Is it possible to estimate the gains from trade?
What will be an ideal response?
When a nation trades, it enjoys a larger income, owing to a wider range of goods available to consumers. Trade also has a positive influence on productivity levels. However, it is extremely difficult to measure these gains, since it requires knowledge of what a nation's imports would cost if it produced them itselfinstead of purchasing them from a less expensive source abroad.
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Hubbard Company had the following trading securities in its portfolio at December 31. The Fair Value Adjustment-Trading account had a balance of zero prior to any year-end adjustment. Prepare the appropriate adjusting journal entry for this portfolio.Short-Term Debt InvestmentsCostFair ValueXBM$ 24,500$ 25,900Micro51,00048,600Outel62,30061,000Dull 29,900 30,200Totals$167,700$165,700
What will be an ideal response?
In Telebrands v. FTC the FTC sued a company selling an electronic muscle simulation abdominal belt, which the FTC claimed did nothing, but the good looking models in the ads implied that people using the product would become slim. The appeals court held that:
a. the ads did not meet the FTC standard for deception, so could continue b. the company proved that its products did what they claimed, so the ads were allowed c. the company could have a cease-and-desist order against government harassment against a protected right of free speech d. while the product was probably useless, the ads in fact did not say anything technically incorrect; the company had the right to use good looking models to advertise its product so long as it did not make false claims e. none of the other choices
What is an international community that develops open standards to ensure the long-term growth of the web?
A. World Wide Web Consortium (W3C) B. HTML 5 C. URL D. Internet Corporation for Assigned Names and Numbers (ICANN)
Which of the following is a difference between the Internet and intranets?
A) The Internet relies on TCP/IP, while intranets are protocol-independent. B) The Internet can be accessed through web browsers, but intranets need specialized software to access. C) The Internet supports multimedia and document formats unlike intranets. D) The Internet is publicly accessible, while access to intranets is protected with passwords known to authorized individuals.