The British economist G. MacDougall compared the labor productivity ratios and export ratios for the United Kingdom and the United States in order to test
a. Adam Smith's principle of absolute advantage.
b. David Hume's price specie flow mechanism.
c. David Ricardo's principle of comparative advantage.
d. William Benoit's theory of mercantilism.
c. David Ricardo's principle of comparative advantage.
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Evert Company recently acquired 5,000 shares of its $2 par value common stock for $10 per share. Evert initially issued the stock for $7.50 per share. Required:
Assuming the shares were purchased as treasury shares, prepare the necessary journal entry to record the purchase of the 5,000 shares.Continuing with the assumption that the shares were purchased as treasury shares, prepare the journal entry to record the sale of 2,500 shares of the treasury stock for $11.50 per share. Continuing with the assumption that the shares were purchased as treasury shares, prepare the journal entry to record the subsequent sale of 2,000 shares of treasury stock for $9.75 per share. Assuming the shares were purchased and retired, prepare the journal entry to record the retirement of the shares. What will be an ideal response?
What is the most important factor that contributes to competitiveness?
What will be an ideal response?
What do we know of the state of business ethics in the ancient world?
What will be an ideal response?
A company striving for a traditional appearance in its letter format would most likely use
a. block format without paragraph indentions. b. block format with open punctuation. c. modified block format with open punctuation. d. modified block format with mixed punctuation.