Why do economists pay attention to the balance of trade?

Answers

Answer 1

Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.

Why is a balance of trade vital to the economy?

The Balance of trade plays a significant role in the calculation of the Gross Domestic Product of a country. As a part of GDP calculations, exports are brought and imports are subtracted from the total.

The more the change surplus, the more the GDP of a country.

Therefore, Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.

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Related Questions


Several coworkers of yours at the local swimming pool have been taking snacks from the snack bar without paying. This is an example of:
O property deviance.
O production deviance.
O personal aggression.
O political deviance

Answers

This is an example of property deviance. Thus the correct option is (B).

What is production deviance?

Production deviance is conduct that formally transgresses the established organizational standards on the minimal standard of quantity and quality of work that must be completed in order to perform one's duties.

The coworkers are wasting the resources of the company and as well as polluting the swimming pool by eating snacks. This is an appropriate example of property deviance.

Thus the correct option is (B).

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can u solve this plsss​

Answers

The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.

What is Financial Liberalization?

This refers to the removal of regulatory control in the financial sector to promote economic growth.

The government of Japan faced an economic crash that threatened to cripple the economy due to stock market crash, failing banks, etc and there was the use of risk-based capital to try and prevent this, amongst other solutions.

Hence, we can see that the key aspects of the liberalization program were:

MergersAcquisitions.

The key criticism of the program is that it failed to address the scale of the problem and the solution was only short-term.

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Why can a credit union lend money to members at reduced rate

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Answer:

Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.

-transposition
-reversal of entries
-original entry
-omission

•Ethan records $1,000 as a rent expense; however, the actual rent paid was
$1,500.
•Ethan records stationery expenses as $251, but it should have been $215.
•Ethan records salaries of $5,000 as credits instead of debits.
•Ethan made a subtraction error while analyzing the profit on the sale of an
asset.
•Ethan completely overlooked stationery expenses of $115.
calculation
1000
Match each definition to each example.

Answers

Accounting error are errors committed in accounting, which are not intentional.

What is accounting error?

These are unintentional errors committed in accounting, which are often corrected when spotted.

Matching each definition to each example is shown below:

Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500  Original entryEthan records stationery expenses as $251, but it should have been $215    TranspositionEthan records salaries of $5,000 as credits instead of debits. Reversal of entriesEthan made a subtraction error while analyzing the profit on the sale of an asset.  CalculationEthan completely overlooked stationery expenses of $115.  Omission

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You have been asked to study the effects of an employee-wide training program, in a company of 500 employees, designed to reduce the amount of customer complaints. Describe how you would carry out the study, including the variable or variables you would collect, how you would measure those variables, and what would indicate success.

Answers

The effects of an employee-wide training program,  will be done to improve the employee performance via good training programs.

What is the research about?

The research method will be a qualitative research. In the work, we are going to analyze and understand and see the theoretical aspect and models linked to employee development via training and development programs, and the influence on employee performance.

The study  will give a background about good training effectiveness and how it leads to boasting the employee performance as well as others.

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1. What industry forces might cause a propitious niche to disappear?

Answers

If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.

A skilled nursing facility chain is considering building a new facility on a piece of property that it currently owns. The property was purchased five years ago for $250,000 and could be sold now at a current market value of $100,000. When estimating the cash flows for the new facility, what amount should be included to recognize the opportunity cost of using the land for the proposed project?

Can someone explain why it is -$100,000 vs $-150,000

Answers

Based on the value of the land, the recognized opportunity cost for the project is -$100,000.

What is the opportunity cost of the land?

When a new project is about to be embarked on, the relevant value of the resources to be used is the current value of the resource.

In this case, the current value of the land is $100,000 which will therefore be recorded as the opportunity cost. The reason it is negative is that it represents a loss on the original purchase.

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Select the correct text in the passage.
Which sentence identifies business-to-business advertising?
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Reset
Next

Answers

Answer:

It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality.

Explanation:

A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market

size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous

award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade

journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing

frequency of reach.

Answer: it also won a contract with a security solution agency, which saw the company advertised discounts on CCTV cameras in a trade journal.

Explanation: edmentum

If you had to formulate some goals for cash buil,what would they be

Answers

Answer:

I would want them to be a reasonable price. I would also want them to be a reasonable goal.

Explanation:

I would want them to be a reasonable or average goal.

Based on the Americans with Disabilities Act, organizations may be deemed discriminatory to those with disabilities if they​

Answers

According to the Americans with Disabilities Act organizations may be deemed discriminatory to those with disabilities if they​ are biased with employment.

What are the Americans with Disabilities Act?

ADA for short is an act that protects the rights of persons living with disability in America, especially in Transportation, communication, employment, and access to government services.

The purpose of this act is to make everyone inclusive in all areas of society.

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