A favorable balance of trade occurs when the value of exports is greater than imports, and the trade balance of a nation is positive. In contrast, if imports are greater than exports, a country's trade balance is negative or shows a deficit.
What is the Balance of Trade?Two possibilities can occur while importing and exporting goods: When imports are greater than exports combined over a year, there is a balance of trade imbalance. When a country's entire annual exports exceed its total annual imports, the balance of trade is in excess.
The phrase "favorable balance of trade" is nearly universally used by American economists to refer to an excess of commodity exports over commodity imports, and the converse is true for "unfavorable balance of trade," which is used to refer to an excess of commodity imports over commodity exports.
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Which of the following entry level job requires a four year college degree?
A. Marketing researcher
B. Purchasing agent
C. Graphic designer
D. Retail sales agent
Based on this module, what option would you choose to prepare your taxes? Why? What is one advantage and one disadvantage to using this option to file your tax return?
Answer:
1.1099 form to prepare my taxes
2.The ADVANTAGE is that I will get to fill it out when compare with the W-2 which is already filled out and may take more money than I spent.
3. The DISADVANTAGE is that in a situation where anything I filled in the 1099 form is wrong the IRS may find out which means I will be the one to pay for the damage
Explanation:
1.Based on the module the option I would choose to prepare my taxes is that I will use the 1099 FORM TO PREPARE MY TAXES, reason been that it will gives me an option on telling either the government or IRS of the amount of money I spent in the year.
2.The ADVANTAGE is that I will get to fill it out when compare with the W-2 which is already filled out and may take more money than I spent.
The second ADVANTAGE with the 1099 is that I will definitely get to write an approximate of the amount of money I wasted and the amount of money I needed to get back from the IRS.
3. The DISADVANTAGE is that in a situation where anything I filled in the 1099 form is wrong the IRS may find out which means I will be the one to pay for the damage.
Second DISADVANTAGE is that in a situation where the information I wrote in that form is wrong the IRS will either give me a penalty or charge me more Amount of money.
Which of the following best explains what a forward contract is?
O A. A contract to deliver a particular commodity to a buyer sometime
in the future.
O B. A contract limiting the future liability of one set of partners if a
business fails.
O c. A contract setting a specific price for the exchange of two foreign
currencies
O D. A contract obligating two parties to split payment for a service
from a third party.
Answer:A. A contract to deliver a praticular commodity to a buyer sometime in the future.
Explanation:
A forward contract is a contract to deliver a particular commodity to a buyer sometime in the future. Thus, the correct answer is option A.
What is a forward contract?A forward contract is a tailored agreement between two parties to purchase or sell an asset at a predetermined price on a future date. A forward contract can be used for hedging or speculation, but due to its non-standardized character, it is best suited for hedging.
Forward contracts are called over-the-counter (OTC) instruments because they are not traded on a centralized exchange. Forward contracts, for example, can help agricultural producers and consumers hedge against changes in the price of an underlying asset or commodity.
Financial organizations that initiate forward contracts face a higher level of settlement and default risk than contracts that are marked-to-market on a regular basis.
Therefore, the correct answer is A.
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What might a cruise ship company do to accompany the needs of a single person? Exam Activity 3-1 Hospitality.
Answer:
yes
Explanation: