If the world price for a good exceeds the before-trade domestic price for a good, then that country must have a comparative advantage in the production of the good.
The domestic price level represents the current price of a particular good or service in an economy. Government agencies or national economists tend to look at different price levels to gauge how prices rise or fall, which is economically known as inflation and deflation, respectively.
- If the world price is lower than the domestic price of a good in a country, allowing free trade will reduce that country's total surplus. When the world price of a good is lower than the domestic price of a good, the imposition of a tax on an imported good will increase the total surplus in the market.
- Economic pricing theory asserts that in a free market economy, market prices reflect the interaction between supply and demand: prices are set to match the quantity supplied and the quantity demanded.
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Answer:
Hello There!!
Explanation:
It is a type of loan that's used to finance property.It is an agrement between the person that borrows it and the person that lends it
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Quality assurance is the other way
A. Platinum
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Answer:
b. $200,000 $400,000
Explanation:
As it given that $800,000 received by Kiley, out of which $400,000 is the security deposit amount and remaining $400,000 represents the current year and the next year rent
So we assume $200,000 is the current year rent revenue and the other $200,000 represents the unearned rent revenue which is reflected as a current liability
And, the security amount is shown as a long term liability
