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To calculate the consumer price index accurately, it is necessary to include...
1)The value added tax in the prices
2) Intermediate goods
3) Consumer goods only
4) Capital goods only
3) Consumer goods only.
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low productivity contributes to a favorable balance of trade by making the domestic producer's goods relatively cheaper than than goods from other countries. true or false
False.If productivity decreases, the output will shrink with the same amount of resources, and the price of produced goods will growth.In this case the goods from other countries will be...
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Describe the purpose of apec? a-to establish uniform currency b-to regulate equal treatment of member countries c-remove border control among member countries d-reduce tariffs among member countries
c-remove border control among member countries
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what are competitiveness of south African goods from other countries ?
South Africa is the 60 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic...
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What type of goods are gas and electricity if the cross elasticity of demand between these two goods are positive.
.Normal goods
.Complements
.Substitutes
.Inferior goods
Substitutes
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Using examples explain the difference between merit goods and public goods and show why it is possible for profit to be made in the supply of one of these types of goods but not the other
In contrast to pure public goods, merit goods could be, and indeed are, provided through the market, but not necessarily in sufficient quantities to maximise social welfare.Examples of merit goods...
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On 5th March 2019, Mehta Brothers received 100% advance for goods, to be supplied
in the next month. The Cost of the goods was Rs50000. They usually sells the goods at
10% mark up.
Under the accrual method, an advance received or paid is not revenue or expense. In the cash method, an advance is an income or expense. Accordingly, in the accrual method,...
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Examine the impact of colonialism on China, Japan and the congo, as well as how these countries responded to imperial influence.
Impact of colonialism on ChinaQing state became politically, administratively and financially too weak to function as an effective government to lead the country towards a positive direction. How china responded...
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How did colonialism impact China,Japan and Congo, as well as how these countries responded to imperial influence
British colonization of China had an impact on today`s China. Following the colonization, China had to pay high compensation amounts for years because of the treaty they entered with the...
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Examine the impact of colonialism on china, japan and the congo, as well as how these countries responded to imperial influence
ChinaThe most devastating impact colonialism had on China in the 19th and early 20th century was the ruined legitimacy of the Qing state. Colonialism activities forced the Qing dynasty to...
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