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What is policy that a nation should sell more goods than it purchases?
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If policy makers are worried about inflation what would be a correct fiscal policy change?
A fiscal policy solution to inflation would be to either increase taxes or decrease government spending.increase the tax rate
Suppose a customer purchases only 2 goods Can both goods be luxury goods?
The goods are deserts The goods are deserts
Who makes purchases of goods and services for personal use is considered to be a?
peter
Why are environmental regulations sometimes considered unfair barriers to trade?
If "Nation A" has stricter laws for environmental protection than "Nation B" and if these laws restric the ability of "Nation B" to to export its goods to "Nation A", then by the policy of WTO and the EU nation A's environmental protection laws could be oerruled in the name of free trade.
Are cost of goods available for sale the same as cost of goods manufactured?
No, because cost of goods manufactured is part of the first. Cost of goods available for sale also includes purchases
What are the journal entries you write for Purchase of Goods Purchases?
Debit Purchases / Goods purchasedCredit Cash / bank
What is the formula to calculate purchases?
1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases
What is the formula to calculate net purchases?
1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases
If policy makers are worried about inflation what would be a correct fiscal policy change?
A fiscal policy solution to inflation would be to either increase taxes or decrease government spending.increase the tax rate
Suppose a customer purchases only 2 goods Can both goods be luxury goods?
The goods are deserts The goods are deserts
How do you calculate net purchases when preparing a cost of goods worksheet?
solution in finding the purchases
Are purchases expenses or costs?
Purchases are costs until those purchases are converted into sellable goods and actually sold for revenue.
What was mercatilism?
An economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests commerce: transactions (sales and purchases) having the objective of supplying commodities (goods and services)
What are credit purchases?
credit purchases are goods that you buy on credit and and pay little by little to pay to the person you owen.
System of rationing designed to limit?
Purchases of consumer goods
Is cost of goods a purchase?
In trading business normally cost of goods sold includes purchases but in manufacturing business cost of goods sold is more than just purchases and included all direct expenses to make products.
What is Mercantilists?
a policy based on on the idea that a country should sell more goods than it buys
