Answer:
1. False 2. True
Explanation:
1. The candidate for political office announcing that the policy to reduce immigration from abroad which, he says, economics clearly demonstrates will lead to higher output in the long run; is false.
What increases output are the factors of production of which labor is a major component. When there are more people willing and able to work in an economy, they help companies to produce more output but that is not the case when immigration is reduced, obviously that would reduce productivity and output.
2. However his second claim is right, that making trade more open between the US and other countries will increase output on the long run.
Trade barriers like tariffs and duties impede the level of trade between countries which could either reduce the amount of money countries make after netting off custom duties or the price of imported goods are increased by the effect of tariffs. Increased price means reduced demand
Hence if tariffs are replaced with subsidies in open trade, prices of U.S imported goods will fall and demand will increase.
Answer:
B) 1 shifts long-run aggregate supply left, 2 shifts long-run aggregate supply right
Explanation:
Full question
A candidate for political office announces the following policies which, he says, economics clearly demonstrates will lead to higher output in the long run: 1. increase immigration from abroad 2 make trade more open between the US and other countries. A) 1 and 2 both shift long-run aggregate supply left
B) 1 shifts long-run aggregate supply left, 2 shifts long-run aggregate supply right
C) 1 and 2 both shift long-run aggregate supply right.
D) 1 shifts long-run aggregate supply right, 2 shifts long-run aggregate supply left.
Aggregate supply, is the total supply of goods and services produced within an economy at a particular period and a specific price. It is also known as total output The increase in immigration from abroad will not increase aggregate supply or the total output thereby shifting the aggregate supply left meaning a decrease. Making trade more open between the US and other countries will increase the total output in the long run therby shifting the aggregate supply right meaning an increase in the total supply of goods and services produced in a particular period.
Answer:
apply pressure over the aspiration site
Explanation:
Bone marrow aspiration is a difficult and delegate procedure which is performed inside bigger bones which generate red blood cells, white blood cells and platelets. After bone marrow aspiration, the first nursing action must be to apply pressure over the aspiration site to help circulate the blood. A small bandage area is the aspiration site where the needle went to operate the affected area.
Answer:
flexibility
Explanation:
According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:
Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.
c. Firms pay households for land, labor, and capital.
b. Households pay firms for goods and services.
d. Households supply firms with goods and services.
Answer:
d. Households supply firms with goods and services.
Explanation:
The circular flow model of income explains how money circulates among economic agents. Firms pay families wages and rent for land and capital. Families buy the goods and services produced from firms. Thus money circulates between business and citizens. What makes no sense is that families provide firms with goods and services. This is the opposite.
The company purchased a building on January 1, 2019. It cost $700,000 and is expected to have a $45,000 salvage value at the end of its predicted 40-year life. Annual depreciation is $16,375.
Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,000 per month, starting on November 1, 2019. The rent was paid on time on November 1, and the amount received was credited to the Rent Earned account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again.
On November 1, the company rented space to another tenant for $1,812 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Assume no other adjusting entries are made during the year.
Required:
1. Use the information to prepare adjusting entries as of December 31, 2019.
2. Prepare journal entries to record the first subsequent cash transaction in 2020 for parts c and e.
The preparation of the adjusting entries for Arnez Company is as follows:
Debit Supplies Expenses $13,069
Credit Supplies $13,069
Debit Insurance Expense $8,045
Credit Prepaid Insurance $8,045
Debit Salaries Expense $3,800
Credit Salaries Payable $3,800
Debit Depreciation Expense $16,375
Credit Accumulated Depreciation $16,375
Debit Rent Receivable $2,000
Credit Rent Revenue $2,000
Debit Unearned Rent $3,624
Credit Rent Revenue $3,624
1. Supplies expenses = $13,069 ($3,075 + $12,700 - $2,706)
Supplies Expenses $13,069 Supplies $13,069
2. Insurance Policies:
Policy Date of Purchase Months Cost Insurance
of Coverage Expense
A April 1, 2017 24 $ 10,824 $1,353 ($10,824/24 x 3)
B April 1, 2018 36 $ 9,576 $3,192
($9,576/36 x 12)
C August 1, 2019 12 $ 8,400 $3,500
($8,400/12 x 5)
Total Insurance Expense for 2019 $8,045
Insurance Expense $8,045 Prepaid Insurance $8,045
3. Salaries Expense $3,800 Salaries Payable $3,800 ($1,900 x 2)
4. Depreciation Expense $16,375 Accumulated Depreciation $16,375
5. Rent Receivable $2,000 Rent Revenue $2,000
6. Unearned Rent $3,624 Rent Revenue $3,624 ($1,812 x 2)
Learn more about adjusting entries at brainly.com/question/13933471
Answer:
supplies expense 13069 debit
supplies 13069 credit
insurance expense 12,844 debit
prepaid insurance 12,844 credit
depreciation expense 16,375 debit
acc dep- building 16,375 credit
rent receivable 2,000 debit
rent revenue 2,000 credit
unearned revenue 3,624 debit
rent revenue 3,624 credit
Explanation:
cosumption of supplies:
beginning 3,075
purchases 12,700
ending (2,706)
expense 13,069
insurance:
April 1st 24 months 10,824
April 1st 36 months 9,576
August 1st 12 months 8,400
expired insurance:
10,824 x 8/24 = 7,216
9,576 x 8/36 = 2,128
8,400 x 5/12 = 3,500
total 12,844
for depreicaiton we recognize the amount per year
the rent earned is only Decemeber so we recognize for that amount
then we have the other tenant which pais 5 months, 2 has expired so we accrued for that:
1,812 x 2 = 3,624
The Reconstruction Finance Corporation (RFC) was established in the United States in 1932 during the Great Depression.
Its primary purpose was to provide financial assistance to banks, industries, and other businesses in need of capital to stimulate economic recovery.
The beneficiaries of the RFC were mainly large corporations, such as automobile manufacturers, railroads, and financial institutions, which received loans and assistance to stabilize their operations.
By providing financial support, the RFC aimed to prevent widespread bankruptcies and unemployment, thus benefiting both the businesses receiving aid and the broader economy by promoting stability and revitalization.
Learn more about reconstruction finance here
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