Australia is one of the world's most open economies, and it has many major trading partners. Australia is one of the world's most advanced economies, with extensive trade and investment ties with the rest of the globe.
Australia has a free-market economy with a small industrial base, and it is heavily reliant on foreign trade. Here are the countries that are major trading partners with Australia: China: China is the most important trading partner for Australia. It buys almost one-third of Australia's total exports, with coal, iron ore, gold, and natural gas being the most popular products. Japan: Japan is Australia's second most important trading partner, with significant investments in Australian businesses and manufacturing. United States: The United States is Australia's third most important trading partner, with considerable investment in mining, industrial, and technology industries. South Korea: South Korea is Australia's fourth most important trading partner, with major purchases of Australian coal and iron ore. New Zealand: New Zealand is Australia's fifth most important trading partner, with a strong trade relationship and a shared regional market.
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A private pilot wishes to insure his airplane for $200,000. The insurance company estimates that a total loss will occur with probability .002, a 50% loss with probability .01, and a 25% loss with probability .1. Ignoring all other partial losses, what premium should the insurance company charge each year to realize an average profit of $500?
The insurance company should charge an annual premium of $2,520 to realize an average profit of $500.
To determine the premium that the insurance company should charge, we need to calculate the expected value of the losses and add the desired profit margin.
Given that the private pilot wishes to insure the airplane for $200,000, and the insurance company estimates the probabilities of different loss scenarios, we can calculate the expected value of the losses.
The expected value of a loss is calculated by multiplying the loss amount by its corresponding probability and summing up all the expected losses.
Expected Loss = (Loss Amount) * (Probability)
Total Expected Loss = (0.002 * 200,000) + (0.01 * 0.5 * 200,000) + (0.1 * 0.25 * 200,000)
= 400 + 1,000 + 5,000
= 6,400
To realize an average profit of $500, the insurance company should charge a premium that covers this expected loss and includes the desired profit margin.
Premium = Expected Loss + Desired Profit
= 6,400 + 500
= 6,900
Therefore, the insurance company should charge an annual premium of $6,900 to achieve an average profit of $500.
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Which of the following phrases best characterizes the culture of an organization? Select one: a. our official code of conduct b. how things are done around here c. the most efficient way to do things d. guidelines for where this organization is going
The phrase that best characterizes the Organizational culture is : b. how things are done around here. This phrase refers to the unwritten rules and customs that govern the behavior of employees within the organization.
It encompasses the values, beliefs, and attitudes that shape the organization's identity and guides the decision-making process of its members. While the official code of conduct and guidelines for where the organization is going are important, they do not necessarily reflect the actual culture of the organization. The most efficient way to do things may also be influenced by the culture but is more related to the organization's processes and procedures.
Therefore, a long answer would elaborate on the importance of understanding the unwritten rules and customs of an organization to effectively navigate its culture and achieve success.Organizational culture refers to the values, beliefs, and practices that shape the way people within the organization interact with one another and make decisions. "How things are done around here" captures this idea by emphasizing the shared understanding and informal norms that guide behavior in the organization.
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which would an economist consider a likely substitute for coffee?a. waterb. donutsc. tead. chicken
The answer is option c. tea, an economist would consider tea as a likely substitute for coffee.
What does economic substitution look like?In other words, if the price of one thing rises, so does the demand for the other. For instance, coffee can be used in place of tea, and solar energy can be used in place of electricity. Demand for tea also increases when the price of coffee does, and vice versa.
What do economists mean by "perfect substitutes"?A perfect substitute is a good or service that, regardless of the business that provides it, customers view as being exactly the same no matter which business provides it. The business from whom a buyer purchases a good is irrelevant to them. Standardized goods are excellent replacements.
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Having a product where customers can buy it such as stores, catalogs or internet is
Having a product where customers can buy it such as stores, catalogs or internet is Distribution channels.
What is also known as distribution channel?The network of people and businesses involved in getting a good or service from the manufacturer to the consumer is known as a distribution channel. Distribution channels are often referred to as marketing channels or distribution channels for marketing.
What are the types of distribution in marketing?Manufacturers choose how they want their products to be distributed in the market using one of three distribution strategies.
Distribution in DepthSophisticated DistributionUnique DistributionWhat do you mean by direct channel?Through this channel, a manufacturer can sell products including hardware, software, and accessories straight to consumers: • Direct sales force — This is a channel where products are delivered directly from the producer or vendor to the final consumer, typically via a field sales force that has received professional training.
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State 5 differences betweeen a stencil suplicator and a spirit duplicator
Answer:
spirit duplication is a method of reproducing documents where a spirit duplicator is used. The master copy is prepared from which copies are produced.
I hope is helpful
please i want to be a branalist
Explanation:
A __________ item is something that is purchased without much thought before the purchase.
A convenience item is something that is purchased without much thought before the purchase.
Ads are called out if they are displayed for a short time without reaching the awareness threshold. subliminal. ---- is a subtle phenomenon that uses colors and fonts to influence how your message feels.
Customization and tailoring of service delivery to individual customer needs. The service should be less variable than the product. "Product" is a general term used to describe both goods and services.
Subliminal messages are visual or auditory stimuli imperceptible to the conscious mind, often inserted into television commercials or other media such as songs purchased.
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What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
Sandy is allowed to spend $8. 00 to create a new candle for the candle store. Sandy told the owner she would like to sell her candles for 12. 00 each. What is snady's gross profit margin?
She earns a $4.00 gross profit on each candle she sells, which is 33.33% of the selling price.
To calculate Sandy's gross profit margin, we need to first determine the cost of producing one candle. If she is allowed to spend $8.00 to create a new candle, we can assume that the cost of producing one candle is $8.00.
To calculate the gross profit margin, we need to subtract the cost of producing one candle from the selling price of one candle, and then divide the result by the selling price. So:
Gross profit margin = (Selling price - Cost of goods sold) / Selling price
Selling price = $12.00
Cost of goods sold = $8.00
Gross profit margin = ($12.00 - $8.00) / $12.00
Gross profit margin = $4.00 / $12.00
Gross profit margin = 0.3333
So Sandy's gross profit margin is 0.3333, or 33.33%. This means that for each candle she sells, she is earning a gross profit of $4.00, which represents 33.33% of the selling price.
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Determinants of aggregate supply The following graph shows an increase in short-run aggregate supply (AS) in a hypothetical economy short-run aggregate supply curve shifts to the night from AS, to AS2, causing the quantity of output supplied at a price level of 100 to rise from $200 billion to $250 billion. Inflation expectations- lower/higher
Human capital- improves/ declines
Burdensome regulations- increase/decrease
The determinants of aggregate supply includes various factors that affect the amount of goods and services an economy produces in the short and long run. One of the key determinants is the availability of inputs, including labor, capital, and natural resources. Other factors that affect aggregate supply include technology, infrastructure, government policies, and global economic conditions.
The specific scenario presented, the increase in short-run aggregate supply from AS to AS2 could be attributed to various determinants. For instance, if inflation expectations are lower, businesses may be more willing to invest in new projects and expand production, leading to an increase in aggregate supply. Similarly, if human capital improves, workers may become more productive, leading to an increase in output and aggregate supply.
On the other hand, burdensome regulations that increase the cost of production could decrease aggregate supply, as firms may be less willing to invest in new projects or expand production. In the hypothetical scenario presented, if the shift in the short-run aggregate supply curve from AS to AS2 was due to a decrease in regulatory burdens, this could explain the increase in output supplied at a price level of 100.
Overall, the determinants of aggregate supply are complex and interrelated, and changes in one factor can have cascading effects on the economy as a whole. Understanding these determinants is crucial for policymakers, businesses, and individuals seeking to make informed decisions about investments, employment, and economic growth.
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Exercise 15-10 (Algo) Recording materials, labor, overhead, and sales; computing inventory cost LO P1, P2, P3 Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $6,200, direct labor of $3,800, and applied overhead of $3,230. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on credit) for $29,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of July. Custom Cabinetry incurs the following costs during July. Job 120 Job 121 Job 122 Direct materials used $ 2,600 $ 8,600 $ 3,600 Direct labor used 3,800 5,300 3,700 1. Prepare journal entries for the following July transactions and events a through e. a. Direct materials used. b. Direct labor used. c. Overhead applied. d. Sale of Job 120. e. Cost of goods sold for Job 120. Hint: Job 120 has costs from June and July. 2. Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory accounts. (There were no jobs in Finished Goods Inventory at June 30.)
1. Prepare journal entries for the following July transactions and events:
a. Direct materials used:
Work in Process Inventory (Job 121) 8,600
Work in Process Inventory (Job 122) 3,600
Raw Materials Inventory 12,200
b. Direct labor used:
Work in Process Inventory (Job 121) 5,300
Work in Process Inventory (Job 122) 3,700
Salaries and Wages Payable 9,000
c. Overhead applied:
Work in Process Inventory (Job 121) 4,505 ($5,300 x 85%)
Work in Process Inventory (Job 122) 3,145 ($3,700 x 85%)
Manufacturing Overhead 7,650
d. Sale of Job 120:
Accounts Receivable 29,000
Sales 29,000
e. Cost of goods sold for Job 120:
Cost of Goods Sold 13,230 ($6,200 + $3,800 + $3,230)
2. Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory accounts:
Work in Process Inventory (Job 121):
Direct materials used $8,600
Direct labor used 5,300
Overhead applied 4,505
Total costs 18,405
Work in Process Inventory (Job 122):
Direct materials used $3,600
Direct labor used 3,700
Overhead applied 3,145
Total costs 10,445
Finished Goods Inventory:
Cost of Job 120 13,230
Therefore, the July 31 balances are as follows:
Work in Process Inventory:
Job 121: $18,405
Job 122: $10,445
Finished Goods Inventory: $13,230
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which of the following statements are true? multiple select question. a current asset is expected to be converted to cash or consumed within one year or an operating cycle, whichever is shorter. most businesses provide information about their bill-paying ability by classifying their assets and liabilities according to liquidity. long-term assets are usually presented before short-term assets on a classified balance sheet. the more quickly an asset is converted to cash or consumed, the more liquid it is considered.
Most businesses provide information about their bill-paying ability by classifying their assets and liabilities according to liquidity. The more quickly an asset is converted to cash or consumed, the more liquid it is considered.
How does liquidity work?A financial asset's liquidity refers to how simple it is to convert it into cash without suffering a significant loss in value. Liquidity can assist you in converting assets into useful income if you don't have enough cash on hand to cover expenses.
In investing, what does liquidity mean?In a secondary market, liquidity generally refers to how fast or easily a security can be acquired or sold. When cash is needed, liquid investments can be easily sold without incurring a large cost.
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________ publishing automatically delivers business intelligence to users without any request from the users.
"Push" publishing automatically delivers business intelligence to users without any request from the users.
Push publishing is a type of business intelligence publishing that automatically delivers reports, dashboards, and other types of BI content to users without them needing to request it. This process is ideal for those who rely heavily on timely data because it eliminates the need for users to access reports or other data on their own.
Push publishing automatically sends information to users who need it, ensuring that they have the most up-to-date data. It's critical for businesses that deal with large amounts of data that need to be processed quickly.
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What is the potential award amount for the Pell Grant and does Imani have to pay this back?
Answer with Explanation:
The Potential amount for the Pell Grant largely depends on you family income and asset worth. The maximum Pell Grant award for the year 2019-20 is $6,195 and maximum award per term is $3,097.
We don't have to pay back the Pell Grant but under certain circumstances which are listed as under:
Early withdrawing from the program that let you qualify for the grant.Enrollment status changed during the execution of program.Received Other ScholarshipsYou qualified for Teach Grant but later you didn't met the requirements for the grant.EverFi question for Unit rates with budgets...
__________ needs to be tailored to each member’s contract, and members need to be careful about overambitious plans.
Confidentiality needs to be tailored to each member’s contract, and members needs so as to be careful about overambitious plans.
What is Confidentiality ?Confidentiality can be regarded as the term that is been used to describe a set of rules or a promise that is usually executed through confidentiality agreements .
This can limits access or places restrictions on certain types of information, hence, Confidentiality needs to be tailored to each member’s contract, and members need to be careful about overambitious plans.
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a company's times interest earned ratio is 12.1. this means that a.the company has 12 times more debt than equity. b.the company has more than enough earnings to make its interest payments. c.bondholders are at risk of not receiving their interest payments. d.stockholders are at risk of not receiving their interest payments.
When a company's interest charges earned ratio equals 12.1, it suggests it has more having enough money earnings to cover its interest obligations.
What is a interest payment?When a company's interest charges earned ratio equals 12.1, it suggests it has more having enough money earnings to cover its interest obligations.
Why are interest payments made?In essence, interest is a fee assessed to the lender for using a resource. Cash, consumer items, vehicles, and real estate are all examples of borrowed assets. Since higher rates of interest make lending the same sum of money more expensive, they can be viewed as the "cost of money."
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In an era of transparency, some health care organizations are beginning to counter the third-party transparency sites such as Angie’s List by posting the patient ratings of their medical staff with a star-based approach along with ratings. At a recent medical staff meeting of the hospital of which you are the marketing director, a department chair in surgery spoke rather vociferously against this new approach. "We seem to be moving to commoditize what we do as physicians. I bought a car last weekend. The approach we are now taking is no different. I look at the ratings, and patients are looking at our medical staff. What is next? Will you have us interview with patients so they can decide who they want to meet with? These people are coming to us because of the expertise and skill we have. If they want to buy a product, let them go to the shopping mall." When the physician sat down, several others nodded in agreement, and a few others clapped in support. The CEO thanked the doctor for the opinion and suggested that rather than turn from this week’s agenda, it should be the focus of the next bi-monthly meeting in terms of discussing the posting of patient evaluations along with directly addressing the broader issue raised by the Chair of Surgery.
It is the next meeting, and as marketing director, you have been tasked with leading the meeting. Please outline your presentation in response.
In response to concerns about commoditization, while embracing transparency, we can strike a balance by posting patient ratings and evaluations of our medical staff, recognizing their expertise and skills.
Transparency in healthcare has become increasingly important in recent years, and patients are now more empowered and informed than ever before. Third-party transparency sites, such as Angie's List, have gained popularity as patients seek objective information and feedback about healthcare providers. By posting patient evaluations and ratings of our medical staff, we are embracing this era of transparency and providing patients with valuable insights to make informed decisions about their healthcare.
This approach does not commoditize the work of physicians; instead, it enhances the patient experience by promoting accountability and quality improvement. Patient ratings and feedback offer valuable perspectives on the care provided by our medical staff, allowing us to identify areas of strength and areas for improvement. By openly sharing this information, we demonstrate our commitment to patient-centered care and continuous learning.
Addressing the concerns raised by the Chair of Surgery, it is important to emphasize that patient evaluations should not replace the expertise and skill of our medical staff. Rather, they serve as a complementary tool for patients to evaluate the overall patient experience, including factors such as communication, empathy, and timeliness of care. Our medical staff's expertise and clinical outcomes remain the foundation of patient care, and patient evaluations should be viewed as a supplementary source of information.
In today's consumer-driven healthcare landscape, patients have come to expect transparency and access to information. By embracing patient ratings and evaluations, we demonstrate our willingness to adapt to patient preferences and foster a culture of continuous improvement. The upcoming meeting will provide an opportunity to further discuss and address concerns while highlighting the benefits of this approach in enhancing patient satisfaction and engagement.
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When a company uses data from questionnaires and surveys to determine customer preferences, it is utilizing the _____ marketing function.
distribution
product/service management
promotion
marketing information management
When a company uses data from questionnaires and surveys to determine customer preferences, it is utilizing the marketing information management marketing function. Thus option (D) is correct.
What is marketing?Marketing is the process of identifying, promoting, and selling products or services to meet the needs and wants of customers, while achieving the goals of a business or organization.
It involves understanding consumer behavior, conducting market research, developing marketing strategies, creating and implementing marketing plans, and managing customer relationships to build and maintain a strong brand image and achieve business objectives.
A company is utilizing the marketing information management marketing function when it uses data from questionnaires and surveys to determine customer preferences. Therefore, option (D) is correct.
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characteristics of mixed economy
Answer:
- Protection of Labor Rights
- Co-surviving Public and Private Sectors
- Safeguarding of Consumer Rights
- Economic Planning
Explanation:
Don't know how many you're looking for, or what specifically, but those are a few that I've learned
Hope it helped
The name of Internet Web sites are referred to as their _____ name.
its domain
Answer:
Domain names . good luck ;)
Assume a monopoly is currently earning economic profits. If a change in fixed cost shifts downwards the monopoly's average total cost function, the monopoly will
a. keep the price and quantity sold unchanged
b. lower the price
c. raise the quantity sold
d. have lower profits
When a change in fixed cost shifts downwards the monopoly's average total cost function, it means that the monopoly's cost of production has decreased. The correct answer to your question is C: raise the quantity sold.
This is because fixed costs are the costs that do not change with the level of production, such as rent, salaries, or insurance. As a result of the decrease in cost of production, the monopoly's profit margin will increase. This means that the monopoly will have a greater incentive to increase its output to sell more units and maximize its profit. Therefore, the monopoly will likely choose to increase the quantity sold. However, the monopoly may also choose to lower the price of its product to attract more customers and increase demand. This will depend on the elasticity of demand for the product, which measures how responsive customers are to changes in price. In general, the monopoly will not keep the price and quantity sold unchanged or have lower profits when its cost of production decreases. It will likely choose to increase the quantity sold and possibly lower the price to maximize its profit.
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which best describes what technology does? responses eliminates jobs eliminates jobs improves results improves results reorganizes information reorganizes information creates smaller, faster devices
Technology improves results, which is how it is best described.
What is the essence of technology?Technology is frequently described as the modifying and altering of the human environment. The application of scientific knowledge to the utilitarian objectives of human life is known as technology.
Which sentence best encapsulates this technology quiz?scientific innovations or applications that improve results.
Which of the following methods does technology use to increase productivity?By using machines to replace workers, labor costs are reduced.
What kind of technological development was made possible by the assembly line?On December 1st, 1913, Henry Ford builds the first moving assembly line to enable the mass production of an entire automobile. With the aid of his technology, a car could be built in just 1 hour, 33 minutes as opposed to more than 12 hours.
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a nurse is teaching a client who is rh negative about rho(d) immune globulin. which of the following statements by the client indicates an understanding of the teaching?
If the client indicates an understanding of the teaching, they would say something along the lines of: "So if I become pregnant and my baby is Rh positive, I will need to receive Rhogam to prevent my body from producing antibodies that could harm the baby."
If the client indicates an understanding of the teaching, they would say something along the lines of: "So if I become pregnant and my baby is Rh positive, I will need to receive Rhogam to prevent my body from producing antibodies that could harm the baby." The nurse should have explained that Rhogam is a medication given to Rh negative women during pregnancy to prevent their bodies from attacking the Rh positive fetus. If the client understands this concept, it shows that they have grasped the information provided by the nurse and can take steps to protect their future pregnancies. It is important for the nurse to ensure that the client fully understands the concept and can explain it back to ensure safe and effective care.
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Which of the following is an advantage of joint ventures as a mode of entry into foreign markets?The foreign firm benefits from a local partner's knowledge of the host country.
The overseas firm benefits from a neighborhood partner's understanding of the host country.
Exporting is the sale of products and services in overseas countries that are sourced from the domestic country. The benefit of this mode of entry is that companies avoid the rate of organising operations in the new country.
What is joint project mode of entry?Joint Venture
Creating a 0.33 corporation with some other accomplice is often the desired market entry method, in particular in rising markets. A joint project means that the employer can take advantage of the partner's infrastructure, neighborhood expertise and reputation.
What main benefit does a foreign joint assignment have?Advantages. Many of the advantages associated with global joint ventures are that they supply groups with the chance to obtain new capability and information and they permit businesses to enter into associated enterprise or new geographic markets or achieve new technological knowledge.
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https://brainly.com/question/29408588#SPJ4Tetradic Solutions has been making purchases from Ribbon, Inc., for the last three years. Every three months, it makes the same order of 5,000 ml of Ribbon, Inc.'s, secret compound used in Tetradic's lotion line. Recently, Tetradic has seen a downturn in demand and needs to alter its usual order from 5,000 to 3,500 and hopefully reduce the price per ml. What BEST describes Tetradic's situation
Answer: modified rebuy
Explanation:
Tetradic's situation can be defined as the modified rebuy. Modified Rebuy refers to a purchasing situation whereby an individual or organization buys goods that they've bought before but then changes the supplier or some elements in the previous order.
Based on the question given, Tetradic Solutions alters his purchase as the order was modified. In modified rebuy, the specifications of the product, prices, and suppliers can be changed as well.
Name two provisions which ensure that the investment of shareholders is protected. Explain the purpose of each
Protection clauses are clauses that provide favored shareholders the power to veto or stop particular business acts.
Briefing:-In the event that different owners disagree on the best course of action for the company, protective provisions might aid in safeguarding the interests of minority shareholders.
What does anti-dilution protection serve?Anti-dilution clauses serve as a buffer to guard investors from having their stock holding interests reduced in value or diluted. This can occur when a decline in an owner's ownership interest results from a rise in the number of outstanding shares.
How can shareholders be safeguarded?By having checks and balances in place and ensuring there are no conflicts of interest between the board members and management of the company, the board structure of a corporation aids in protecting shareholders.
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International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.
True False
Answer: True
Explanation:
International trade is simply exchange of goods and services that take place between countries. It should be noted that gloabl trading gives the countries and the consumer opportunity through which they're exposed to the produfte that they don't have in their countries.
International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.
This is True
I'm starting a baking business any one know how to photo shot for a better background so my picture can look nice
Answer:
yes do ctrl shift and the box with two lines
Explanation:
ldentify this item as one of the four major components of Gross Domestic Product (GDP) ( e consumption, investament, government purchases, or net exports) A domestically manufactured business computer QUESTION 10 Identify this item as one of the four major components of Gross Domestic Product (GDP) (t.e. consumption, investment, goverament purchases, of net exposts) A domestically manufactused personal computer
A domestically manufactured business computer is considered a component of investment, which is one of the four major components of Gross Domestic Product (GDP).
Is a domestically manufactured business computer part of GDP?Yes, a domestically manufactured business computer is classified as part of GDP under the component of investment.
Investment refers to the spending by businesses on capital goods, such as machinery, equipment, and technology, that are used to produce goods and services.
When businesses purchase domestically manufactured computers for their operations, it contributes to investment expenditure and adds to the overall GDP of a country.
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What is one request a borrower can make of a lender if they know they will never be able to pay their full debt?
A. The borrower can ask for fees and penalties to be eliminated.
B. The borrower can ask for a reduction of the interest rate.
C. The borrower can ask to be absolved of some of the debt.
D. The borrower can ask for the monthly payment to be reduced.
The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
What happens if the borrower fails to repay the loan?A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).
When the repayment is overdue, the lender can seize the asset of the borrower and when a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
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Answer:
C. The borrower can ask to be absolved of some of the debt
Explanation: