Market power is the capacity of a business (or collection of enterprises) to increase and maintain prices above the level that would prevail under competition.
How do economic profits change in the long run?Because an unlimited number of businesses are manufacturing uniform, endlessly divisible items, profits and losses are eventually abolished. There are no entrance hurdles for businesses, and all customers are fully informed.Long-term expansion of an industry occurs when there are economic profits in that business. As new businesses enter the market, the supply curve moves to the right, prices drop, and profits decline. Up until economic profits are nil, businesses keep entering the sector.Economic profit, also known as normal profit, must ultimately equal zero. Due to the introduction of new enterprises, which lowers the market price, economic profit is zero over the long term.fill in the blank answers
when new firms enter a market, existing firms will sell than before, and their market power will less. when firms exit a market, remaining firms will sell than before, and their market power will less. if there is free exit from and entry into an industry, long-run economic profits will be equal to zero for firms in that industry.Learn more about Market power refer to :
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What is the difference between life cycle and process?
Life cycle is the series of changes that the members of a species undergo as they pass from the beginning of a given developmental stage to the inception of that developmental stage in a subsequent generation. The basic processes of life include organization, metabolism, responsiveness, movements, and reproduction.
A biological life cycle is a sequence of form changes that an organism goes through before reverting to its initial state. The idea is similar to those of life history, development, and ontogeny, but it is different from them in that it emphasizes renewal. Growth, asexual reproduction, or sexual reproduction are all examples of form transitions.
Throughout the life cycle of some organisms, different "generations" of the species succeed one another. The life cycle of plants and many types of algae has two multicellular stages and is known as an alternation of gene.
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In equity theory, distributive justice is concerned with?
a. comparing output-to-input ratios among large groups.
b. None of the above
c. comparing fairness between different cultures.
d. comparing output-to-input ratios among individuals.
e. comparing one individual to an entire system.
In equity theory, distributive justice is concerned with comparing output-to-input ratios among individuals. So the option d is correct answer.
Equity theory is considered as a distributed theory of justice since it addresses outcome fairness. The perception of fairness of the results the organization produces is referred to as distributive justice.
Initially, distributive justice a comparison of one person's outcomes-to-input ratio to that of another was the main emphasis of equity theory. The right answer refers to distributive fairness. Comparing one person to the entire system indicates procedural justice, in which the worker assesses the fairness of the entire system rather than comparing themselves to other people, which is not the appropriate answer in this case. The latter two options are flawed because they evaluate groups rather than individuals.
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over the period from 10,000 b.c. to a.d. 1, world population is estimated to have increased from 4 million to 170 million. assuming that the level of income per worker was constant, the quantities of human and physical capital per worker did not change, and the exponent on land in the production function is one-third, calculate the total growth in productivity over this period. what was the annual growth rate of productivity, a?
The growth due to total productivity is 50%. Productivity refers to a person's, group's, or organization's ability to work effectively within that time range in order to maximize output.
What was the productivity growth rate annually?As physical capital worker rises to 900 the real GDP per capita rises to 200. Then the output doubles up to 2 times in 70 years. Then output doubles up in 35 years
g=2%
In terms of time, a day, a year, or a life are all limited.
Motivation, personality, inherent skill, education or training, environment, peer support, time management, and even luck all contribute to high productivity.
As the country moves from A to C the output rises by 300% the output growth due to only capital was only 100% by method 1
100%
gy = ga +gk
1 = ga/gy + gk/gy
ga/gy = 1 -0.5 = 0.5
= 50%
Therefore 50 % of the growth was due to total productivity.
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Why is it called a command economy?
The reason why a communist government is called a command economy is that the economic decisions are made by the government which commands what, why, how, and where things will be produced.
What is a command economy ?Economic structure where the means of production are owned by the public and economic activity is governed by a central body that sets quantitative production targets and distributes raw materials to productive businesses
The majority of socialist nations use a command economy. Here is a description of market-based socialism. The state centralizes and regulates economic decisions in socialist nations. A dictator or central planning body determines what will be produced, who will produce it, how much will be produced, and who will purchase it.
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What are the 5 principles of recycling?
The five R principles—Refuse, Reduce, Reuse, Recycle, and Recover—are used this to manage plastic trash in an effective manner.
What is recycling beneficial to the environment?As is commonly known, recycling lessens the quantity of trash that is dumped in landfills while also lowering the amount of natural materials and energy required for production by preventing pollution from being created when a scrap metal is utilized to make a new product. It is clear why recycling is essential. Recycling reduces the requirement for mining, quarrying, and forestry to get raw resources, as well as the further refinement and treatment of those assets, all of which cause considerable air and water pollution. Recycling reduces greenhouse gas emissions and saves electricity, which both help fight climate change.
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Both alpha and beta are measures of reliability. True False
The statement "Both alpha and beta are measures of reliability" is a true statement. Reliability in alpha are measured by Cronbach's alpha, that measure internal consistency.
What is alpha and beta in finance?Alpha and beta are measures used by investors to assess the performance and risk of an investment security or portfolio. Beta is a measure of market risk, and alpha tells an investor whether an investment's return exceeds the return its beta predicts.
Alpha is a performance measure used to evaluate the return of an investment security or portfolio after adjusting for market-related fluctuations. Simply put, alpha tells an investor whether an investment's return exceeds the return its beta predicts.
An investment's beta, or beta, is a statistical risk measure that compares the volatility of an investment's or portfolio's return with that of the market as a whole. The market will always have a beta of 1.0. If an investment has a beta greater than 1.0 it is more volatile than the market and if an investment has a beta less than 1.0 it is less volatile than the market.
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a contribution margin of $35 means that ____.
Answer: each sale of an additional unit will contribute $35 toward paying fixed costs.
A contribution margin of $35 means that for every additional unit sold, $35 will be put toward covering fixed costs.
What is a contribution margin?The money that remains only after variable expenses have already been subtracted from overall revenue is known as the net income. It is a gauge of how profitable particular services or items are.
Contrarily, the profit margin is determined as net profits divided by entire sales. The unit's expenses. To reach the bookkeeping break-even point, the company must produce $35 in revenue.
A healthy operating leverage demonstrates the industry's ability to cover the group's maintenance expenses. A negative operating leverage also highlights any problems the with marketplace or product.
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if during the roungs of depositng and lending some people jeep extra currency and fail to deposit all of their reciepts, will ther be more or less money created from the fed's policy action than you found in part f? why?
The amount of money created from the Federal Reserve's policy action would be less because a smaller portion of each loan would be redeposited and available for lending again.
What is the Federal Reserve?
The Federal Reserve, also known as the "Fed," is the central bank of the United States. It is responsible for implementing monetary policy, regulating banks and other financial institutions, and providing financial services to the U.S. government. The Federal Reserve was established in 1913 in response to a series of financial panics that had occurred in the late 19th and early 20th centuries.
What is the role of the Federal Reserve in monetary policy?The Federal Reserve plays a key role in monetary policy, which refers to the actions taken by the central bank to influence the supply and demand of money and credit in the economy. The Federal Reserve uses a variety of tools to implement monetary policy, including setting the target range for the federal funds rate (the interest rate at which banks lend to each other overnight), adjusting the level of reserves held by banks, and engaging in open market operations (buying and selling securities).
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What is the importance of enterprise delivery system in the business operation how this system helps the productivity of the business?
Enterprise systems are beneficial because they boost operational effectiveness while also giving managers access to data about the entire company to aid in decision-making.
What is decision-making?The cognitive process that results in the selection of a belief or a course of action from a wide range of potential alternative alternatives is called decision-making in psychology. It could be irrational and rational at the same time. Making decisions involves a form of reasoning that is based on the decision-values, maker's preferences, and decision-beliefs. maker's Every decision-making process ends with a decision, which may or may not result in action. Research on decision-making is sometimes published under the subject of issue solving, particularly in European psychology research. Making choices can be considered as a process of problem-solving that yields a result that is seen perfect, or at the very least, acceptable.
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What is an example of an open market?
Any investor can participate and all participants are offered the same prices, the stock markets in the United States are considered open markets.
What is an open market?The open market purchase and sale of government securities is known as an Open Market Operation (OMO), hence the name. It is carried out by a country's central bank (the RBI in India). The central bank will buy government securities on the open market to inject liquidity into the monetary system.The Trading Desk at the Federal Reserve Bank of New York is in charge of OMOs. The Federal Reserve is limited in its ability to buy and sell securities. Section 14 of the Federal Reserve Act authorizes OMOs.Open market operations in the debt markets target a specific short-term interest rate under inflation targeting.To learn more about open market refer to :
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How can you improve efficiency and effectiveness of service delivery?
Through the reengineering and automation of key business processes and the integration of systems, the operation helped ANSES deliver services more effectively.
What is automation?Automation refers to a wide range of technologies that reduce human participation in processes by predetermining decision criteria, subprocess linkages, and associated actions as well as recording those predeterminations in machines. A range of methods, most usually in combination, have been used to automate processes, including computers, electronic devices, hydraulic, pneumatic, electrical, and mechanical devices. The benefits of automation include decreases in labor costs, waste reduction, electricity and material cost savings, as well as improvements in quality, accuracy, and precision. Automation is used in the operation of many devices and control systems, including machinery, manufacturing operations, boilers, and heat-treating ovens, as well as the activation of telephone networks, the steering, and stabilization of ships, aircraft, and the other applications and vehicles.
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lee and cody are competitors. each is considering whether to take aggressive action against the other or to cooperate. cody can observe lee's decision. their decision tree is drawn below. suppose lee and cody enter into a binding non-aggression agreement. as part of that agreement they negotiate a fine that cody would have to pay to lee if cody responded to lee's passive choice with aggression. for that fine to be effective, it must be
It must be Cooperation; Aggression.
What is Aggressive Behavior?Social psychology defines aggressiveness as any behaviour or action designed to harm a person, an animal, or damage property physically. a few illustrations of hostile behaviour: physical violent actions. screaming, cursing, and foul language. spreading rumours or talking negatively about a classmate. Aggressive denotes a tendency to dominate, frequently in contempt of another person's rights or in the steadfast and zealous pursuit of one's own goals.
A few examples of aggressive actions are pushing, kicking, biting, and punching. Indirect forms of hostility include name-calling, talking, teasing, bullying, and harassing in public places.
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in the economy of ukzten in 2010, gdp was $8,800, consumption was $5,300, investment was $2,000, government spending was $1,800, and imports were $500. what were ukzten's exports in 2010? group of answer choices -$800 -$300 $200 $300 $800
Ukzten's exports in 2010 is $200. Option c is the correct answer.
A frequently used indicator of the value added produced by the production of goods and services in a nation during a specific time period is the gross domestic product (GDP) . As a result, it also takes into account the money made from that manufacturing, or the sum of money spent on finished goods and services (less imports).
In the given question, we have been given the GDP and other information from which we can calculate the Exports of the ukzten.
GDP= $8,800
Consumption(C)= $5,300
Investment(I)=$2,000
Government spending (G)=$1,800
Imports (IP) =$500
GDP = consumption + investment + government spending + exports - imports
Substituting the given values we get,
8,800=5,300+2,000+1,800+exports-500
Exports=8,800-5,300-2,000-1,800+500
Exports=200.
Therefore, the exports of ukzten is $200.
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The purchasing habits of 1,000 grocery shoppers are noted. No association is found between the variables. Fill in the empty portion of the table with values that would support this claim. Explain your reasoning.
Here is the completed table that shows the purchasing habits of 1000 grocery shoppers :
bought milk bought no milk Total
bought eggs 422 228 650
bought no eggs 150 200 350
Total 572 428 1000
What is a two-way recurrence table?
A two-way or possibility table is a factual table that shows the noticed number or recurrence for two factors, the lines demonstrating one class and the segments demonstrating the other class. The lines of the table let us know whether the understudy inclines toward canines and felines, or doesn't have an inclination.
The all-out number of individuals who purchased eggs = 422 + 228 = 650
The all-out number of individuals who purchased no eggs = 1000 - 650 = 350
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if cost-push inflation occurs and the government adopts a hands-off policy approach, then, according to the simple extended ad-as model, in the long run the economy will multiple choice get back to where it started from. get stuck with high unemployment. experience an inflationary spiral. have a higher price level.
if cost-push inflation occurs and the government adopts a hands-off policy approach, then, according to the simple extended ad-as model, in the long run the economy will get back to where it started from.
What Is Cost-Push Inflation?When total prices rise (inflation) as a result of rising costs for wages and raw materials, this phenomenon is referred to as cost-push inflation, sometimes referred to as wage-push inflation. The overall quantity of output in the economy may decline as a result of higher manufacturing costs.Cost-push inflation is a form of inflation that is thought to be brought on by price rises for significant products or services when there are no viable alternatives. Businesses are compelled to raise the price of their outputs as a result of increasing input costs. It is compared to the demand-pull inflation hypothesis. Both theories of inflation have been advanced at various points, but there isn't enough data to say which is more accurate.
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Is water power a renewable resource?
Renewable energy comes from hydroelectricity. Instead than lowering the amount of water, hydroelectricity harnesses its energy to create power.
The best renewable energy source is hydropower, so why is that?Not only is hydropower a cheap source of clean electricity, but it is also one of the most economically sound forms of energy in general. Furthermore, electricity generated by hydro does not fluctuate in price wildly on the markets for energy commodities because it uses the self-renewing power of our waterways.Renewable energy comes from hydroelectricity.Instead than lowering the amount of water, hydroelectricity harnesses its energy to create power. All hydroelectric projects, whether small or large, run-of-the-river or accumulated storage, therefore, are compatible with the idea of renewable energy.To learn more about Hydroelectricity refer to:
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Do monthly mortgage payments stay the same?
You'll begin paying monthly mortgage payments to your mortgage lender once your loan is closed. Generally, your mortgage payment will remain consistent throughout the term of your loan.
A mortgage is what?A mortgage is a type of loan used to purchase or maintain real estates such as a home, land, or other buildings. The borrower promises to pay the lender back over time, typically in a series of principal-and-interest-only monthly payments.
The asset is then put up as security to safeguard the loan. Borrowers must submit a mortgage application through the lender of their choice and ensure they meet a variety of requirements, including minimum credit scores and down payments.
Mortgage applications must pass a rigorous underwriting process before moving on to the closing stage. The many types of mortgages, such as fixed-rate and conventional loans, will depend on the borrower's demands.
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The more units that are backordered, the ______ the inventory position.
The more units that are back ordered, the lower the inventory position.
The inventory position of a company is a measure of the amount of inventory that is on hand at a given time. A high inventory position indicates that the company has a significant amount of inventory on hand, while a low inventory position indicates that the company has a small amount of inventory on hand.
Backorders, on the other hand, are orders that a company cannot fulfil immediately because it does not have enough inventory to meet demand. The more units that are back-ordered, the higher the demand for the product and the lower the inventory level. Therefore, if a company has a large number of units back-ordered, it is likely that its inventory position is low, as the company is struggling to keep up with demand and is running out of inventory.
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What is an example of paid search?
An example of paid search would be a company bidding on the keyword “shoes” in order to display their ad when someone searches for “shoes” on a search engine.
Paid search is a type of internet advertising where businesses bid on keywords related to their products and services in order to display ads in search engine results pages.
The company would need to pay a certain amount of money for each time their ad is clicked on, and this is referred to as “pay-per-click” (PPC) advertising. By bidding on certain keywords, the company is essentially “paying” to have their ad displayed when someone searches for that keyword.
This type of advertising can be very effective, as the company is only paying for the clicks that its ad receives. This allows them to target potential customers who are already interested in what they have to offer, making it a more efficient way to advertise.
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What are the three main causes of economic growth?
Three fundamental elements propel economic expansion:
Building up of capital stock.Increases in the number of workers or hours worked, for example.Technological progress.What causes economic growth?The increase or improvement in the market value of the goods and services produced by an economy within a specific fiscal year, after accounting for inflation, is referred to as economic growth. Statisticians have typically determined growth as a percentage of real gross domestic product, or real GDP.
Strategies for boosting the economyTwo elements that typically stimulate economic growth are consumer spending and business investment. Tax reductions and rebates are used to give money back to customers and boost spending. Although deregulation is credited with boosting growth by removing limitations on businesses, it can also encourage taking unwarranted risks.
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The initial impact of the repeal of an investment tax credit is to shift?
a. aggregate supply left.
b. aggregate demand left.
c. aggregate demand right.
d. aggregate supply right.
The initial impact of the repeal of an investment tax credit is to shift b. aggregate demand left.
Aggregate demand is the total demand for items in an economy. It is the sum of all spending by households, businesses, the government, and foreigners on domestic items. The aggregate demand curve shows the relationship between the price level and the quantity of goods and services demanded in an economy.
The repeal of an investment tax credit could have a number of effects on the economy. One potential impact is that it could shift aggregate demand to the left. If the repeal of an investment tax credit leads to a decrease in investment spending by businesses, it could result in a reduction in aggregate demand. This could cause the aggregate demand curve to shift to the left, as the economy would be demanding fewer items at each price level.
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What is an example of shorting?
You borrow $100 and sell it for $5,000. Short selling occurs when the price drops quickly to $25 per share, at which point you acquire 100 shares to replace those borrowed, netting $2,500.
Short selling: What is it?When you anticipate that a security's price will fall, you should consider using the short-selling method. To find out how to employ this tactic, keep reading about short sellers. When you want to sell short, you follow the typical stock trading strategy of "buy low and sell high," but you do it the other way around.
You borrow shares of security from a broker and sell them in a short sale if you don't already own them. When you short a position through a short sale, you eventually need to buy-to-cover to close the position.
This requires you to buy back the shares you originally borrowed from the broker and return them to him or her. If you buy the shares back from the short seller at a cheaper cost, you can benefit from the short sale.
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A change in accounting principle requires that the cumulative effect of the change for prior periods be shown as an adjustment to: A) beginning retained earnings of the earliest period presented B) net income of the period in which the change occurred. C) comprehensive income for the earliest period presented. D) stockholders' equity of the period in which the change occurred.
A change in accounting principle requires that the cumulative effect of the change for prior periods be shown as an adjustment to: A) beginning retained earnings of the earliest period presented.
What is the overall impact of the accounting principle change?A one-time adjustment, the cumulative impact of an accounting change cannot be mitigated in subsequent years. As a result of income measures, the cumulative effect is also a result that should ultimately be accounted for in retained earnings.
"A change from one generally accepted accounting principle to another generally accepted accounting principle when (a) there are two or more generally accepted accounting principles that apply; or (b) the accounting principle previously used is no longer generally accepted," states the definition of an accounting principle change.
Therefore, option A is correct.
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What are the three types of vehicles?
The three types of vehicles are Hatchbacks, Sedans, SUVs, MUVs, and many more vehicles.
A vehicle is a machine which tends to transport people or cargo. Thus, the vehicles include the bicycles, wagons, motor vehicles, railed vehicles, watercraft, etc. So, in vehicles there are many types.
However, there are certain different types of cars which are available in the market such as the Hatchback, Sedans, Crossover, minivan, multi purpose vehicle, the sports utility vehicle and the Adventure. Thus, in today’s car market, there are so many options when it comes to style, size, and shape.
Hence, the three types of vehicles are mentioned above.
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Bank loans to business firms
A. are usually short-term in nature.
B. are preferred by the banker to be self-liquidating.
C. may require compensating balances.
D. All of these options
Bank loans to business firms are usually short-term in nature, are preferred by the banker to be self-liquidating and may require compensating balances. The correct option is (D).
What do you mean by the bank loan?A sum of money that a client or company borrows from a bank, frequently with a specific goal in mind.
In a loan, a certain quantity of money is given to another person in exchange for the value or main amount being repaid at a later date.
Before agreeing to provide a borrower a loan, lenders will take into account the borrower's income, credit score, and degree of debt.
A loan may be unsecured, like a credit card, or it may be secured by property, like a mortgage.
Therefore, Bank loans to business firms are usually short-term in nature, are preferred by the banker to be self-liquidating and may require compensating balances.
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Angelo purchased some gifts for his younger brothers and sisters online. He bought a dollhouse for $32. 59, 2 board games for $12. 95 each and 2 movies for $9. 99 each. The web site had a promotional offer of $5 off and no shipping fees for any purchase totaling at least $50. Angelo was charged 7. 25% tax on his total purchase. How much did angelo pay for his online purchase?.
With no shipping fees for any purchase totaling Angelo pay for his online purchase $78.80
The "Shipping Fee" is the amount paid to the business in exchange for using the delivery offerings by the business' Courier Partners. The Type Of goods, the Item's Size, Mass, Dimensions, Volumetric Weight, the Address of Collection or Transportation, and Many other Shipping Conditions set forth in the Corporate Terms part of this Agreement all affect the Shipping Fee.
A cost of bringing goods to either a customer is the shipment fee. The shipment price can be calculated and disclosed by the merchant as they are listing the item. The client has the option to haggle over the shipping cost prior finalizing the transaction.
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on july 1, costa rica adventures issues a $120,000, eight-month, 6% note. interest is payable at maturity. what is the amount of interest expense that the company would record in a year-end adjusting entry on december 31?
On July 1, Costa Rica Adventures issues a $120,000 eight-month bond at 6%. Interest is paid on the due date. Interest expense in the Year End Adjustment entry on December 31st would be $3,600. [Interest expense calculation: (120,000)(6/12)(0.06) = $3,600]
What is interest expense?Interest expense is the cost a company bears on borrowing money. It is a non-operating expense shown in the income statement. It represents interest paid on borrowings such as bonds, loans, convertible bonds, or lines of credit.
What interest is deductible?Types of interest deductions for personal deductions on Schedule A (Form 1040, Personal Deductions) : Eligible Mortgage Interest Rates (if you are the buyer) including Investment Interest (net investment income only).
Where is interest expense on the balance sheet?This is classified as long-term debt on the liability side of the company's balance sheet.
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What is the main advantage of the NAFTA agreement?
The North American Free Trade Agreement (NAFTA) was once implemented in 1994 to encourage exchange between the U.S., Mexico, and Canada. NAFTA reduced or eliminated tariffs on imports and exports between the three participating countries, growing a big free-trade zone.
Why is NAFTA an important agreement?The settlement originated from the free change agreement the United States and Canada signed in 1988. NAFTA eliminates almost all boundaries to trade and funding between the three North American international locations and includes provisions for the safety of intellectual property rights.
Is NAFTA a profitable agreement?The North American Free Trade Agreement (NAFTA) was once created over 20 years in the past to amplify trade between the United States, Canada, and Mexico. Its secondary purpose used to be to make these countries more competitive in the international marketplace. It has been wildly successful in reaching both goals.
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https://brainly.com/question/27372794#SPJ4When people purchase groceries or household goods in most states, they pay an additional percent of the subtotal. What kind of tax are they paying?
When people purchase groceries or household goods in most states, the additional percent of the subtotal they are paying is called sales tax.
The government levies a consumption duty known as a sales duty on the purchase of goods and services. At the point of trade, a standard deals duty is assessed, collected by the shop, and paid to the government. A company is liable for sales levies in a particular governance if it has a nexus there, which, depending on the regulations in that governance, may be a physical position, an hand, an chapter, or some other presence. Only the final consumer of a good or service is needed to pay conventional or retail sales taxes.
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What is an in-Group ?
An in-group is a team of people who pick out with every other based totally on a variety of elements inclusive of gender, race, religion, or geography. Our tendency to distinguish between in-group and out-group contributors has ethical implications.
What is an in-group and out-group?An in-group is a crew to whom you, as a person, belong, and every person else who is perceived as belonging to that group. In- crew participants have tremendous views of every other, and provide every member preferential treatment. An out-group consists of absolutely everyone who does no longer belong to your group.
What is an example of an in-group?We call such corporations in-groups. Fraternities, sororities, sports teams, and juvenile gangs are examples of in-groups. Members of an in-group regularly end up competing with individuals of another crew for various kinds of rewards.
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