Answer:
- production of X good
- increase
Explanation:
Production of good X over production of good Y (PX / PY) represents the opportunity cost of producing good X instead of good Y. The lower the ratio, the lower the opportunity cost. A lower opportunity cost results in a comparative advantage in the production of good X.
If the country starts to trade it will need to produce more of good X in order to exchange for other goods.
Answer:
bank teller is an employee of a bank whose responsibilities include the handling of customer cash and negotiable instruments. In some places, this employee is known as a cashier or customer representative. Most teller jobs require experience with handling cash and a high school diploma.
Explanation:
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Answer:
D. Julia saves more in rent than she spends on commuting to work
Explanation:
As we are rational agents, we need to optimize our resources in this exercise are money and time, in the statement Julia walks to her job but does not say anything about she dislikes commuting, but Amanda dislikes that, nevertheless when she decide move to the suburb further away must be a logical decision it means that she is going to save more in rent than she spends on commuting, it's a decision that is not influence for the Amanda behaviour and the options B and C don't have sense and there are lack of information to assume that, for this the answer is D it's a stuation when she wins
Option c. A current liability is a correct answer. The amount of federal income taxes withheld from an employee's gross pay is recorded as a current liability
Under employment law, employers operate as intermediaries between employees and state and federal agencies. It is the obligation of employers to track and pay taxes, social security, and other payments from employee pay to government agencies.
The company must remit the amount withheld each quarter which means the amounts are owed in the current period. When taxes are paid, the FIT Payable account is debited to balance the transactions.
Option a) is incorrect as no asset is created by the withholding.
Option b) is incorrect as the taxes are not an expense paid by the company.
Option d) is incorrect as the payable operates as a normal liability account.
Learn more about income tax:
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Answer:
B. transfer
Explanation:
Transfer payment is when income is received and neither goods or services are exchanged.
Transfer payment is a form of reallocation of resources.
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