The price of oil falls by only a small amount because: if ANWR oil is sold would not change substantially if our estimates of the elasticities of supply. The degree of supply elasticity indicates how well a producer can adjust to variations in demand. It can be impacted by a variety of things.
What three forms of supply elasticity are there?Perfectly elastic, elastic, unit elastic, inelastic, and perfectly inelastic supply are the several forms of supply elasticity. At some price, the price elasticity of a completely elastic supply curve is infinite.To learn more about Elasticities of Supply, Click the links.
https://brainly.com/question/28192591
https://brainly.com/question/13572905
#SPJ4
In a simple circular-flow model, there are flows of _________ and flows of _________.
In a simple circular-flow model, there are flows of "Factors of production; goods and services" and flows of "Funds received from the sale of factors of production; spending on final goods and services".
This is further explained below.
What are the Factors of production?Generally, The materials that make up the economy's fundamental building blocks are known as factors of production; these are the things that people rely on in order to generate commodities and services. Land, labor, capital, and entrepreneurial initiative are the four subcategories that economists use to classify the components of production.
In conclusion, There are streams of "Factors of production; products and services" and flows of "Funds obtained from the sale of factors of production; expenditure on final goods and services" in a straightforward model with circular movements of materials and money.
Read more about Factors of production;
https://brainly.com/question/988852
#SPJ1
If an entrepreneur gives up her job to start a new business, the forgone earnings are:______.
If an entrepreneur gives up her job to start a new business, the forgone earnings are implicit costs.
What is implicit cost?
Implicit costs are a special kind of opportunity cost: they represent the cost of the company's existing resources that could have been used in another way. An entrepreneur who runs a firm, for instance, could use her labor to pay the bills at a job.
Therefore,
If an entrepreneur gives up her job to start a new business, the forgone earnings are implicit costs.
To learn more about implicit cost from the given link:
https://brainly.com/question/7824689
In the country beta it takes two hours of labor to produce a unit of tea and four hours of labor to produce a unit of bread. In the country zeta it takes three hours of labor to produce a unit of tea and nine hours of labor to produce a unit of bread. Which of the following is true? a. country zeta has an absolute advantage in producing both tea and bread. b. country zeta has an absolute advantage and a comparative advantage in producing tea. c. country beta has an absolute advantage and a comparative advantage in producing tea. d. country beta has the lower opportunity cost in producing bread and therefore a comparative advantage in producing bread. e. country beta, with trade, will export both tea and bread to country zeta.
The true statement is country beta has an absolute advantage and a comparative advantage in producing tea. (option c).
What is absolute and comparative advantage?A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
The opportunity cost of producing one unit of tea for country beta = 4/2 = 2 hours
The opportunity cost of producing one unit of tea for country Zeta = 9/3 = 3 hours
The opportunity cost in the production of tea is lower for country Beta. Thus, it has a comparative advantage in the production of tea.
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.
Country Beta produces 1 unit of tea in 2 hours and it takes country Zeta 3 hours. Because it takes country beta less hours, it has an absolute advantage in the production of tea.
To learn more about comparative advantage, please check: https://brainly.com/question/25139916
#SPJ1
When courts find accountants liable for constructive fraud, the implication is that:______.
Even if they were unaware of the fraud, accountants may be held accountable for it.
How does constructive fraud work?A legal fable known as "constructive fraud" describes a circumstance in which a person or organization obtained an unfair advantage over another using dishonest or unjust means. As opposed to true fraud, no proof of intent is required. The failure to inform clients of product flaws is one example of unfair practices.
The elements are:
1) a duty owed by the party to be charged to the complaining party due to their relationship;
2) violation of that duty by making deceptive material misrepresentations of past or current facts or remaining silent when a duty to speak exists; and
3) reliance on such statements by the complaining party.
To know more about fraud visit:
https://brainly.com/question/13117730
#SPJ4
__________ is the visitation of natural areas for enjoyment, often in areas near less-affluent communities that economically benefit from conserving the natural area.
Ecotourism is the visitation of natural areas for enjoyment, often in areas near less-affluent communities that economically benefit from conserving the natural area.
What is Ecotourism?Ecotourism is defined as "responsible travel to natural areas that preserves the environment, preserves the wellness of local people, and involves interpretation and education."
A journey to the Galapagos Islands is an illustration of ecotourism since it protects the local wildlife and ecosystem while allowing visitors to observe and engage with it.
Thus, it is Ecotourism.
For more details about Ecotourism, click here:
https://brainly.com/question/10705600
#SPJ1
When you include discouraged workers and unemployed workers in calculations of the unemployment rate:____.
When we include discouraged workers and unemployed workers in calculations of the unemployment rate much higher than the official unemployment rate.
The official unemployment rate. It is the total number of unemployed people who are expressed as a percentage of the civilian labor force. The formula to calculate official unemployment rate is, (Total Unemployed ÷ Labor Force) x 100. The discouraged workers are the total number of unemployed people. It is expressed as the percentage of the civilian labor force plus discouraged workers. The formula for calculation is ( (Total Unemployed + Discouraged Workers) ÷ (Labor Force + Discouraged Workers) ) x 100.
Learn more about Unemployment.
https://brainly.com/question/13280244
#SPJ4
What must an agent do if a buyer or seller refuses to sign the required ny disclosure form?
Finish up a declaration form that depicts current realities of what occurred.
#SPJ4
What+is+the+percentage+of+total+current+assets+in+terms+of+total+assets+for+walmart+for+the+year+of+2016?+(answer+in+number+format+with+%+unit+-+for+example,+25.6%)
What is the percentage of total current assets in terms of total assets for Walmart for the year of 2016? is 30.2%
Describe current assets.
All company-owned assets that can be turned into cash within a year are recorded in the Current Assets account, a line item on the balance sheet located under the Assets heading. Current assets are things that have their worth recorded in the Current Assets account.
Current assets are liquid assets such as cash, cash equivalents, accounts receivable, stock inventory, marketable securities, and pre-paid liabilities. Another name for current assets is current accounts.
In the Assets part of a company's balance sheet, Current Assets is always the first account reported. The Current Assets account is made up of a number of subsidiary accounts.
To know more about current assets
https://brainly.com/question/24848903
#SPJ4
The concept of restrictive practices in the u.s. market economy is ____________________.
The idea of restrictive practices is constantly changing in the American market economy.
What exactly is a restrictive practice?
A restrictive practice is when someone is forced to do something against their will or is prevented from fulfilling a desire.
What harm might restrictive practices bring about?
Additionally, restraint may be utilized by law enforcement, emergency transport services, remand facilities, and prisons. Restrictive practices can have a negative impact on one's mental and physical health, harm the therapeutic alliance, and violate one's human rights.
To know more about restrictive practices
https://brainly.com/question/28013213
#SPJ4
financial accounting primarily deals with the methods accountants use to provide information to an organization’s internal users.
Financial Accounting primarily deals with the methods accountants use to provide information to an organization’s internal users is false.
The basic role of Financial Accounting is to allow outsider to assess the value of an association.
Financial Accounting is a specific piece of accounting including a course of recording, summarizing, and enumerating the bundle of trades coming about in view of business undertakings all through some unclear time span.
The structure directs the guidelines, cycles, and norms for monetary recordkeeping.
These exchanges are summed up in the readiness of fiscal summaries, including the balance sheet, pay proclamation, and income explanation, that record the organization's working exhibition over a predetermined period.
To learn more about Financial Accounting.
https://brainly.com/question/28261674
#SPJ4
Employers who require the use of personal mobile devices in the workplace must also reimburse their employees for cellular voice and data usage. True or false
False, Employers who mandate the use of personal mobile devices at workplace are not required to pay back their staff members' cellular voice and data costs.
More about mobile devices in the workplace:
Businesses are using mobile devices to increase productivity because the nature of the workplace is changing, altering how, when, and where many of us work.
Despite the fact that mobile solutions have long been a key factor in businesses' success, the pandemic has really brought to light the many ways they boost productivity in the workplace. This occurs at a time when it may be more important than ever for organisations and employees to operate at optimal efficiency.
Learn more about workplace here:
https://brainly.com/question/4312895
#SPJ4
How do delivery companies track packages? group of answer choices
a. they use code-scanning technology.
b. they use gps.
c. they use robotic arms to load packages.
d. they use a learning management system.
Companies track packages through code-scanning technology
What is code-scanning technology?It is a machine-scannable image that a smartphone camera can instantaneously read. Numerous black squares and dots that stand in for various pieces of information make up each QR code. Your smartphone will transform the data when it scans this code into a form that humans can understand. A camera or other imaging device can scan a QR code, which is made up of black squares in a squ in a square grid on a white background. Reed-Solomon error correction is then used to process the picture so that it can be properly decoded.
There would be a catastrophic amount of errors introduced. By organizing the process of gathering and tracking product data, barcodes aid in preventing these occurrences. The fact remains that mistakes are expensive. A tool for finding potential security problems in an application is code scanning.
Hence, companies track packages through code-scanning technology.
To learn more about code-scanning technology refer to:
https://brainly.com/question/28431875
#SPJ4
If a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will __________--
If a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will increase
How to illustrate the information?Identifying, assessing, and improving upon current business processes within a company for optimization and to achieve new quotas or standards of quality is the proactive activity of process improvement.
Process improvement seeks to find and fix flaws in your company's procedures in order to increase productivity and quality. Reduce bottlenecks in your business's processes and help in reducing spending.
It should be noted that when there's a reduction in time due to wastage, it will bring about an improvement.
Therefore, if a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will increase
Learn more about improvement on:
https://brainly.com/question/24839581
#SPJ1
The company has return on equity of 30 nd stockholders' equity of $4,000,000. what is the company's net income?
The company has return on equity of 30 nd stockholders' equity of $4,000,000. what is the company's net income is 840000 (1200,000 - 4000000*.30).
By calculating a company's return on equity (ROE), one can determine how well its owners' equity investments are producing income.
If any total debt was utilized to finance the company's purchase or operations, you can calculate the net equity value by deducting that amount from the enterprise value.
Take the gross income, which is the whole amount of money earned, and deduct costs like taxes and interest payments to get at net income.
Net income for an individual is the amount that they really receive from their paycheck each month as opposed to the gross amount they are paid before payroll deductions.
To learn more on net income
https://brainly.com/question/15570931
#SPJ4
The assigns punishments to companies whose employees are involved in forms of workplace deviance. True or false?.
The U.S Sentencing Commission assigns punishments to companies whose employees are involved in Serious forms of workplace deviance.
What are workplace deviance?In group psychology, workplace deviance is defined as the conscious (or purposeful) desire to hurt an organization, more especially a workplace. In the area of organizational communication, the idea has grown to be crucial. The phrase "voluntary conduct that breaches established standards and, in doing so, harms the organization's well-being" is more accurate. People frequently form psychological contracts with their firms, and as a result, employees frequently develop a set of expectations about their job. The employee may "perceive a psychological contract violation by their employers" when expectations are not met.
To know more about workplace deviance, visit;
https://brainly.com/question/14636872
#SPJ4
Comparing vendor invoices to inventory prices, obtaining lower of cost or market data and recalculating deprecation schedules relate to the ______ assertion.
The correct answer is valuation and allocation.
You may list and keep track of the inventory goods you get from your suppliers using inventory receipts. Despite the fact that inventory items may be delivered with or without inventory receipts, all inventory items must first be listed on inventory receipts in order to produce, store, and pay purchase invoices.
What should a vendor invoice contain?When a consumer purchases products and services on credit, the provider creates and sends an invoice. Vendor invoices comprise the sum due, tax amounts, freight and delivery costs, the due date for payment, and the address to make the money to.
A vendor bill is an invoice that the business receives for goods and services it has acquired from suppliers and is thus counted as a cost.
To know more about Valuation, visit: https://brainly.com/question/17233703
#SPJ4
Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor of $5 per gallon of milk, the.
If the equilibrium price of a gallon of milk is $4 and if the government imposes a price floor of $5 per gallon then, the quantity supplied of milk will exceed the quantity demanded.
Price floor prevents a price from falling before a certain level. When a price floor is set above the equilibrium price, the quantity supplied will exceed quantity demanded, and excess supply or surpluses will result. On the other hand, when a price floor is set below the equilibrium price, quantity demanded will exceed quantity supplied and excess demand will result.
Learn more about demand and supply:
https://brainly.com/question/1342403
#SPJ4
How to prepare a check to replenish the fund for the expenditrues made since may 1?
Answer:
No , silly American..
Explanation: Cuz I'm from Russia
A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a?
A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a timeshare.
What does California's legislation on subdivided land serve?The primary goal of the Subdivided Lands Act, a consumer protection law, is to guarantee that proper disclosures are given. The California Department of Real Estate interprets and applies the Subdivided Lands Act, which governs public offers of land in subdivisions for sale or lease.
In order to ensure that new development occurs in a timely manner and that services like roads, utilities, open space, and other services are adequately provided, the California Subdivision Map Act grants local governmental agencies the authority to regulate and control the design and improvements of subdivisions.
Learn more about legislation refer
https://brainly.com/question/3054689
#SPJ4
Adam corporation uses the cash-basis of accounting. adam corporation should record expenses when:_____
Adam corporation uses the cash-basis of accounting. Adam corporation should record expenses when paid. It is because Adam corporation continues to utilize the cash-basis accounting technique, which only records transactions if there are cash revenues or payments, this is the case.
Revenue is only recognized on the income statement under cash basis accounting when cash is received. Only when money is handed out in cash are expenses documented.. Small enterprises often employ the cash technique. The biggest advantage of the cash system is how straightforward it is—it only keeps track of cash that is delivered or received. The monitoring of a company's financial flow is also made easier.
#SPJ4
In a pure command economy, the prices at which goods and services are sold are planned by the.
In a pure command economy, goods and services prices are planned by the central government.
In a pure command economy, the centeral government is responsible to set the prices for goods and services sold in the market. The central government is also responsible to set the production of the goods and services being sold in the market. Because the main goal of the central government is to create equality in society.
In a pure command economy, government fully controls the distribution and production of goods and services to control the monopoly, and prices and dictates the external entrance into the market. While the free market system decides the prices of goods and services based on the relationship between demand and supply.
In a free market system, producers or private companies set production and produce goods and services based on the demand for these goods and services in the market.
Therefore, in a pure command economy, the prices of goods and services are set or planned by the central government.
You can learn more about command economy at
https://brainly.com/question/1362251
#SPJ4
Over 40 percent of member nations of the international monetary fund have?
Answer:
What? Silly , silly American, supports silly Ukraine, Ukraine. Bad and poor country. With silly beautiful girls witches
Suppose you find a production possibilities frontier (ppf) that is shaped like a straight line. what can you determine about the production of the two goods?
Anywhere along the PPF, the production of the two items is subject to continual opportunity cost.
What does Production Potentials Frontier mean?
The production possibility frontier (PPF) is a curve on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. Another name for the PPF is the production possibility curve. PPF also has a significant role in economics. For instance, it can indicate that a nation's economy has reached its peak efficiency.
To learn more about Production Possibilities Frontier
https://brainly.com/question/25071524
#SPJ4
when a cashier is deciding how many hours to work, the marginal benefit she should consider is and the marginal cost she should consider is .
The marginal benefit to be considered by the cashier is the hourly pay, and the marginal cost will be the hourly value of time off.
What is marginal benefit?Marginal benefit is defined as the maximum value that a consumer can pay for a good or service, although another definition can be the utility and satisfaction that a buyer acquires for a good or service.
In this case, if a cashier is deciding the number of hours she should work, for a marginal benefit she should consider the payment she will receive for each hour of work.
On the other hand, if she wants to know the marginal cost, she must determine the free time or hours based on the payment she does not get for them.
Learn more about marginal benefit in:
https://brainly.com/question/3004914
#SPJ4
When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a(n):_________
When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a GIFT.
What is a gift for tax purposes?For the purposes of taxation of property, a gift refers to a property that a taxpayer gives to another taxpayer while both are still alive.
Another requirement for the property to be a gift is that the person who gave it, should expect nothing in return. Gifts are not as taxed as other transactions.
Find out more on taxable gifts at https://brainly.com/question/27015438
#SPJ1
During exponential growth, the number of individuals added per unit time increases, while the _____ stays the same.
During exponential growth, the number of individuals added per unit time increases, while the per capita growth rate stays the same.
What is per capita growth rate?
The first factor that affects population size is the per capita population growth rate, which measures how quickly the population grows as a whole per person. The population's rates of birth, mortality, emigration, and migration influence this growth rate.
named indicator GDP expansion (GDP per capita growth) brief explanation GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
Therefore,
During exponential growth, the number of individuals added per unit time increases, while the per capita growth rate stays the same.
To learn more about per capita growth rate from the given link:
https://brainly.com/question/28104383
The adjusted trial balance provides account balances reported in which financial statements?
The adjusted trial balance provides account balances reported in which financial statements:
Statement of stockholders' equity
Balance sheet
Income statement
What is Income statement?
One of the most often and important financial statements you're likely to see is an income statement. Income statements, sometimes referred to as profit and loss (P&L) statements, include the cumulative effect of revenue, gain, expense, and loss transactions and include a summary of all income and expenses for a specific period.
Therefore,
Statement of stockholders' equity
Balance sheet
Income statement
To learn more about Income statement from the given link:
https://brainly.com/question/15169974
#SPJ4
On june 1, pizza company paid $100 for advertisements to be run on june 1. pizza company's entry to record this payment will include a $100 ______.
On june 1, pizza company paid $100 for advertisements to be run on june 1. pizza company's entry to record this payment will include a $100 Credit to cash and debit to advertising.
In double-entry accounting, debits and credits are entries made in account ledgers to record value changes brought on by company transactions. Each transaction transfers money from credited accounts to debited accounts. A debit entry in an account reflects a transfer of value to that account, and a credit entry represents a transfer out of that account.
In order to distinguish between debits and credits, an account book's transfer amounts are typically written in different columns. Alternatively, they can be written in a single column with the suffix "Dr" for debits or just writing them plain, and "Cr" for credits or a minus sign. Despite the minus sign, positive and negative numbers are not directly correlated with debits and credits.
To learn more about debits click here:
https://brainly.com/question/12269231
#SPJ4
Assume an initial equilibrium at d1 and s1 with a price of $1.20 million per machine. if the government places a $100,000 excise tax on each new scanner sold, the new equilibrium price will be:_____.
The price of the new equilibrium will be less than $1.30 million.
What Exactly Is Equilibrium?
Prices stabilize when market supply and demand are equal. Equilibrium refers to this. In general, a surplus or excess lowers prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.
When supply and demand balance one another, a state of equilibrium is created.
A market is considered to have attained equilibrium when the supply and demand for a good or service are equal.
Consistent agent conduct, a lack of motivation for agents to change their behavior, and the dynamic nature of equilibrium outcomes are three features of an equilibrium market.
To know more about Equilibrium
https://brainly.com/question/517289
#SPJ4
amos' antiques, inc., is characterized by separation of management from ownership and by clearly defined lines of authority and responsibility. these characteristics are consistent with the principles of
These characteristics are consistent with the principles of: bureaucratic organizations.
The main criticism advanced against scientific management by the psychologists is that it's mechanical in approach. He has practically no say in determining the policies with relation to work.
Human resources management involves all management decisions and actions that affect the link between the organization and its employees – in other words, its human resources. HRM refers to the management of all decisions within a company that are associated with people.
Scientific management implies the appliance of science to the task management of an industrial concern. Scientific management may be a thoughtful, organized human approach to the task of management as contrasted with hit or miss, rule of thumb.
Over speeding - the scientific management lays standard output, time so that they should rush up and finish the ad time. These have adverse effects on the health of workers.
learn more about management: https://brainly.in/question/5026516
#SPJ4
