is it legal for south African firms to collude with one another to set prices ,provide some evidence in support of your answer

Answers

Answer 1

Answer:

Well that depends if their collusion was done lawfully or unlawfully. If they followed guidelines under their law then they did nothing wrong. However, if they colluded to manipulate the economy for their own gain and did it contrary to the law then they guilty of a criminal offense. That is true no matter what company or country does that.

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What is the ultimate purpose of the system of checks and balances? a. to restrict power
b. to give power
c. to distribute responsibility
d. to control spending

Answers

The right answer for the question that is being asked and shown above is that: "c. to distribute responsibility" the ultimate purpose of the system of checks and balances is that c. to distribute responsibility

Athens Delivery Service is hired on October 31, 2018 to perform services, beginning on November 1, 2018. The delivery services will be performed for six months at a rate of $ 2 comma 600 per month. Athens' fiscal year ends on December 31. What amount of service revenue should be recorded as an adjusting entry on December 31, 2018?

Answers

$5200 is the amount of service revenue should be recorded as an adjusting entry on December 31, 2018

Solution:

Athens Delivery Service is hired on October 31, 2018 to perform services:

=> 6 month contract at $2,600 a month

Then , Nov 1 - Dec 31 = 2 months

i.e 2,600 * 2 = $5200

$5200 is the amount of service revenue should be recorded as an adjusting entry on December 31, 2018

Countries gain from specializing in producing goods in which they have a(n) __________ advantage and trading for goods in which other countries have a(n) __________ advantage.

Answers

Countries gain from specializing in producing goods in which they have a(n) comparative advantage and trading for goods in which other countries have a(n) comparative advantage.

A country has comparative advantage in the production of a good if it produces at a lower opportunity cost when compared with other countries. A country should specialise in the production of the good for which it has a comparative advantage.

For example, if Country A has an opportunity cost of 2 in the production of jeans and Country B has an opportunity cost of 10 in the production of Jean, Country A has a comparative advantage in the production of Jeans and should specialise in its production.

A similar question was answered here: brainly.com/question/13221821

Answer:

Countries gain from specializing in producing goods in which they have a comparative advantage and trading for goods in which other countries have a comparative advantage.

Explanation:

In international trade, countries are involved in the export and import of goods and services. Export can be defined as the activity of transporting goods and services from one's own country to a foreign country for sale, while import is defined as the activity of bringing goods into one's own country from a foreign country for purchase. There are many strategies that can be used to determine which goods and services to export and which ones to import. One strategy that is often used is comparative advantage.

Comparative advantage can be defined as a state where a country can produce specific goods and services at a lower opportunity cost as compared to other trading partners. From the definition, we can deduce that the cost of opportunity is what drives whether a country will produce a good or service for export or whether they will import it from another country. if a country has a comparative advantage over the production of specific goods and services, they are most likely to export that good or service, however, if the trading partner has comparative advantage, chances are that they will import that good or service.

A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. What are these other alternatives called?opportunity cost

trade-off

scarcity.

none of the above

Answers

The right answer for the question that is being asked and shown above is that: "opportunity cost."A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. These other alternatives are called opportunity cost

Trade-offs! Just took the test!

Today, Jennifer earns $50000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion that she makes more than her mom would have made if she started working today. Her mom thinks Jennifer would have earned less than she if Jennifer had started working in 1975. If the CPI today is 231 and the CPI in 1975 was 82, then

Answers

Answer:

Jennifer made more money than her mother.

Explanation:

Today, Jennifer earns $50000 at her first job.

Her mom used to make $15,000 at her first job in 1975.

The CPI today is 231 and the CPI in 1975 was 82.

Purchasing power of Jennifer's mother currently

$= (15,000)/(82)\ *\ 231$

= $42,256

Jennifer's purchasing power in 1975

$= (50,000)/(231)\ *\ 82$

= $17,748

Jennifer is currently making more than what her mother could have made if she started working today. Also, she would have earned more than her mother if she had started working in 1975.

What is the best definition of an economic system? economy based on traditional production methods process by which people choose how to use limited resources in order to meet their needs government makes the best decisions

Answers

A process by which people choose how to use limited resources in order to meet their needs is the best definition of an economic system. The correct option among all the options that are given in the question is the second option. I hope that this is the answer you were looking for and it has helped you.

The answer is "process by which people choose how to use limited resources in order to meet their needs".

An economic system refers to an organized way by which a nation allocates assets and appropriates products and ventures over the entire country or a given geographic zone. It is incorporates the mix of a few organizations, elements, offices, basic leadership procedures and examples of utilization that make up the financial structure of a particular network. Hence it is a kind of social framework.

An economic system characterizes how every one of the elements in an economy cooperate. Characterizing them today is considerably more complicated than it used to be.

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