Business, 21.04.2020 15:47 kiaragoodman7117
Isabel is a self-employed electrician. All cash payments she receives from customers are deposited into a bank account held in the name of her son. Isabel does not use the funds. Therefore, she thinks she does not need to include the cash receipts in her gross income. Which concept or doctrine applies to this situation
Answers: 2
Business, 22.06.2019 00:50, tommyaberman
Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?
Answers: 1
Isabel is a self-employed electrician. All cash payments she receives from customers are deposited i...
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