manage inflation and stabilize the economy.
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Which of the following is one of the primary responsibilities of the federal judicial branch?
Answers
Answer:
to judge if laws made by the legislative branch are constitutional
Explanation:
Answer:
to judge the constitutionality of laws
Explanation:
donald produces nails at a cost of $200 per ton. if he sells the nails for $350 per ton, his producer surplus per ton is a. $550. b. $150. c. $200. d. $350
Answers
Donald's producer surplus per ton is b. $150. This is calculated by subtracting the cost of production ($200) from the selling price ($350).
Donald produces nails at a cost of $200 per ton. If he sells the nails for $350 per ton, his producer surplus per ton is $150.
What is producer surplus?
Producer surplus is defined as the difference between the market price and the lowest price at which a producer is willing to sell a certain amount of product. Producers are willing to sell their products at a lower price, which is the amount that they will receive in the absence of a market or competition. For this particular question, we can calculate the producer surplus as follows: Producer surplus = Selling price - Cost of production = $350 - $200 = $150Therefore, Donald's producer surplus per ton of nails is $150. Thus, option (b) is the correct answer.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
l
l
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
