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Give an explicit explanation of expenditure switching and expenditure dampening?
Wiki User
∙ 12y ago
expenditure switching policy is a policy which government tends to switch the consumer's purchase on foreign goods to domestic goods whereas expenditure dampening policy which also known as expenditure reducing policy is a reducing the consumption of imported goods to ensure the balance of payment of a country to become worsen.
Wiki User
∙ 12y ago
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Why accounting profit is higher than economic profit?
First of all, we need to understand what is explicit cost and implicit cost. Explicit cost mean real expenses, while implicit cost mean opportunity cost. In accounting profit, we only minus explicit cost, while in economic profit we minus explicit cost and implicit cost. therefore accounting profit is higher than economic profit.
Describe the differences between implicit costs and explicit costs?
Explicit costs are those that are a result of a product. Implicit costs are costs that are associated with a product, but they can't be directly linked to the product.
Do you pay for things even when there is no explicit price or do you pay for good weather?
If you are in a shop and you find an item that does not have an explicit price, this does not mean that you do not have to pay for it. The best thing to do is find an employee of the store and inquire as to the price.
Explicit costs are payments the firm makes for?
Inputs such as wages and salaries to its employees.
True or False. Accounting profit equals sales revenue minus explicit costs?
True
What are implicit and explicit?
Explicit costs are payments the firm makes for inputs such as wages and salaries to its employees, whereas implicit costs are non-expenditure costs that occur through the use of self owned resources such as foregone income.
How do you spell explitive?
This is likely the incomplete spelling of the word explanation.
What are examples of something explicit?
explicit instructions; an explicit act of violence; explicit language.He was quite explicit as to what he expected us to do for him."generalizations that are powerful, precise, and explicit"
What are explicit messages?
The word explicit is often used in the sense of sexually explicit.
What does explicit mean in tagalog?
explicit in Tagalog:maliwanag
What is an explicit theme?
An explicit theme is usually stated outright by a character in the play. (APEX)
Is the information that Clarissa is happy explicit or implicit?
explicit
When was Explicit Ills created?
Explicit Ills was created in 2008.
What is a sentence using the word explicit?
They were explicit in their criticisms of the plan. Explicit nudity or sexual activity is normally classed as pornography.
What is the difference between explicit and implicit?
explicit is clearly stated and implicit is not clearly stated
Why hypothesis always explicit?
no hypothesis is explicit because it is just a guess ~.~
What is the Root word of explicit?
'Explicit' is a Latin word meaning 'he, she, or it explains'.
