A situation that would allow a country to import more goods for the same amount of money is A. The exchange rate for the country's currency increased.
<h3>What happens when exchange rates increase?</h3>
When a nation's exchange rate increases, it means the country's currency is now stronger and can buy more goods.
This means that the country will be able to import more goods for the same amount of money because that amount of money is now more valuable.
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Explanation:
To understand the basic philosophy behind the four factors of production
Land - Labor - Capital - Entrepreneurship
Lets consider an example:
Someday, just finishing your college, you think of starting a pizza business and you start selling pizza's one day. You might end up making a Pizza brand like Pizza Hut.
Here, in this example, to start your pizza shop, you need a place or area, this is known as Land factor. When you start making pizza, you need someone to work in that shop, (or if you doing it by yourself too) there should be at least some human being doing it, this factor is referred as Labor. To start the pizza shop, you need to buy the equipment, taking a shop on rent, or buying it, renovation of the shop etc. All of these things need, of course, Money, which is referred as Capital here. The idea you going to start this business, the courage to make it, definitely makes you an Entrepreneur, in utilizing all other factors effectively and efficiently. Therefore, this is linkage between these four factors of production, and how they fit together.
Answer:
Since there is not enough room here, I prepared the general ledger, the accounts receivable ledger and the schedule of accounts receivable in an excel spreadsheet (attached).
Explanation:
Answer:
Self Employed is the person working in a self owned business. Sole Proprietor is a person solely owning, managing a business.
Explanation:
Self Employment is the term used to depict <u>economic activity</u> of working for self owned organisation, rather than working for someone else. The self owned organisation could be entirely (solely) self owned - sole proprietorship, or co-owned by partners in a limited liability partnership
Sole Proprietor is a business entity owned, managed, run by a single entrepreneur. It is a business legal term given to an <u>economic organisation. </u>In this case, the proprietor necessarily has unlimited liability towards firm's claims. However, its not so always in case of self employment in LLC
Answer:
There were 9 cats at the shelter on Wednesday.
Explanation:
Per day cost to care for each cat = $2.00
Per day cost to care for each dog = $6.50
Total Cost on Wednesday = $44.00
Suppose
Number of cats = C
Number of dogs = D
According to given condition
C + D = 13 (Equation 1)
( each cat's per day cost x Number of cats ) + ( each dog's per day cost x Number of dogs ) = Total coat
2C + 6.5D = 44 (Equation 2)
Multiply (Equation 1) by 2 and we get
2C + 2D = 26 (Equation 3)
Subtract (Equation 3) from (Equation 2)
2C + 6.5D - 2C - 2D = 44 -26
4.5D = 18
D = 18/4.5
D = 4
by placing value of D in (Equation 1)
C + 4 = 13
C = 13-4
C = 9
